Advances in Financial Economics, Volume 6 (Advances in Financial Economics)

Front Cover......Page 1 Advances in Financial Economics......Page 4 Copyright Page......Page 5 Contents......Page 6 LIST OF CONTRIBUTORS......Page 8 CHAPTER 1. ON THE EXISTENCE OF SUB-STANDARD SECURITY MARKETS: THE IPOs OF BLINDER-ROBINSON......Page 10 CHAPTER 2. EXECUTIVE COMPENSATION AND EXECUTIVE CONTRIBUTIONS TO CORPORATE PACS......Page 48 CHAPTER 3. IS MANAGERIAL EQUITY OWNERSHIP AN ALTERNATIVE GOVERNANCE MECHANISM FOR JAPANESE FIRMS?......Page 66 CHAPTER 4. THE INFLUENCE OF MANAGERIAL REPUTATION ON DIVIDEND SMOOTHING......Page 92 CHAPTER 5. THE ROLE OF FEDERAL LAW ENFORCEMENT ACTIONS IN CORPORATE GOVERNANCE......Page 126 CHAPTER 6. EMPIRICAL EVIDENCE ON DETERMINANTS OF CAPITAL STRUCTURE......Page 152 CHAPTER 7. EFFECTS OF HARMFUL ENVIRONMENTAL EVENTS ON REPUTATION OF FIRMS......Page 170 CHAPTER 8. CORPORATE BANKRUPTCY, PRIVATE CREDITORS, AND THE MARKET FOR CORPORATE CONTROL......Page 192 CHAPTER 9. THE WEALTH EFFECTS OF BOARD COMPOSITION AND OWNERSHIP STRUCTURE IN INTERNATIONAL ACQUISITIONS......Page 218 On the existence of sub-standard security markets: the IPOs of blinder-robinson (J.S. Ang, S.L. Brown). Is managerial equity ownership an alternative governance mechanism for Japanese firms? (S.P. Ferris, K.A. Kim, P. Kitsabunnarat). The influence of managerial reputation on dividend smoothing (K.P. Fuller). Effects of harmful environmental events on reputation of firms (K. Jones, P.H. Rubin). Executive compensation and executive contributions to corporate PACS (K.A. Farrell, P.L. Hersch, J.M. Netter). The wealth effects of board composition and ownership structure in international acquisitions (S. Sundaram, I. Chhachii, S. Rosenstein). Corporate bankruptcy, private creditors, and the market for corporate control (M.B. Slovin, M.E. Sushka, E.R. Waller). The role of federal law enforcement actions in coroporate governance (M. Hirschey, E. Jones). Empirical evidence on determinants of capital structure (T. Jandik, A.K. Makhija) Advances in Financial Economics publishes peer reviewed quality manuscripts on any aspects of financial economics including corporate finance, financial institutions and markets and microeconomics. Security markets exist to facilitate trading of claims among strangers, to provide liquidity by minimizing transactions and search costs and to enable businesses to raise funds, etc. Geology and hydrogeology of carbonate islands 1e, 54, Handbook of Statistics 1e