This volume, dedicated to John W. Kensinger, explores a variety of topics in financial economics, including firm growth, investment risks, and the profitability of the banking industry. With its global perspective, Essays in Financial Economicsis a valuable addition to the bookshelf of any...

Research in Finance seeks to provide a collection of quality research articles that reflect the current and primary issues in financial markets. Contributions include finance theory and financial practice, plus accounting issues such as reporting derivatives positions, reflecting intangible...

'Research in Finance' seeks to provide a collection of quality research articles that reflect the current and primary issues in financial markets. Contributions include finance theory and financial practice, plus accounting issues such as reporting derivatives positions, reflecting intangible...

The volume first investigates the impact ofmacroeconomic variables on equity values in emerging economies as compared withdeveloped economies. Next it affirms the efficiency of the MidcontinentIndependent System Operator electricity exchange. Finally it investigates efforts to stimulate emerging...

The broad theme of this volume of Research in Finance is "Comparing the Influence upon Equity Valuation of Strategy Compared with Cash Flow Expectations." Contributions assess the strong role of strategy in equity valuation, compared with valuation of expected dividends.

The premise of this discussion is that private equity players intend to create real options that maximize the value derived from potential movement in the worth of the underlying business platform. This intended maximization occurs when the current value of the exercise instrument equals the...

The broad theme of Volume 32 of Research in Finance is "The Spread of Financial Sophistication Through Emerging Markets Worldwide." Contributions assess the spread of Initial Public Offerings, the use of derivatives to provide stability, corporate governance in emerging markets, and the...