I-12 Index
bre44380_idx_I1-I24 12 09/30/15 01:56 PM
L
Laclede Group Inc., 87
LA Dodgers, 308
Lafarge, 813
Lakonishok, J., 415n
Lamont, O. A., 850n, 856, 856n
Landier, A., 308n
Landsbanki, 852n
Lang, L. H. P., 877–878, 877n
La Porta, R., 359n, 429 n, 871, 871n, 877, 877n,
884, 885
Laredo Petroleum, 80
Law of conservation of value, 439–440,
888–889
Law of one price, 55–56, 600, 712n
Lazard, 371
LBOs. See Leveraged buyouts (LBOs)
Leary, M. T., 654n
Leases, 365–366
Leasing, 365–366, 652–668
dubious reasons for, 656–657
financial leases. See Financial leases
leveraged leases, 653, 666–667
nature of leases, 652–653
as off-balance-sheet financing, 656–657
operating leases, 653, 657–659
sensible reasons for, 653–655
in theory of optimal capital structure, 483
Lee, D. S., 415n
Leeson, Nick, 304n, 696
Legal systems, 827–828
Lehman Brothers, 5, 52, 374, 451n, 470, 640,
641, 800, 858
Leica, 855
Lemmon, M. L., 311n, 430, 478n, 482 n
“Lemons” problem, leasing and, 654n
Lenders, monitoring by, 306
Lenovo, 835
Lerner, J., 400, 846n
Lessard, D. R., 726
Lessee (user), 652
Lessor (owner), 652
Lev, B., 231n
Leverage
cost of equity capital and, 435–437,
444–445, 449–451
financial. See Financial leverage
hidden, 446–448
operating, 230–232, 257–258
Leveraged buyouts (LBOs), 474, 511, 745,
843–847
characteristics of, 847
examples, 844, 844–846
incentives and, 846, 847
junk bonds and, 599, 608–609, 845, 846
other stakeholders and, 846
taxes and, 846
Leveraged leases, 653, 666–667
Leveraged restructurings, 847
Leverage ratios, 744 –746
Levered equity, 437
Levi, M. D., 726
Levine, R., 880n, 885
Levi Strauss, 385
Lewellen, W. G., 822n
Lewis, C. M., 632n, 643
Lewis, K. K., 726Johnson & Johnson, 66, 80, 80, 174, 176 –179,
181, 193–197, 195, 196, 200, 222–223,
230, 293, 462–464, 463n, 478, 817
Johnson, Ross, 844–845, 846
Johnson, S., 362n, 880, 880n, 885
Jorion, P., 166n
JPMorgan Chase, 370, 374, 388, 414,
415, 613n
JP Morgan Prime Money Market Fund, 369
Jump risks, 677
Jung, K., 396
Junior debt, 365, 626
Junk bonds, 599, 608–609, 845, 846
Jurek, J., 623n
Just-in-time approach, 790, 790nK
Kadant Inc., 851
Kahneman, D., 251n, 340 n, 341 n
Kalay, A., 430
Kallberg, J. G., 779
Kane, A., 165n
Kaneko, T., 393n
Kansas City Southern Railroad, 80, 227, 503
Kaplan, S. N., 309n, 383 n, 470, 470n, 511,
511 n, 838, 846, 846n, 864
Kashyap, A., 872, 872n, 882 n
Kay, John A., 285, 285n, 315 n
Kedia, S., 857n
Keeney, R. L., 271
Keiretsu, 872–873, 881–882
Kendall, Maurice G., 329–330, 329n, 332–333
Keown, A., 334n
Kerviel, Jérôme, 695
Kester, W. C., 271
Keurig Green Mountain, 525
K.G.R. Ökologische Naturdüngemittel GmbH
(KGR), 145 –146
Kickstarter, 382
Kim, Y., 396
Kinder Morgan, 844
Kindleberger, C., 892n
Kiska, Wendy, 607
KKR (Kohlberg Kravis Roberts & Co.), 844,
844–845
Klein, M., 651n
KLM, 525
Knoeber, C. R., 833n
Kohlberg Kravis Roberts & Co. (KKR), 844,
844–845
Kosowski, R., 335n, 888 n
Kothari, S. P., 333n
Kozlowski, Dennis, 12
KPMG, 79
Kraakman, R., 878n
Kraft, 813
Krahnen, J. P., 884
Krigman, L., 385n
The Kroger Co., 396
Kroll Brand Ratings, 608n
Kryvorizhstal, 851
Kulatilaka, N., 583n, 592
Kumar, A., 421n, 423 n
Kumar, P., 627n
Kuoni, 719
Kuroki, F., 873ncost of excess capacity, 146, 150–151
depreciation and, 137, 139–140,
142 –14 4
example, 139–146
forecasting economic rents, 284–287
incentives, 302–311
inf lation and, 137–138
investment versus financing decisions,
5, 138, 141, 329
key points concerning, 107–108
long- versus short-lived projects, 146,
147–150
market values in, 279–282
multiple cash flows, 25–26
payback analysis versus, 10 9 –111
replacement problem, 146, 150
review of basics, 105–109
t a xes a nd, 142 –14 4
tim ing, 146 –147
real estate, 279–282
Investment funds, 368–370. See also Hedge
funds; Mutual funds; Pension funds
Investment opportunity, present value of,
22–23
Investment option, 263–264, 279–282,
288–294, 525, 526, 573–577,
587–588
Involuntary issuers, 397n
Iowa Electronic Markets, 347
Iridium Communications, Inc., 3–4
IRR. See Internal rate of return (IRR)
IRS. See Internal Revenue Service (IRS)
Ishii, J. L., 833n
ISS, 311
Italy, nominal versus real interest rates,
715–717
ITT, 855, 855, 856
Ivanhoe Mines, 398–399
J
Jackson, G., 873n, 884
Jack Wolfskin, 855
Jacquier, E., 165n
Jaguar Land Rover, 814, 835
James, C. M., 819n
James Webb Space Telescope, 137
Japan
bubbles in, 339, 341
foreign bonds in, 629
just-in-time approach, 790, 790n
mergers and, 816
ownership and control in, 872–873,
881–882
short-termism in, 881
Jarmin, R. S., 846n
Jarrell, G., 97n, 414 – 415, 415n
J.C. Penney, 612–613, 620, 624, 626, 627–629
Jenkinson, T., 401
Jensen, Michael C., 303, 303n, 321, 422n, 483,
483 n, 846 n, 861–862, 862n, 864
Jin, L., 366n
Jobs, Steve, 428
John, K., 864
Johnson, B., 752
Johnson, E. J., 340n
Investment decisions—Cont.