Journal of Applied Corporate Finance

1989 - 2024

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

From Morgan Stanley
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Volume 12, issue 4, 2000

THE LIQUIDITY ROUTE TO A LOWER COST OF CAPITAL pp. 8-25

Yakov Amihud and Haim Mendelson

INVESTOR RELATIONS, LIQUIDITY, AND STOCK PRICES pp. 26-37

Michael J. Brennan and Claudia Tamarowski

EVIDENCE THAT GREATER DISCLOSURE LOWERS THE COST OF EQUITY CAPITAL pp. 60-69

Christine A. Botosan

BUYING AND SELLING COMPANIES IN THE NEW MILLENNIUM pp. 70-80

Stewart Boswell

HARVESTING VALUE FROM ENTREPRENEURIAL SUCCESS pp. 81-93

John W. Kensinger, John D. Martin and J. William Petty

THE PRIVATE COMPANY DISCOUNT pp. 94-101

John Koeplin, Atulya Sarin and Alan C. Shapiro

TAX PROGRESSIVITY AND CORPORATE INCENTIVES TO HEDGE pp. 102-111

John R. Graham and Clifford W. Smith

RISK MANAGEMENT FOR MIDDLE MARKET COMPANIES pp. 112-119

James Moore, Jay Culver and Bonnie Masterman

DO BANK RELATIONSHIPS MATTER IN PUBLIC DEBT OFFERINGS? pp. 120-127

Sudip Datta, Mai Iskandar‐Datta and Ajay Patel

Volume 12, issue 3, 1999

GOLBALIZATION, CORPORATE FINANCE, AND THE COST OF CAPITAL pp. 8-25

René Stulz

PETROZUATA: A CASE STUDY OF THE EFFECTIVE USE OF PROJECT FINANCE pp. 26-42

Benjamin C. Estry

STRATEGIC HEDGING pp. 43-54

Antonio S. Mello and John E. Parsons

THE CHALLENGE OF MANAGING CREDIT SPREADS: NEW TOOLS ON THE HORIZON pp. 55-62

Andrew Kalotay, Lesil Abreo and Michael Darigan

MEASURING THE COST OF CAPITAL IN AN INTERNATIONAL CAPM FRAMEWORK pp. 63-72

Ronald M. Schramn and Henry N. Wang

The Global CAPM and a Firm's Cost of Capital in Different Currencies pp. 73-79

Thomas J. O'Brien

A METHOD FOR ESTIMATING GLOBAL CORPORATE CAPITAL COSTS: THE CASE OF BESTFOODS pp. 80-90

Justin Pettit, Mack Ferguson and Robert Gluck

WHEN SHAREHOLDERS CHOOSE NOT TO MAXIMIZE VALUE: THE UNION BANK OF SWITZERLAND'S 1994 PROXY FIGHT pp. 91-102

Claudio Loderer and Plus Zgraggen

BANKING REFORM IN ASIA: A PROGRESS REPORT pp. 103-110

Andrew F. Freris

THE ASIAN CRISIS: LESSONS FOR CRISIS MANAGEMENT AND PREVENTION pp. 111-124

Richard Brealey

Volume 12, issue 2, 1999

INTERNET INVESTMENT BANKING AND CORPORATE DEBT ISSUANCE pp. 4-4

Kevin C. Grant

SPECIFIC KNOWLEDGE AND DIVISIONAL PERFORMANCE MEASUREMENT pp. 8-17

Michael Jensen and William H. Meckling

THE EVA REVOLUTION pp. 18-31

Al Ehrbar and G. Bennett Stewart

TO PURCHASE OR TO POOL: DOES IT MATTER? pp. 32-47

Eric Lindenberg and Michael P. Ross

EVIDENCE ON EVA pp. 69-79

Gary C. Biddle, Robert M. Bowen and James S. Wallace

SOME NEW EVIDENCE ON EVA COMPANIES pp. 80-91

Robert T. Kleiman

EVA AND ITS CRITICS pp. 92-96

Stephen F. O'Byrne

THE DESIGN OF MULTI‐YEAR STOCK OPTION PLANS pp. 97-106

Brian J. Hall

TWELVE WAYS TO STRENGTHEN YOUR INCENTIVE PLAN pp. 107-117

David Glassman

A GUIDE TO VALUING EMPLOYEE STOCK OPTIONS WITH A RELOAD FEATURE pp. 118-128

Thomas Hemmer, Steve Matsunaga and Terry Shevlin

WHY THE EFFICIENT MARKET OFFERS HOPE TO ACTIVE MANAGEMENT* pp. 129-136

Peter L. Bernstein

