Some of the Essentials of Finance and Investment

by Gilson, Ronald J.; Black, Bernard S.

• ISBN13: 9781566621366
• ISBN10: 1566621364
• Format: Paperback
• Copyright: 1993-08-01
• Publisher: Foundation Pr

Summary

Gibson and Black's casebook provides detailed information on the essentials of finance and investment. The casebook provides the tools for fast, easy, on-point research. Part of the University Casebook Series®, it includes selected cases designed to illustrate the development of a body of law on a particular subject. Text and explanatory materials designed for law study accompany the cases.

Table of Contents

CHAPTER ONE: AN INTRODUCTION TO CORPORATE ACQUISITIONS AND TRANSACTION PLANNING
A. An Overview of This Book	1	(4)
B. The Professional Setting: Value Creation by Business Lawyers	5	(6)
C. The Historical Setting	11	(30)
D. The Modem Transactional Setting	41	(27)
CHAPTER TWO: VALUATION UNDER CERTAINTY
A. The Time Value of Money	68	(10)
B. Time Value in a Transactional Context: Discounting in Project Choice	78	(6)
1. The Average Rate of Return and Payback Period Methods	79	(2)
2. Internal Rate of: Return and Net Present Value Techniques	81	(3)
Problems to Accompany Chapter Two	84	(2)
CHAPTER THREE: VALUATION UNDER UNCERTAINTY-RISK AND DIVERSIVICATION
A. Expected Return Under Uncertainty	86	(2)
B. Expressing Risk: Variance and Standard Deviation	88	(7)
C. The Value of Diversification	95	(4)
D. Measuring Systematic Risk: Beta	99	(5)
Problems to Accompany Chapter Three	104
CHAPTER FOUR: THE RELATIONSHIP BETWEEN RISK AND RETURN-THE CAPITAL ASSET PRICING MODEL AND ALTERNATIVES
A. The Capital Asset Pricing Model	101	(15)
1. A Qualitative Approach to CAPM	107	(6)
2. Relaxation to Equilibrium	113	(1)
3. A More Formal Development of CAPM	114	(2)
B. The Assumptions Underlying CAPM	116	(4)
C. Empirical Tests of CAPM	120	(9)
D. Multi-Factor Asset Pricing Models	129	(3)
E. Value Additivity and Capital Budgeting under Uncertainty	132	(3)
Problems to Accompany Chapter Four	135	(3)
CHAPTER FIVE: THE EFFICIENT CAPITAL MARKETS HYPOTHESIS
A. The Empirical Evidence Supporting ECMH	138	(9)
B. How Markets Get to be Efficient	147	(12)
C. The Limits of Market Efficiency	159
D. Systematic Errors in Human Cognition	113	(68)
E. Summary	181	(1)
Problems Accompanying Chapter Five	182	(6)
CHAPTER SIX: EVENT STUDIES - MEASURING THE IMPACT OF INFORMATION
A. The Expected Value of Information	188	(6)
B. The Event Study Methodology
1. Measuring Abnormal Returns	194	(3)
2. The Statistical Significance of Abnormal Returns	197	(2)
3. Cumulating and Averaging Abnormal Returns	199	(6)
C. An Event Study Example	205	(6)
D. Issues in Interpreting Event Studies	211	(15)
E. Variations and Methodological Issues	226	(4)
Problems Accompanying Chapter Six	230	(2)
CHAPTER SEVEN: THE OPTION PERSPECTIVE
A. The Basics of Put and Call Options	232	(6)
B. The Factors that Determine Option Value	238	(7)
C. Applying the Option Perspective	245	(7)
Problems Accompanying Chapter Seven	252
0761938001
Introduction	ix
Acknowledgments	xvii
About the Author	xxi
1. Why Leadership Evaluation Is Broken	1	(10)
The Knowing-Doing Gap	3	(1)
Progress in Leadership Evaluation	4	(1)
Ambiguous Leadership Standards	4	(2)
Incoherent Leadership Evaluations	6	(2)
Authority-Responsibility Disequilibrium	8	(1)
A Better Way: Multidimensional Leadership Assessment	8	(3)
2. Reframing Leadership Evaluation	11	(16)
Patrick's Choice: The Risks and Rewards of Evaluation	11	(5)
A New Vision of Educational Accountability	16	(2)
Criteria for Multidimensional Leadership Assessment (MLA)	18	(6)
Implications of a New Vision for Leadership Evaluation	24	(3)
3. Moving Beyond One-Dimensional Leadership Evaluation	27	(10)
The Prevalence of One-Dimensional Evaluation	27	(2)
Leadership Is More Than Test Scores	29	(2)
Leadership Is More Than Popularity	31	(3)
Leadership Is More Than Obedience	34	(3)
4. Creating an Improved Leadership Evaluation System	37	(20)
Domains of Leadership Performance	39	(4)
Leadership Performance Standards	43	(6)
Multidimensional Leadership Assessment	49	(8)
5. Using Evaluation to Improve Performance	57	(10)
The Capacity-Building Continuum	58	(4)
The Challenge Continuum	62	(1)
The Coaching Continuum	63	(1)
The Counseling Continuum	63	(1)
Defining Performance: The Key to Using the Leadership Evaluation Continua	64	(3)
6. Developing a Multidimensional Leadership Assessment System	67	(14)
Leadership Domains	68	(1)
Leadership Performance	69	(2)
Leadership Assessment as a Research Gold mine	71	(1)
Organizational Goals, Values, and Priorities	72	(4)
The Performance Continuum	76	(1)
Qualitative Information: The Lens for Understanding Quantitative Data	77	(1)
Reflection and Self Regulation	78	(3)
7. Building the Next Generation of Educational Leaders	81	(8)
The Leadership Development Imperative	81	(1)
Prototype for a Leadership Development System	82	(1)
Authentic Assessment for Future Leaders	83	(6)
8. Leading Leaders	89	(6)
The Coaching Conundrum: Results or Antecedents?	89	(2)
Inquiry and Hypothesis Testing	91	(2)
Applying MLA Throughout the Organization	93	(2)
9. Improving Leadership Evaluation With Multidimensional Leadership Assessment	95	(10)
Analyze the Present Evaluation System	96	(2)
Create Dimensions of Leadership	98	(1)
Specify Performance Levels	98	(1)
Field Test the Instrument at Multiple Levels	99	(1)
Implement Throughout the Organization	99	(1)
Share Results With Universities and Research Institutions	100	(1)
Use MLA for Training, Recruiting, and Developing Leaders	101	(1)
Conclusion: Finding Answers Inside	102	(3)
Resource A: The Leadership Performance Matrix	105	(24)
Resource B: National Leadership Survey Results	129	(14)
Resource C: Leadership Evaluation Survey	143	(4)
Resource D: The Gap Between What Leaders Know and What They Do	147	(12)
References	159	(2)
Index	161