Journal of Applied Corporate Finance

1989 - 2024

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

From Morgan Stanley
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Volume 24, issue 4, 2012

Seven Ways to Deal with a Financial Crisis: Cross-Country Experience and Policy Implications pp. 8-22

Charles Calomiris, Daniela Klingebiel and Luc Laeven

Coming Through in a Crisis: How Chapter 11 and the Debt Restructuring Industry Are Helping to Revive the U.S. Economy pp. 23-35

Stuart Gilson

International Propagation of the Credit Crisis: Lessons for Bank Regulation pp. 36-45

Richard A. Brealey, Ian A. Cooper and Evi Kaplanis

A Proposal to Improve U.S. Housing Market Incentives: A Response to the Federal Reserve White Paper of January 2012 pp. 46-58

Michael A. Ehrlich, Ronald Sverdlove, Charles F. Beauchamp, Rawley Thomas and Michael G. Stockman

A Primer on Distressed Investing: Buying Companies by Acquiring Their Debt pp. 59-76

Stephen G. Moyer, David Martin and John Martin

Are Too Many Private Equity Funds Top Quartile? pp. 77-89

Robert Harris, Tim Jenkinson and Rüdiger Stucke

What Happens During the Private Period?: Evidence from Public-to-Private Reverse LBOs pp. 90-101

Sudip Datta, Mark Gruskin and Mai Iskandar-Datta

The Case for Secondary Buyouts as Exit Channel pp. 102-111

Ann-Kristin Achleitner, Oliver Bauer, Christian Figge and Eva Lutz

Do Private Equity Funds Increase Firm Value? Evidence from Japanese Leveraged Buyouts pp. 112-128

Tsung-ming Yeh

CDS and the Resolution of Financial Distress pp. 129-134

Stephen J. Lubben and Rajesh P. Narayanan

Volume 24, issue 3, 2012

Is Economic Growth Good for Investors? pp. 8-18

Jay Ritter

Blinded by Growth pp. 19-25

Javier Estrada

Valuation with Market Multiples: How to Avoid Pitfalls When Identifying and Using Comparable Companies pp. 26-38

Robert W. Holthausen and Mark E. Zmijewski

Excess Cash and Shareholder Payout Strategies pp. 39-54

Niso Abuaf

Toward Real-Time Financial Reporting: How to Reduce Investors' Information Gap and the Cost of Capital pp. 55-59

U. Mark Schneider

Pitfalls in Levering and Unlevering Beta and Cost of Capital Estimates in DCF Valuations pp. 60-74

Robert W. Holthausen and Mark E. Zmijewski

An Entrepreneur's Guide to Understanding the Cost of Venture Capital pp. 75-83

V. Ravi Anshuman, John Martin and Sheridan Titman

Corporate Governance and the Cost of Capital: Evidence from Australian Companies pp. 84-93

Peter Kien Pham, Jo-Ann Suchard and Jason Zein

Assessing Project Risk pp. 94-100

Antonio E. Bernardo, Bhagwan Chowdhry and Amit Goyal

The Terminal Value and Inflation Controversy pp. 101-107

Daniel Kiechle and Niklas Lampenius

Volume 24, issue 2, 2012

Toward a 21st Century Social Contract pp. 8-13

Carl Ferenbach and Chris Pinney

Sustainability as Adaptability pp. 14-22

Martin Reeves, Knut Haanaes, Claire Love and Simon Levin

Public Pensions and U.S. Infrastructure Investment: The Perfect Partnership? pp. 23-26

J. Perry Offutt, James Runde and Stacie D. Selinger

Integrated Reporting, Stakeholder Engagement, and Balanced Investing at American Electric Power pp. 27-37

Katherine W. Parrot and Brian X. Tierney

Sustainability at Dow Chemical pp. 38-44

Kathleen M. Perkins, Robert G. Eccles and Mark Weick

How Does Sustainability Disclosure Drive Behavior Change? pp. 45-48

Nigel Topping

New Corporate Forms: One Viable Solution to Advancing Environmental Sustainability pp. 49-56

