Journal of Applied Corporate Finance

1989 - 2024

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

From Morgan Stanley
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Volume 18, issue 4, 2006

Enterprise Risk Management: Theory and Practice pp. 8-20

Brian W. Nocco and René Stulz

Hedging and Value in the U.S. Airline Industry pp. 21-33

David Carter, Daniel A. Rogers and Betty Simkins

Basel II: The Route Ahead or Cul‐de‐Sac? pp. 34-43

Richard Brealey

Accounting and Valuation: How Helpful Are Recent Accounting Rule Changes? pp. 44-52

Bradford Cornell and Wayne R. Landsman

A Note on XBRL and The Promise of “Modular” Accounting pp. 53-53

Mark Schnitzer and Campbell Pryde

The Promise of Credit Derivatives in Nonfinancial Corporations (and Why It's Failed to Materialize) pp. 54-60

Charles Smithson and David Mengle

How Does the Corporate World Cope with Mega‐Terrorism? Puzzling Evidence from Terrorism Insurance Markets pp. 61-75

Erwann Michel‐Kerjan and Burkhard Pedell

Navigating in the Midst of More Uncertainty and Risk pp. 76-80

Jim Butcher, Nick Turner and Gerard Drenth

Incorporating Strategic Risk into Enterprise Risk Management: A Survey of Current Corporate Practice pp. 81-90

Stephen Gates

Managing M&A Risk with Collars, Earn‐outs, and CVRs* pp. 91-104

Stefano Caselli, Stefano Gatti and Marco Visconti

Risk Management and the Cost of Capital for Operating Assets pp. 105-109

Thomas J. O'Brien

Reducing a Company's Beta—A Novel Way to Increase Shareholder Value pp. 110-113

Jeremy Gold

Volume 18, issue 3, 2006

Leveraged Buyouts in the U.K. and Continental Europe: Retrospect and Prospect pp. 38-55

Mike Wright, Luc Renneboog, Tomas Simons and Louise Scholes

The Financial and Economic Lessons of Italy's Privatization Program pp. 56-65

William L. Megginson and Dario Scannapieco

Canadian Business Trusts: A New Organizational Structure pp. 66-75

Paul Halpern and Oyvind Norli

Public vs. Private Equity* pp. 76-82

John J. Moon

Avoiding the “Synergy Trap”: Practical Guidance on M&A Decisions for CEOs and Boards pp. 83-95

Mark L. Sirower and Sumit Sahni

Demutualization and Public Offerings of Financial Exchanges pp. 96-106

Reena Aggarwal and Sandeep Dahiya

Evidence on What CFOs Think About the IPO Process: Practice, Theory, and Managerial Implications pp. 107-117

James C. Brau and Stanley E. Fawcett

Volume 18, issue 2, 2006

The Role of Real Options in Capital Budgeting: Theory and Practice1 pp. 28-39

Robert L. McDonald

How Kimberly‐Clark Uses Real Options pp. 40-47

Martha Amram, Fanfu Li and Cheryl A. Perkins

Handling Valuation Models pp. 48-55

Stephen H. Penman

Expectations‐Based Management pp. 82-97

Tom Copeland and Aaron Dolgoff

Incentives and Investor Expectations pp. 98-105

Stephen F. O'Byrne and S. David Young

The Effect of “Private” and “Public” Risks on Oilfield Asset Pricing: Empirical Insights into the Georgetown Real Option Debate pp. 106-115

Gavin L. Kretzschmar and Peter Moles

The Real Reasons Enron Failed pp. 116-119

Bennett Stewart

Multinationals in the Middle Kingdom: Performance, Opportunities, and Risks pp. 120-131

David Glassman

Volume 18, issue 1, 2006

A Message from the Editor pp. 2-3

Dhc

The Tax Consequences of Long‐Run Pension Policy* pp. 8-14

Fischer Black

Allocating Shareholder Capital to Pension Plans pp. 15-24

Robert Merton

“De‐risking” Corporate Pension Plans: Options for CFOs pp. 25-35

Richard Berner, Bryan Boudreau and Michael Peskin

An Investment Management Methodology for Publicly Held Property/Casualty Insurers pp. 36-53

William H. Heyman and David D. Rowland

How Behavioral Finance Can Inform Retirement Plan Design1 pp. 82-94

Olivia Mitchell and Stephen P. Utkus

Risk Allocation in Retirement Plans: A Better Solution pp. 95-103

Donald E. Fuerst

Defeasing Legacy Costs* pp. 104-107

Richard Berner and Michael Peskin

The Employer's Role in Reforming the U.S. Health Care System pp. 108-116

Kenneth L. Sperling

Downside Risk in Practice pp. 117-125

Javier Estrada

New Leadership at the Federal Reserve* pp. 126-129

Charles Plosser

Volume 17, issue 4, 2005

A Message from the Editor pp. 2-3

Dhc

Pay Without Performance: Overview of the Issues pp. 8-23

Lucian A. Bebchuk and Jesse M. Fried

A Remedy for the Executive Pay Problem: The Case for “Compensation Discussion and Analysis” pp. 24-35

Jeffrey N. Gordon

Developments in Remuneration Policy pp. 36-40

Alastair Ross Goobey

Corporate Culture and the Problem of Executive Compensation pp. 41-43

Arthur Levitt

Taking Shareholder Protection Seriously? Corporate Governance in the U.S. and Germany pp. 44-63

