Advances in Corporate Finance and Asset Pricing

by Luc Renneboog (Editor)

Hardcover: 568 pages

Publisher: Elsevier Science; 1 edition (April 12, 2006)

Language: English

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Contents
Dedication of the book to Piet Duffhues v
Contents vii
Contributors xi
List of Figures xxi
List of Tables xxv
1. Introduction: Corporate Restructuring and Governance, Valuation and
Asset Pricing 1
Luc Renneboog
Part 1 Corporate Restructuring
2. Mergers and Acquisitions in Europe 15
Marina Martynova and Luc Renneboog
3. The Performance of Acquisitive Companies 77
Kees Cools and Mindel van de Laar
4. The Announcement Effects and Long-run Stock Market Performance
of Corporate Spin-offs: International Evidence 105
Chris Veld and Yulia Veld-Merkoulova
5. The Competitive Challenge in Banking 133
Arnoud Boot and Anjolein Schmeits
6. Consolidation of the European Banking Sector: Impact on Innovation 161
Hans Degryse, Steven Ongena and Maria Fabiana Penas
vii
Part 2 Corporate Governance
7. Transatlantic Corporate Governance Reform 189
Joseph McCahery and Arman Khachaturyan
8. The Role of Self-Regulation in Corporate Governance: Evidence
and Implications from the Netherlands 199
Abe de Jong, Douglas DeJong, Gerard Mertens and Charles Wasley
9. Shareholder Lock-in Contracts: Share Price and Trading Volume Effects
at the Lock-in Expiry 235
Peter-Paul Angenendt, Marc Goergen and Luc Renneboog
10. The Grant and Exercise of Stock Options in IPO Firms: Evidence from the
Netherlands 277
Tjalling van der Goot, Gerard Mertens and Peter Roosenboom
11. Institutions, Corporate Governance and Firm Performance 293
Jos Grazell
Part 3 Capital Structure and Valuation
12. Why Do Companies Issue Convertible Bonds? A Review of the Theory
and Empirical Evidence 311
Igor Loncarski, Jenke ter Horst and Chris Veld
13. The Financing of Dutch Firms: A Historical Perspective 341
Abe de Jong and Ailsa Röell
14. Corporate Financing in the Netherlands 365
Rezaul Kabir
15. Syndicated Loans: Developments, Characteristics and Benefits 381
Ger van Roij
16. The Bank’s Choice of Financing and the Correlation Structure
of Loan Returns: Loans Sales versus Equity 393
Vasso Ioannidou and Yiannos Pierides
17. Shareholder Value and Growth in Sales and Earnings 411
Luc Soenen
Part 4 Asset Pricing and Monetary Economics
18. The Term Structure of Interest Rates: An Overview 423
Peter de Goeij
19. Incorporating Estimation Risk in Portfolio Choice 449
Jenke ter Horst, Frans de Roon and Bas Werker
20. A Risk Measure for Retail Investment Products 473
Theo Nijman and Bas Werker
21. Understanding and Exploiting Momentum in Stock Returns 485
Juan Carlos Rodriguez and Alessandro Sbuelz
22. Relating Risks to Asset Types: A New Challenge for Central Banks 505
Jacques Sijben
Author Index 519
Subject Index 531