Volume 12, issue 1, 1999

THE CAPITAL STRUCTURE PUZZLE: ANOTHER LOOK AT THE EVIDENCE pp. 8-20

Michael J. Barclay and Clifford W. Smith

INTERNET INVESTMENT BANKING: THE IMPACT OF INFORMATION TECHNOLOGY ON RELATIONSHIP BANKING pp. 21-27

William J. Wilhelm

FINANCING INNOVATIONS AND CAPITAL STRUCTURE CHOICES pp. 28-39

Aswath Damodaran

RATCHET BONDS: MAXIMUM REFUNDING EFFICIENCY AT MINIMUM TRANSACTION COST pp. 40-47

Andrew Kalotay and Leslie Abreo

THE STATE OF THE HOME EQUITY SECURITIES MARKET (AND HOW TO IMPROVE IT): REPORT FROM A RECENT CONFERENCE pp. 48-54

Michael D. Youngblood

A SURVEY OF U.S. CORPORATE FINANCING INNOVATIONS: 1970–1997 pp. 55-69

Kenneth A. Carow, Gayle R. Erwin and John J. McConnell

RECENT DEVELOPMENTS IN THE HIGH YIELD MARKET pp. 70-77

Henk Bouhuys and Stephan Jaeger

SECONDARY MARKET STABILIZATION OF IPOs pp. 78-85

William J. Wilhelm

THE MARKET'S PRICING OF DEBT IPOs pp. 86-91

Sudip Datta, Mai Iskandar‐Datta and Ajay Patel

HOW CHANGES IN BOND CALL FEATURES AFFECT COUPON RATES pp. 92-99

Bryan Stanhouse and Duane Stock

ESTIMATING THE EQUITY RISK PREMIUM AND EQUITY COSTS: NEW WAYS OF LOOKING AT OLD DATA pp. 100-112

Laurence Booth

CORPORATE CAPITAL COSTS: A PRACTITIONER'S GUIDE pp. 113-120

Justin Pettit

DOLLARIZATION FOR ARGENTINA pp. 121-126

Steve Hanke

Volume 11, issue 4, 1999

A LETTER TO THE EDITOR pp. 4-4

Roger Kuebel

THE ACTIVE BOARD OF DIRECTORS AND ITS EFFECT ON THE PERFORMANCE OF THE LARGE PUBLICLY TRADED CORPORATION pp. 8-20

Paul W. MacAvoy and Ira M. Millstein

R&D AND CAPITAL MARKETS pp. 21-35

Baruch Lev

DOES VENTURE CAPITAL REQUIRE AN ACTIVE STOCK MARKET? pp. 36-48

Bernard Black and Ronald J. Gilson

FLOATING CURRENCIES, CAPITAL CONTROLS, OR CURRENCY BOARDS: WHAT'S THE BEST REMEDY FOR THE CURRENCY CRISES? pp. 49-56

Vijay Singal

THE CASE FOR AN INDONESIAN CURRENCY BOARD pp. 57-65

Christopher L. Culp, Steve Hanke and Merton Miller

CAPITAL MARKETS AND DEMOCRACY pp. 66-74

Reuven Brenner

STRENGTHENING THE GLOBAL FINANCIAL SYSTEM: ASSESSING THE CRISIS AND THE POLICY RESPONSE pp. 75-81

William S. Haraf

WHEN DO STRATEGIC ALLIANCES CREATE SHAREHOLDER VALUE? pp. 82-87

Su Han Chan, John W. Kensinger, Arthur J. Keown and John D. Martin

TAKEOVERS, MANAGEMENT REPLACEMENT, AND POST‐ACQUISITION OPERATING PERFORMANCE: SOME EVIDENCE FROM THE 1980s pp. 88-96

James D. Parrino and Robert S. Harris

THE STERN STEWART PERFORMANCE 1000 pp. 122-126

Irwin Ross

Volume 11, issue 3, 1998

Financial Markets and Economic Growth pp. 8-15

Merton Miller

GLOBALIZATION OF CAPITAL MARKETS AND THE ASIAN FINANCIAL CRISIS pp. 30-39

E. Han Kim

WHICH CAPITALISM? LESSONS FORM THE EAST ASIAN CRISIS pp. 40-48

Raghuram Rajan and Luigi Zingales

SOME REFLECTIONS ON RECENT MONETARY TURMOIL IN EASTERN EUROPE pp. 49-54

Merton Miller

SECURITIZATION: A FINANCING STRATEGY FOR EMERGING MARKETS FIRMS pp. 55-65

Claire A. Hill

Assessing Bond Market Developments Pot‐Euro pp. 66-81

Lorenzo Codogno

USING DISCOUNTED CASH FLOW ANALYSIS IN AN INTERNATIONAL SETTING: A SURVEY OF ISSUES IN MODELING THE COST OF CAPITAL pp. 82-99

