Journal of Applied Corporate Finance

1989 - 2024

Current editor(s): Donald H. Chew Jr.

From Morgan Stanley
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Volume 14, issue 4, 2002

THE REVOLUTION IN CORPORATE RISK MANAGEMENT: A DECADE OF INNOVATIONS IN PROCESS AND PRODUCTS pp. 8-26

Christopher L. Culp

INTEGRATING RISK MANAGEMENT AND CAPITAL MANAGEMENT pp. 27-40

Prakash Shimpi

JUST SAY NO TO WALL STREET: PUTTING A STOP TO THE EARNINGS GAME pp. 41-46

Joseph Fuller and Michael Jensen

REVISITING MARKET EFFICIENCY: THE STOCK MARKET AS A COMPLEX ADAPTIVE SYSTEM pp. 47-55

Michael J. Mauboussin

A SENIOR MANAGER'S GUIDE TO INTEGRATED RISK MANAGEMENT pp. 56-70

Lisa K. Meulbroek

ENTERPRISE RISK MANAGEMENT: THE CASE OF UNITED GRAIN GROWERS pp. 71-81

Scott E. Harrington, Greg Niehaus and Kenneth J. Risko

HOW FIRMS MANAGE RISK: THE OPTIMAL MIX OF LINEAR AND NON‐LINEAR DERIVATIVES pp. 82-93

Gerald D. Gay, Jouahn Nam and Marian Turac

THE INSURANCE PERFORMANCE MEASURE: BRINGING VALUE TO THE INSURANCE INDUSTRY pp. 94-99

Joseph Calandro and Scott Lane

WHERE'S THE CAT GOING? SOME OBSERVATIONS ON CATASTROPHE BONDS pp. 100-107

Angelika Schöchlin

THE DETERMINANTS OF SELECTIVE EXCHANGE RISK MANAGEMENT–EVIDENCE FROM GERMAN NON‐FINANCIAL CORPORATIONS pp. 108-121

Martin Glaum

REGULATION OF FINANCIAL MARKETS: TOWARD A FOCUSED APPROACH pp. 122-128

Hans Stoll

Volume 14, issue 3, 2001

VALUE MAXIMIZATION, STAKEHOLDER THEORY, AND THE CORPORATE OBJECTIVE FUNCTION pp. 8-21

Michael Jensen

GOLF TOURNAMENTS AND CEO PAY—UNRAVELING THE MYSTERIES OF EXECUTIVE COMPENSATION pp. 22-34

John Martin

RECENT DEVELOPMENTS IN GERMAN CAPITAL MARKETS AND CORPORATE GOVERNANCE pp. 35-48

Eric Nowak

ADDING VALUE FOR SHAREHOLDERS IN SOUTH AFRICA: AN ANALYSIS OF THE REMBRANDT RESTRUCTURING pp. 49-57

Brian Kantor

A NOTE ON THE SHAREOWNER ALIGNMENT INDEX (SAI) pp. 79-79

G. Bennett Stewart

STRUCTURING LOAN SYNDICATES: A CASE STUDY OF THE HONG KONG DISNEYLAND PROJECT LOAN pp. 80-95

Benjamin C. Esty

CIVC PARTNERS ROUNDTABLE ON MANAGING PRIVATE EQUITY INVESTMENTS IN TURBULENT ECONOMIC TIMES pp. 96-102

Lori Bolin

GOODWILL ACCOUNTING: EVERYTHING HAS CHANGED AND NOTHING HAS CHANGED pp. 103-112

Martin Ellis

BEHAVIORAL CORPORATE FINANCE pp. 113-126

Hersh Shefrin

Volume 14, issue 2, 2001

REAL OPTIONS: STATE OF THE PRACTICE pp. 8-24

Alex Triantis and Adam Borison

REAL OPTIONS PRIMER: A PRACTICAL SYNTHESIS OF CONCEPTS AND VALUATION APPROACHES pp. 25-40

Kathleen T. Hevert

FIRST‐MOVER (DIS) ADVANTAGE AND REAL OPTIONS pp. 41-51

Tom Cottrell and Gordon Sick

VALUE CREATION AT ANHEUSER‐BUSCH: A REAL OPTIONS EXAMPLE pp. 52-61

