New Developments in International Finance

The Revolution in Corporate Finance is a collection of 45 articles which were previously published in the Chase Financial Quarterly (by the Chase Financial Policy Division of the Chase Manhattan Bank) and the Midland Corporate Finance Journal (by Stern Stewart & Co.), two publications dedicated to bringing to the attention of senior corporate management the practical import of recent theoretical developments in finance. This book thus offers in a single volume much of the latest academic thinking, written by distinguished financial economists in language accessible to the non-specialist, on a variety of current issues of financial management: capital budgeting, capital structure and long-range financial planning, dividend policy, the profitability and pricing of acquisitions, corporate restructuring, and risk management.