Theodor Baums and Kenneth E. Scott

Takeover Defenses and Bargaining Power pp. 85-96

Guhan Subramanian

Is U.S. CEO Compensation Broken? pp. 97-104

John E. Core, Wayne R. Guay and Randall S. Thomas

Top Management Incentives and Corporate Performance pp. 105-114

Stephen O'Byrne and David Young

Letting Go of Norm: How Executive Compensation Can Do Better Than “Best Practices” pp. 115-124

Marc Hodak

Finance, Politics, and the Accounting for Stock Options pp. 125-133

Conrad Ciccotello, C. Terry Grant and W. Mark Wilder

U.S. Family‐Run Companies–They May Be Better Than You Think pp. 134-143

Henry McVey and Jason Draho

The Limits of Organizational Theory and Incentives (Or, Why Corporate Success Is Not Just About Money) pp. 144-146

Ronald Schmidt

Volume 17, issue 3, 2005

A Message from the Editor pp. 2-3

Dhc

Does Risk Management Add Value? A Survey of the Evidence pp. 8-17

Charles Smithson and Betty Simkins

The Uses and Abuses of Finite Risk Reinsurance pp. 18-31

Christopher L. Culp and J. B. Heaton

The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One pp. 62-75

Tom Aabo, John R. S. Fraser and Betty Simkins

Exposure‐Based Cash‐Flow‐at‐Risk: An Alternative to VaR for Industrial Companies pp. 76-86

Niclas Andrén, Håkan Jankensgård and Lars Oxelheim

Exchange Rate Exposure of Exporting and Importing Firms pp. 87-94

Mahesh Pritamani, Dilip Shome and Vijay Singal

A Proposal for Expensing Employee Compensatory Stock Options for Financial Reporting Purposes pp. 95-101

Peter Hancock, Roberto G. Mendoza and Robert Merton

FAS 133: What Is Accounting Truth? pp. 102-106

Alex J. Pollock

Statement 133: Not Perfect, but a Step in the Right Direction pp. 107-109

Jane Adams

Capital Allocation in Financial Firms pp. 110-118

André F. Perold

Risk Management, Risk Capital, and the Cost of Capital pp. 119-123

Neil A. Doherty

Market Efficiency versus Behavioral Finance pp. 124-136

Burton Malkiel, Sendhil Mullainathan and Bruce Stangle

Volume 17, issue 2, 2005

Realizing the Potential of Real Options: Does Theory Meet Practice? pp. 8-16

Alexander Triantis

Real Options Analysis: Where Are the Emperor's Clothes? pp. 17-31

Adam Borison

Real Options: Meeting the Georgetown Challange pp. 32-51

Thomas E. Copeland and Vladimir Antikarov

A Response to “Real Options: Meeting the Georgetown Challenge” pp. 52-54

Adam Borison

Valuing Assets Using Real Options: An Application to Deregulated Electricity Markets pp. 55-67

Gregory Swinand, Carlos Rufin and Chetan Sharma

The Challenge of Valuing Patents and Early‐State Technologies pp. 68-81

Martha Amram

The Decline and Fall of Joint Ventures: How JVs Became Unpopular and Why That Could Change pp. 82-86

Dieter Turowski

Managing Operational Flexibility in Investment Decisions: The Case of Intel pp. 87-93

Peter Miller and Ted O'Leary

Taking Real Options Beyond the Black Box pp. 94-98

Simon Woolley and Fabio Cannizzo

The Option Value of Acquiring Information in an Oilfield Production Enhancement Project pp. 99-104

Margaret Armstrong, William Bailey and Benoît Couët

Value‐Based Management in Biosciences Research and Development pp. 105-112

Gill Eapen

Valuing Pharma R&D: The Catch‐22 of DCF pp. 113-116

Ralph Villiger and Boris Bogdan

Volume 17, issue 1, 2005

A Message from the Editor pp. 2-3

Dhc

The Capital Structure Puzzle: The Evidence Revisited pp. 8-17

Michael J. Barclay and Clifford W. Smith

Do Managers Have Capital Structure Targets? Evidence from Corporate Spinoffs pp. 18-25

Vikas Mehrotra, Wayne Mikkelson and Megan Partch

How To Choose a Capital Structure: Navigating the Debt‐Equity Decision pp. 26-35

Anil Shivdasani and Marc Zenner

Bookbuidling, Auctions, and the Future of the IPO Process pp. 55-66

William J. Wilhelm

Reforming the Bookbuilding Process for IPOs pp. 67-72

Ravi Jagannathan and Ann Sherman

Assessing Growth Estimates in IPO Valuations—A Case Study pp. 73-78

Roger W. Mills

Incorporating Competition into the APV Technique for Valuing Leveraged Transactions pp. 79-87

Michael C. Ehrhardt

A Framework for Corporate Treasury Performance Measurement pp. 88-93

Andrew Kalotay

Morgan Stanley Panel Discussion on Seeking Growth in Emerging Markets: Spotlight on China pp. 94-99

Financial Decision Makers' Conference

Trade, Jobs, and the Economic Outlook for 2005 pp. 100-105

Charles Plosser

Leverage pp. 106-111

Merton Miller