Tom Arnold and Richard L. Shockley

ACQUISITION STRATEGIES AS OPTION GAMES pp. 79-89

Hans T. J. Smit

VALUING REAL OPTIONS: CAN RISK‐ADJUSTED DISCOUNTING BE MADE TO WORK? pp. 90-101

James E. Hodder, Antonio S. Mello and Gordon Sick

WHY ISSUE TRACKING STOCK? INSIGHTS FROM A COMPARISON WITH SPIN‐OFFS AND CARVE‐OUTS pp. 102-114

Thomas Chemmanur and Imants Paeglis

OPTION‐BASED COMPENSATION: PANACEA OR PANDORA'S BOX? pp. 115-128

Stuart L. Gillan

Volume 14, issue 1, 2001

ESTIMATING THE TAX BENEFITS OF DEBT pp. 42-54

John Graham

CORPORATE CASH HOLDINGS pp. 55-67

Tim Opler, Lee Pinkowitz, René Stulz and Rohan Williamson

DISAPPEARING DIVIDENDS: CHANGING FIRM CHARACTERISTICS OR LOWER PROPENSITY TO PAY? pp. 67-79

Eugene F. Fama and Kenneth French

HEDGING FIXED‐RATE PREFERRED STOCK INVESTMENTS pp. 80-89

Austin Murphy

THE RISE OF FUTURE FLOW ASSET SECURITIZATIONS pp. 90-98

Steven L. Gandy and Jerome F. Festa

STOCK BUYBACKS, CORPORATE PERFORMANCE, AND EVA pp. 99-110

Benton E. Gup and Doowoo Nam

STRATEGIC DIRECTIONS IN INVESTMENT BANKING—A RETROSPECTIVE ANALYSIS pp. 111-124

Roy C. Smith

Volume 13, issue 4, 2001

MERTON MILLER'S CONTRIBUTIONS TO MODERN FINANCE pp. 8-28

René Stulz

COMPETITION AND REGULATION IN THE U.K. ELECTRICITY INDUSTRY (WITH A BRIEF LOOK AT CALIFORNIA) pp. 21-38

Stephen Littlechild

TRANSFORMING ENRON: THE VALUE OF ACTIVE MANAGEMENT pp. 39-49

Vince Kaminski and John Martin

EVA IN THE E&P INDUSTRY: THE CASE OF NUEVO ENERGY pp. 76-86

John McCormack and Ian Drummond Gow

WHY HEDGE? SOME EVIDENCE FROM OIL AND GAS PRODUCERS pp. 87-92

David Haushalter

TESTING HEDGE EFFECTIVENESS FOR FAS 133: THE VOLATILITY REDUCTION MEASURE pp. 93-99

Andrew Kalotay and Leslie Abreo

A COMPARABLES APPROACH TO MEASURING CASHFLOW‐AT‐RISK FOR NON‐FINANCIAL FIRMS pp. 100-109

Jeremy C. Stein, Stephen E. Usher, Daniel LaGattuta and Jeff Youngen

VALUING PUD RESERVES: A PRACTICAL APPLICATION OF REAL OPTION TECHNIQUES pp. 110-115

John McCormack and Gordon Sick

CHOOSING THE RIGHT FINANCIAL SYSTEM FOR GROWTH pp. 116-123

James Barth, Daniel E. Nolle, Hilton Root and Glenn Yago

Volume 13, issue 3, 2000

CAPITAL MARKET EXCESSES AND COMPETITIVE STRENGTH: THE CASE OF THE HARD DISK DRIVE INDUSTRY 1984–2000 pp. 8-19

William D. Bygrave, Julian E. Lange, J. R. Roedel and Gary Wu

THE CEO: A VISIBLE HAND IN WEALTH CREATION? pp. 20-34

C. K. Prahalad and Yves Doz

FREE CASH FLOW AND PUBLIC GOVERNANCE: THE CASE OF ALASKA pp. 35-43

Dwight R. Lee and James A. Verbrugge

STRATEGIC PERFORMANCE MEASUREMENT SYSTEMS: TRANSLATING STRATEGY INTO RESULTS pp. 44-59

Stephen Gates