Tom Keck, Eric Levengood and Longfield Al

INTERNATIONAL PRODUCTION LOCATION AND “PRO FORMA” FINANCIAL HEDGING OF EXCHANGE RATE RISK pp. 100-108

Thomas J. O'Brien

HOW TO USE EVA IN THE OIL AND GAS INDUSTRY pp. 109-131

John L. McCormack and Jawanth Vytheeswaran

Volume 11, issue 2, 1998

SILICON VALLEY'S HIGH‐VELOCITY LABOR MARKET pp. 28-37

Alan Hyde

REINVENTING A CORPORATION: THE “SATELLITE” STRUCTURE OF THERMO ELECTRON pp. 38-47

Jeffrey Allen

RETHINKING BANK REGULATION: A REVIEW OF THE HISTORICAL EVIDENCE pp. 48-58

Randall S. Kroszner

A NEW APPROACH TO CAPITAL BUDGETING FOR FINANCIAL INSTITUTIONS pp. 59-69

Kenneth Froot and Jeremy Stein

SOME EVIDENCE THAT BANKS USE INTERNAL CAPITAL MARKETS TO LOWER CAPITAL COSTS pp. 70-78

Joel Houston and Christopher James

FINANCIAL INNOVATIONS IN LEVERAGED COMMERCIAL LOAN MARKETS pp. 79-94

Christopher L. Culp and Andrea M. P. Neves

HOW STOCK‐SWAP MERGERS AFFECT SHAREHOLDER (AND BONDHOLDER) WEALTH: MORE EVIDENCE OF THE VALUE OF CORPORATE “FOCUS” pp. 95-106

Lance Nail, William L. Megginson and Carlos Maquieira

THE MEASUREMENT OF POST‐ACQUISITION PERFORMANCE: TOWARD A VALUE‐BASED BENCHMARKING METHODOLOGY pp. 107-121

Mark L. Sirower and Stephen F. O'Byrne

HOW SHOULD PENSION FUNDS MANAGE RISK? pp. 122-127

Keith P. Ambachtsheer

Volume 11, issue 1, 1998

EXPRESS LANE OR TOLLBOOTH IN THE DESERT? THE SEC'S FRAMEWORK FOR SECURITY ISSUANCE pp. 25-38

Jennifer E. Bethel and Erik R. Sirri

MIPS, QUIPS AND TOPrS: OLD WINE IN NEW BOTTLES pp. 39-44

Arun Khanna and John J. McConnell

UNDERSTANDING THE DESIGN OF CONVERTIBLE DEBT pp. 45-53

Craig M. Lewis, Richard J. Rogalski and James K. Seward

MEASURING CORPORATE TAX RATES AND TAX INCENTIVES: A NEW APPROACH pp. 54-65

John R. Graham and Michael L. Lemmon

THE BALANCED CAPITAL STRUCTURE pp. 66-77

Steven C. Patrick

WHO WINS IN LARGE STOCK BUYBACKS – THOSE WHO SELL OR THOSE WHO HOLD? pp. 78-88

William McNally

EVIDENCE ON HOW COMPANIES CHOOSE BETWEEN DIVIDENDS AND OPEN‐MARKET STOCK REPURCHASES pp. 89-96

Eli Bartov, Itzhak Krinsky and Jason Lee

THE IMPACT OF ASSET SECURITIZATION: A PERSPECTIVE FOR INVESTORS pp. 97-108

Robert M. Okabe

A NEW MODEL FOR ESTIMATING RISK PREMIUMS (ALONG WITH SOME EVIDENCE OF THEIR DECLINE) pp. 109-120

Laurence Booth

CFAR: A NEW TOOL FOR PREDICTING CREDIT QUALITY pp. 121-124

Suzanne Wolkenfeld