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Drawing on his career-long relationships with leading academics and practitioners, Donald H. Chew, Jr. profiles key figures in the development of modern corporate finance while emphasizing their counterintuitive lessons for shareholders, companies, and countries.
List of contents
Prologue: The Magic of Finance Capitalism
Chapter 1. An Introduction to Corporate Finance: What is It, and Why Does It Matter?
Chapter 2. The Cautionary Tale of Japan, Inc.—and the Link between Corporate Finance and Social Wealth
Chapter 3. Merton Miller and the Chicago School Theory of Value
Chapter 4. Michael Jensen, William Meckling, and the Rochester School of Corporate Control
Chapter 5. Stewart Myers and the MIT School of Real Options and Capital Structure
Chapter 6. Clifford Smith, Rene Stulz, and the Theory and Practice of Corporate Risk Management
Chapter 7. Jensen Redux, Steve Kaplan, and the Accomplishments of U.S. Private Equity
Chapter 8. The Rise and Fall of Stern Stewart’s EVA Financial Management System
Chapter 9. The Perennially Vexing Problem of U.S. CEO Pay and Steve O’Byrne’s Quest for the Perfect Pay Plan
Chapter 10. Martin Fridson, the Extraordinary Success of the High-Yield Bond Market, and the Leveraging of Corporate America
Chapter 11. Carl Walter and Exposing the Brittle Façade of Chinese Corporate and Public Finance
Chapter 12. James Sweeney and Micro-based Attempts to Make Macro Relevant
Epilogue: Sustainable Financial Management (and the Promise and Pitfalls of ESG)
About the author
Donald H. Chew, Jr., has been the editor of the
Journal of Applied Corporate Finance since its start in 1981 and was also a founding partner of the consulting firm Stern Stewart & Co. He holds a PhD in English and American literature as well as an MBA in finance, both from the University of Rochester.
Summary
Drawing on his career-long relationships with leading academics and practitioners, Donald H. Chew, Jr. profiles key figures in the development of modern corporate finance while emphasizing their counterintuitive lessons for shareholders, companies, and countries.
