Contents

pp v-vii

List of tables

pp viii-ix

List of figures

pp x-x

Preface

pp xi-xii

List of contributors

pp xiii-xiv

Introduction

pp 1-10

FINANCIAL MARKETS

pp 11-12

1 - Do we really know that financial markets are efficient?

pp 13-24

Comment

pp 25-30

ISSUES IN CORPORATE FINANCE

pp 31-32

2 - Precommitment to equity financing choices in a world of asymmetric information

pp 33-45

Comment

pp 46-50

3 - Equity issues and offering dilution

pp 51-82

4 - Effects of asymmetric taxation on the scale of corporate investment

pp 83-98

BANKING

pp 99-100

5 - Credit rationing and collateral

pp 101-135

COMMENT

pp 136-143

6 - Competitive banking in a simple model

pp 144-177

Comment

pp 178-182

INTERNATIONAL FINANCE

pp 183-184

7 - A cost of capital approach to the taxation of foreign direct investment income

pp 185-208

8 - Costs to crossborder investment and international equity market equilibrium

pp 209-240