DECENTRALIZATION, INCENTIVES, AND VALUE CREATION: THE CASE OF JLG INDUSTRIES pp. 60-70

Heidi E. Treml and Kenneth Lehn

THE VIABLE EVA CENTER (OR, HOW TO SLICE A COMPANY SO IT DOESN'T BLEED) pp. 71-79

Marc Hodak

YANKEE BONDS AND CROSS‐BORDER PRIVATE PLACEMENTS: AN UPDATE pp. 80-91

Greg Johnson

THE GROWTH OF INSTITUTIONAL STOCK OWNERSHIP: A PROMISE UNFULFILLED pp. 92-104

Franklin R. Edwards and R. Glenn Hubbard

THE RISE IN MANAGERIAL STOCK OWNERSHIP pp. 105-115

Clifford G. Holderness, Randall S. Kroszner and Dennis P. Sheenan

JOINING THE NEW ECONOMY pp. 116-127

David Glassman

Volume 13, issue 2, 2000

THE HISTORY OF FINANCE: AN EYEWITNESS ACCOUNT pp. 8-14

Merton Miller

STRATEGY AND SHAREHOLDER VALUE CREATION: THE REAL OPTIONS FRONTIER pp. 15-28

Martha Amram and Nalin Kulatilaka

THE PROMISE OF REAL OPTIONS pp. 29-44

Aswath Damodaran

REAL OPTIONS AND CORPORATE RISK MANAGEMENT pp. 64-73

Alexander J. Triantis

TRACKING STOCKS AND THE ACQUISITION OF REAL OPTIONS pp. 74-83

Michael E. Raynor

AN INTRODUCTION TO GAME THEORY AND BUSINESS STRATEGY pp. 84-98

James Brickley, Clifford Smith and Jerold Zimmerman

OPTION EXERCISE GAMES: THE INTERSECTION OF REAL OPTIONS AND GAME THEORY pp. 99-107

Steven R. Grenadier

BANKING ON REAL OPTIONS pp. 108-111

Steven C. Patrick

WHY SOCIETY NEEDS “IRRATIONAL EXUBERANCE”—AND WHAT THIS MEANS FOR VALUATIONS AND MONETARY POLICY pp. 112-117

Reuven Brenner

EVA AND THE “NEW ECONOMY” pp. 118-128

Gregory V. Milano

Volume 13, issue 1, 2000

CONVERTIBLE BONDS: MATCHING FINANCIAL AND REAL OPTIONS pp. 8-21

David Mayers

CONVERTIBLE SECURITIES: A TOLLBOX OF FLEXIBLE FINANCIAL INSTRUMENTS FOR CORPORATE ISSUERS pp. 22-30

Trevor Ganshaw and Derek Dillon

WHAT DO WE KNOW ABOUT STOCK REPURCHASES? pp. 31-51

Gustavo Grullon and David L. Ikenberry

Are Banks Still Special? New Evidence on Their Role in the Corporate Capital‐Raising Process pp. 52-63

Christopher James and David C. Smith

REVISITING THE HIGH YIELD BOND MARKET: MATURE BUT NEVER DULL pp. 64-74

Edward Altman

ARE PROJECT FINANCE LOANS DIFFERENT FROM OTHER SYNDICATED CREDITS? pp. 75-87

Stefanie Kleimeier and William L. Megginson

CAPITAL FORMATION AND THE INTERNET pp. 108-113

Reena Aggarwal and Sandeep Dahiya

AN INSTITUTIONAL INNOVATION TO REDUCE THE AGENCY COSTS OF PUBLIC CORPORATE BONDS pp. 114-121

Yakov Amihud, Kenneth Garbade and Marcel Kahan

OPEN MARKET REPURCHASES: THE VALUE FROM BUYING SHARES AT A DISCOUNT pp. 122-127

Gary E. Porter, Rodney L. Roenfeldt and Neil W. Sicherman

INNOVATIONS IN PARTITIONING A SHARE OF STOCK pp. 128-136

Jack Clark Francis and Rakesh Bali