Susan Mac Cormac and Heather Haney

SEC ESG Noncompliance: Where the Rubber Meets the Road pp. 57-64

Linda M. Lowson

The Need for Sector-Specific Materiality and Sustainability Reporting Standards pp. 65-71

Robert G. Eccles, Michael P. Krzus, Jean Rogers and George Serafeim

Performance Measurement for Nonprofits pp. 72-77

David M. Glassman and Kathy Spahn

Private Landowners Cooperate to Sustain Wildlife Habitat: The Case of the Sabi Sand Game Reserve pp. 78-85

David Schmidtz and Elizabeth Willott

Volume 24, issue 1, 2012

Financial Markets and Economic Growth pp. 8-13

Merton Miller

A Look Back at Merton Miller's “Financial Markets and Economic Growth” pp. 14-16

Charles Calomiris

Liquidity, the Value of the Firm, and Corporate Finance pp. 17-32

Yakov Amihud and Haim Mendelson

Getting the Right Mix of Capital and Cash Requirements in Prudential Bank Regulation pp. 33-41

Charles Calomiris

CARE/CEASA Roundtable on: Liquidity and Capital Management pp. 42-59

Charles Calomiris, Murillo Campello, Mark Lang, Florin Vasvari and Scott Richardson

Statement of the Financial Economists Roundtable: How to Manage and Help to Avoid Systemic Liquidity Risk pp. 60-66

Robert Eisenbeis

Clearing and Collateral Mandates: A New Liquidity Trap? pp. 67-73

Craig Pirrong

Transparency in Bank Risk Modeling: A Solution to the Conundrum of Bank Regulation pp. 74-79

David P. Goldman

Revisiting the Illiquidity Discount for Private Companies: A New (and “Skeptical”) Restricted‐Stock Study pp. 80-91

Robert Comment

Are Investment Banks Special Too? Evidence on Relationship‐Specific Capital in Investment Bank Services pp. 92-104

Chitru S. Fernando, William L. Megginson and Anthony D. May

Volume 23, issue 4, 2011

Morgan Stanley Roundtable on The State of Global Private Equity pp. 8-33

Steve Kaplan, Carl Ferenbach, Mike Bingle, Marc Lipschultz, Phil Canfield and Alan Jones

An Empirical Model of Optimal Capital Structure pp. 34-59

Jules van Binsbergen, John R. Graham and Jie Yang

The Evolution of Private Equity in Emerging Markets: The Case of Poland pp. 60-69

Darek Klonowski

Financing Shipping Companies and Shipping Operations: A Risk‐Management Perspective pp. 70-82

Stefan Albertijn, Wolfgang Bessler and Wolfgang Drobetz

Creating Value at the Intersection of Sourcing, Hedging and Trading pp. 83-89

Blaine Finley and Justin Pettit

Spin‐offs: Tackling the Conglomerate Discount pp. 90-101

Ajay Khorana, Anil Shivdasani, Carsten Stendevad and Sergey Sanzhar

Pre‐Issuance Hedging of Fixed‐Rate Debt pp. 102-112

James Adams and Donald J. Smith

Market Interest in Nonfinancial Information pp. 113-127

Robert G. Eccles, George Serafeim and Michael P. Krzus

Volume 23, issue 3, 2011

Canada's Budget Triumph pp. 8-17

David R. Henderson

Re‐imagining Infrastructure pp. 18-29

Mark Gerencser

Privatizing Waterworks: Learning from the French Experience pp. 30-35

Steve Hanke and Stephen J.K. Walters

Reflections on Private Water Supply: Agency and Equity Issues pp. 36-40

Steve Hanke and Stephen J.K. Walters

A Fresh Look at U.S. Water and Wastewater Infrastructure: The Commercial and Environmentally Sustainable Path Forward pp. 41-52

David Haarmeyer

The Upside to Fiscal Challenges: Innovative Partnerships Between Public and Private Sector pp. 53-59

Martha Amram and Tabitha Crawford

Infrastructure Public‐Private Partnerships: “Partnerships” Come to Fruition pp. 60-63

