Handbook of Corporate Finance: Empirical Corporate Finance

Judging by the sheer number of papers reviewed in this Handbook, the empirical analysis of firms’ financing and investment decisions—empirical corporate finance—has become a dominant field in financial economics. The growing interest in everything “corporate” is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific—but nevertheless important—source of inspiration is a growing awareness of the important social implications of corporate behavior and governance. This Handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues, ranging from econometric methodology, to raising capital and capital structure choice, and to managerial incentives and corporate investment behavior. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.

*The Handbooks in Finance series offers a broad group of outstanding volumes in various areas of finance
*Each individual volume in the series should present an accurate self-contained survey of a sub-field of finance
*The series is international in scope with contributions from field leaders the world over

VOLUME 1
PREFACE: EMPIRICAL CORPORATE FINANCE
B. ESPEN ECKBO
PART 1 – ECONOMETRIC ISSUES AND METHODOLGICAL TRENDS
Chapter 1
Econometrics of event studies
S.P. KOTHARI and JEROLD B. WARNER
Chapter 2
Self-selection models in corporate finance
KAI LI and NAGPURNANAND R. PRABHALA
Chapter 3
Auctions in corporate finance
SUDIPTO DASGUPTA and ROBERT G. HANSEN
Chapter 4
Behavioral corporate finance
MALCOLM BAKER, RICHARD S. RUBACK and JEFFERY WURGLER
PART 2 – BANKING, PUBLIC OFFERINGS, AND PRIVATE SOURCES OF CAPITAL
Chapter 5
Banks in capital markets
STEVEN DRUCKER and MANJU PURI
Chapter 6
Security Offerings
B. ESPEN ECKBO, RONALD W. MASULIS and ØYVIND NORLI
Chapter 7
IPO underpricing
ALEXANDER LJUNGQVIST
Chapter 8
Conglomerate firms and internal capital markets
VOJISLAV MAKSIMOVIC and GORDON PHILLIPS
Chapter 9
Venture capital
PAUL GOMPERS
EMPIRICAL CORPORATE FINANCE