This two-volume set of 23 articles authoritatively describes recent scholarship in corporate finance and asset pricing. Volume 1 concentrates on corporate finance, encompassing topics such as financial innovation and securitization, dynamic security design, and family firms. Volume 2 focuses on asset pricing with articles on market liquidity, credit derivatives, and asset pricing theory, among others. Both volumes present scholarship about the 2008 financial crisis in contexts that highlight both continuity and divergence in research. For those who seek insightful perspectives and important details, they demonstrate how corporate finance studies have interpreted recent events and incorporated their lessons. Covers core and newly-developing fields Explains how the 2008 financial crises affected theoretical and empirical research Exposes readers to a wide range of subjects described and analyzed by the best scholarsIn other words, not only the quantity of hedge funds performance matters but the quality of performance also matters. ... mid 2000s, prior to the financial crisis of 2008, wanted to know how that strategy would behave if credit spread expands dramatically like in the 1930s. ... During the second half of the 1990s, researchers tried to link hedge fund returns to market risk factors that often have a much longeranbsp;...
|Title||:||Handbook of the Economics of Finance SET:Volumes 2A & 2B|
|Author||:||George M. Constantinides, Milton Harris, Rene M. Stulz|
|Publisher||:||Newnes - 2013-01-21|