The Revolution in Corporate Finance

The third edition of this widely used collection provides a thoroughly revised set of seminal articles presenting the latest in academic thinking by experts in the field of finance. Using articles from the highly regarded Journal of Applied Corporate Finance, it gives real insight into the practical implications of the most recent theoretical advances in the field. The completely revised and updated third edition retains a number of the key original articles and adds new pieces on the most important recent developments, including corporate governance, corporate restructuring, risk management, dividend policy, capital structure, and the economic consequences of high leverage and stock market pressures on corporate management and the role of corporate boards in the 1990s.

Joel M. Stern is Managing Partner of Stern Stewart & Co., a New York corporate financial advisory firm. He is author of Analytical Methods in Financial Planning and Measuring Corporate Performance, and currently serves as Adjunct Professor of Finance at Columbia University’s Graduate School of Business.

Donald H. Chew was a founding partner of Stern Stewart & Co., and is Editor-in-Chief of the Bank of America Journal of Applied Corporate Finance. He holds a Ph.D. in English and American Literature, as well as an M.B.A. in Finance, from the University of Rochester.