J. Perry Offutt, James Runde and Stacie D. Selinger

The Role of Finance and Private Investment in Developing Sustainable Cities pp. 64-74

John Macomber

Energy Infrastructure Investment and the Rise of the Uncorporation1 pp. 75-83

Larry E. Ribstein

Why Financial Institutions Matter: The Case of Energy Infrastructure MLPs pp. 84-91

Conrad S. Ciccotello

The Future of U.S. Infrastructure: Proposals for Progress pp. 92-98

Sadek Wahba

Environmental Finance: Innovating to Save the Planet pp. 99-111

Franklin Allen and Glenn Yago

Volume 23, issue 2, 2011

Downsides and DCF: Valuing Biased Cash Flow Forecasts pp. 8-17

Richard S. Ruback

CARE/CEASA Roundtable on Managing Uncertainty and Risk pp. 18-33

Trevor Harris, Neal Shear and Steve Galbraith

How the U.S. Army Analyzes and Copes with Uncertainty and Risk pp. 34-40

Hugh Jones

Accounting for Sovereign Risk When Investing in Emerging Markets pp. 41-49

V. Ravi Anshuman, John Martin and Sheridan Titman

Accounting for Risk and Return in Equity Valuation pp. 50-58

Stephen Penman

Morgan Stanley's Risk‐Reward Views: Unlocking the Full Potential of Fundamental Analysis pp. 59-68

Guy Weyns, Juan‐Luis Perez, Barry Hurewitz and Vlad Jenkins

How Corporate Diversity and Size Influence Spinoffs and Other Breakups pp. 69-76

Gregory V. Milano, Steven C. Treadwell and Frank Hopson

The Three‐Factor Model: A Practitioner's Guide pp. 77-84

Javier Estrada

Valuing Companies with Cash‐Flow@Risk pp. 85-93

Franck Bancel and Jacques Tierny

Valuing an Early‐Stage Biotechnology Investment as a Rainbow Option pp. 94-103

Peter A. Brous

Terminal Value, Accounting Numbers, and Inflation pp. 104-112

Gunther Friedl and Bernhard Schwetzler

Comment on “Terminal Value, Accounting Numbers, and Inflation” by Gunther Friedl and Bernhard Schwetzler pp. 113-115

Michael H. Bradley and Gregg A. Jarrell

Volume 23, issue 1, 2011

Growth and Renewal in the United States: Retooling America's Economic Engine pp. 8-19

James Manyika, David Hunt, Scott Nyquist, Jaana Remes, Vikram Malhotra, Lenny Medonca, Byron Auguste and Samantha Test

Toward a Bottom‐Up Approach to Assessing Sovereign Default Risk pp. 20-31

Edward Altman and Herbert A. Rijken

Current Accounts and Global Adjustment: The Long and Short of It pp. 32-42

Manoj Pradhan and Alan Taylor

The Dodd‐Frank Wall Street Reform and Consumer Protection Act: Accomplishments and Limitations pp. 43-56

Viral Acharya, Thomas Cooley, Matthew Richardson, Richard Sylla and Ingo Walter

China Adopts EVA: An Essential Step in the Great Leap Forward pp. 57-62

Erik Stern

Corporate Portfolio Management: Theory and Practice pp. 63-76

Ulrich Pidun, Harald Rubner, Matthias Krühler, Robert Untiedt and Michael Nippa

Deleveraging Corporate America: Job and Business Recovery Through Debt Restructuring pp. 77-83

Glenn Yago and Tong Li

Law and Executive Compensation: A Cross‐Country Study pp. 84-91

Stephen Bryan, Robert Nash and Ajay Patel

What Drives CEOs to Take on More Risk? Some Evidence from the Laboratory of REITs pp. 92-105

Roland Füss, Nico Rottke and Joachim Zietz

Comply or Explain: Investor Protection Through the Italian Corporate Governance Code pp. 107-121

Marcello Bianchi, Angela Ciavarella, Valerio Novembre and Rossella Signoretti