The Blackwell Encyclopedic Dictionary of Finance Edited by Dean Paxson and Douglas Wood Manchester Business School CONTENTS

Preface ...........................................................................................................9

A ............................................................................................................................18

Agency Theory .......................................................................................................18

 Artificial Neural Networks ..........................................................................................21

Asset Allocation..............................................................................24

Asset Pricing ..................................................................................................................26

B.....................................................-................................................................34 Bankruptcy.......................................................................................................................34

Banks as Barrier Options ...................................................................................................38

 Bid–Ask Spread ..........................................................................................................41

Black–Scholes..................................................................................................................43 C...............................................................................................................................................45

Capital Adequacy.....................................................................................................45

Capital Structure ...................................................................................................51

 Catastrophe Futures and Options ...............................................................55

 Commodity Futures Volatility ...................................................................57

Conditional Performance Evaluation .............................................................60 Consolidation ......................................................................................................64 Contagion......................................................................................................68

 Contingent Claims .........................................................................................70

Convenience Yields ..................................................................................................72 Convertibles..........................................................................................................78

Corporate Governance ...................................................................................................81

 Corporate Takeover Language.....................................................................85

 Cost of Capital .............................................................................................88 D ............................................................................................................................91

 Debt Swaps ...........................................................................................................91

 Deposit Insurance ...................................................................................................95

 Discounted Cash Flow Models ...................................................................................100

 Disinvestment Decisions..............................................................................................103

Dividend Growth Model..................................................................................................106

 Dividend Policy ......................................................................................................109

E.........................................................................................................................................113

Electronic Banking .............................................................................................................................113

 Electronic Payments Systems ................................................................................120

 Embedded Inflation................................................................................................124

 Ethics in Finance................................................................................................127

Eurocredit Markets ...........................................................................................133

Event Studies ...........................................................................................................137

 Exotic Options .................................................................................................141 Expectations.........................................................................................................146