Handbook of Corporate Finance Empirical Corporate Finance Volume 1

174 M. Baker et al. 3.4. Financial policy Direct empirical tests of how optimism and overconfidence affects financing patterns i ...

Ch. 4: Behavioral Corporate Finance 175 is positively related to anex postmeasure of optimistic expectations, the difference bet ...

176 M. Baker et al. 3.5.2. Reference-point preferences Psychological experiments and intuition suggest that people valuechangesi ...

Ch. 4: Behavioral Corporate Finance 177 career concerns, e.g., a situation where the manager tries to distort the updating proce ...

178 M. Baker et al. To what extent can features of financial contracts be understood as a response to assorted behavioral biase ...

Ch. 4: Behavioral Corporate Finance 179 Andrade, G., Mitchell, M.L., Stafford, E., 2001. New evidence and perspectives on merger ...

180 M. Baker et al. Brav, A., 2000. Inference in long-horizon event studies: A Bayesian perspective. Journal of Finance 55, 1979 ...

Ch. 4: Behavioral Corporate Finance 181 Donaldson, G., 1961. Corporate Debt Capacity: A Study of Corporate Debt Policy and the D ...

182 M. Baker et al. Gompers, P.A., Lerner, J., 2003. The really long-run performance of initial public offerings: The pre-Nasdaq ...

Ch. 4: Behavioral Corporate Finance 183 Kahneman, D., Tversky, A. (Eds.), 2000. Choices, Values, and Frames. Cambridge Universit ...

184 M. Baker et al. Lyon, R., Barber, B.M., Tsai, C.-L., 1999. Improved methods for tests of long-run abnormal stock returns. Jo ...

Ch. 4: Behavioral Corporate Finance 185 Rhodes-Kropf, M., Viswanathan, S., 2004. Market valuation and merger waves. Journal of F ...

186 M. Baker et al. Svenson, O., 1981. Are we all less risky and more skillful than our fellow drivers? Acta Psychologica 47, 14 ...

PA RT 2 BANKING, PUBLIC OFFERINGS, AND PRIVATE SOURCES OF CAPITAL ...

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Chapter 5 BANKS IN CAPITAL MARKETS* STEVEN DRUCKER Columbia Business School, Uris Hall, 3022 Broadway, New York, NY 10027, USA e ...

190 S. Drucker and M. Puri 7.2. Beyond screening and monitoring 223 7.3. Loan sales 223 7.4. Bank organizational form 225 7.5. B ...

Ch. 5: Banks in Capital Markets 191 Introduction Banks are an important source of funding in economies around the world. Throu ...

192 S. Drucker and M. Puri There are considerable differences in regulatory environments and quality of the finan- cial markets ...

Ch. 5: Banks in Capital Markets 193 prospects than outsiders due to their screening and monitoring of loans. Compared with inves ...