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January 2025, Volume 37, Issue 1
- 2-3 A Message from the Editor
by Don Chew - 8-22 Capitalizing entrepreneurship: The rise of growth equity
by Gabriele Lattanzio & Lubomir P. Litov & William L. Megginson & Alina Munteanu - 23-35 Are investment banks special too? Evidence on relationship‐specific capital in investment bank services
by Chitru S. Fernando & William L. Megginson & Anthony D. May - 36-47 The record on privatization
by William L. Megginson & Robert C. Nash & Matthias van Randenborgh - 48-57 Are project finance loans different from other syndicated credits?
by Stefanie Kleimeier & William L. Megginson - 58-69 Corporate Governance in India
by Rajesh Chakrabarti & William Megginson & Pradeep K. Yadav - 70-84 The value of Reputation: Evidence from Equity Underwriting
by Chitru S. Fernando & Vladimir A. Gatchev & Anthony D. May & William L. Megginson - 85-105 The rise of accelerated seasoned equity underwritings
by Bernardo Bortolotti & William Megginson & Scott B. Smart - 106-116 The financial and economic lessons of Italy's privatization program
by William L. Megginson & Dario Scannapieco - 117-125 How stock‐swap mergers affect shareholder (and bondholder) wealth: More evidence of the value of corporate “Focus”
by Lance A. Nail & William L. Megginson & Carlos Maquieira - 126-140 Toward a global model of venture capital?
by William L. Megginson
September 2024, Volume 36, Issue 4
- 2-3 A message from the editors
by Don Chew & John McCormack - 9-18 Postmodern corporate finance
by Gregory V. Milano - 19-26 A tale of leadership in value creation
by Gregory V. Milano - 27-34 EVA and the “New Economy”
by Gregory V. Milano - 35-43 Beyond EVA
by Gregory V. Milano - 44-50 Driving outperformance: The power and potential of economic profit
by Jeffrey Greene & Greg Milano & Alex Curatolo & Michael Chew - 51-55 How one company drives ownership behavior to innovate and create shareholder value: The case of Varian Medical Systems
by J. Michael Bruff & Marwaan Karame - 56-61 The dirty dozen stifling value‐based management: Diagnoses and solutions
by Jeffrey Greene - 62-79 Capital deployment roundtable: A discussion of corporate investment and payout policy
by Paul Clancy & Michael Mauboussin & John Briscoe & Scott Ostfeld & Paul Hilal & John McCormack & Don Chew & Gregory V. Milano - 80-81 Save the buyback, save jobs
by Gregory V. Milano & Michael Chew - 82-91 Building a bridge between marketing and finance
by Ryan Barker & Gregory V. Milano - 119-132 A deeper look at the return on purpose: Before and during a crisis
by Gregory V. Milano & Riley Whately & Brian Tomlinson & Alexa Yiğit
March 2024, Volume 36, Issue 2
- 2-4 A message from the Editors
by John McCormack - 8-15 Rational sustainability
by Alex Edmans - 16-20 Living wages revisited: The case of Walgreens Boots Alliance
by Tom Gosling - 21-26 Corporate social responsibility and the shareholder primacy paradigm
by David J. Denis - 27-35 Epilogue: Sustainable financial management (and the promise and pitfalls of ESG investing)
by Don Chew - 36-39 The American Dream Is Alive and Well (and the Problem of U.S. Inequality Greatly Exaggerated)
by Michael R. Strain - 41-44 The neglected moral effects of the market: Arguments from the last 300 years
by Jerry Z. Muller - 45-52 Capitalism and inequality: What the right and the left get wrong
by Jerry Z. Muller - 53-59 Nationalism and capitalism
by Jerry Z. Muller - 60-65 The threat of democracy to capitalism
by Jerry Z. Muller - 66-72 Capitalism and the Jews revisited
by Jerry Z. Muller
January 2024, Volume 36, Issue 1
- 2-4 A message from the Editor
by Don Chew - 9-14 Financial markets and economic growth
by Merton H. Miller - 15-18 Another look back at Merton Miller's “Financial Markets and Economic Growth”
by Charles W. Calomiris - 19-21 The political origins of five decades of big changes in banking
by Charles W. Calomiris - 22-23 The founding of the federal banking system as a commitment to fair access
by Charles W. Calomiris - 24-28 Will fractional‐reserve stablecoin banking replace bitcoin and some traditional banking payments?
by Charles W. Calomiris - 29-33 Fear and loathing in the market for US Treasuries and the clearing nostrum
by Craig Pirrong - 34-35 New thinking about the effects of negative interest rates on banks and the economy
by Charles W. Calomiris - 36-39 Two heads are better than one: The case for incorporating market‐based information into bank supervision and regulation
by Charles W. Calomiris - 40-41 The value of “Soft” supervisory information
by Charles W. Calomiris - 42-44 The case for loan market efficiency—and freedom
by Charles W. Calomiris - 45-54 Systemic risk and unrealized losses in the banking system
by Paul Kupiec
September 2023, Volume 35, Issue 4
- 2-3 Message from the editor
by John McCormack - 7-21 Corporate culture in a new era: Views from the C‐suite
by John R. Graham & Jillian Grennan & Campbell R. Harvey & Shivaram Rajgopal - 22-31 Corporate culture and organizational architecture
by James A. Brickley & Clifford W. Smith & Jerold L. Zimmerman - 32-39 The role of organizational design and culture in the value‐based healthcare movement: The case of the Cleveland Clinic
by James K. Stoller & Bruce D. Lindsay & Don Chew - 40-48 The rise and fall of Stern Stewart & Co.’s EVA financial management system
by Don Chew - 49-52 A change toward value‐based corporate culture in petrobras
by Martin Schwarz & Pedro Tavares - 53-59 EVA and total quality management
by Jeffrey M. Bacidore & John A. Boquist & Todd T. Milbourn & Anjan V. Thakor - 60-66 Purpose, culture, and strategy in banking
by Anjan Thakor - 67-74 Workplace gender diversity and employee turnover
by Aiyesha Dey & Joseph Pacelli & George Serafeim & Fangzhong Liu
June 2023, Volume 35, Issue 3
- 2-3 Banking crisis of 2023 and monetary policy
by John McCormack - 4-6 Depositor discipline and the banking panic of 2023
by Paul Kupiec - 7-17 Depositor discipline and the banking panic of 2023
by Paul Kupiec - 18-36 American Enterprise Institute roundtable on addressing the underlying causes of the banking crisis of 2023: Panelists: Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University; Andrew Levin, Professor, Dartmouth College; Bill Nelson, Chief Economist, Bank Policy Institute; Alex J. Pollock, Senior Fellow, Mises Institute; Moderator: Paul Kupiec, Senior Fellow, American Enterprise Institute
by Paul Kupiec - 37-41 Further reflections on the collapse of the Silicon Valley Bank
by Oonagh McDonald - 42-48 US monetary policy, 2020–23: Putting the quantity theory to the test
by Peter N. Ireland - 49-56 Carl Walter and exposing the brittle facade of Chinese public as well as corporate finance
by Don Chew - 57-62 James Sweeney and micro‐based attempts to make macro relevant
by Donald Chew - 63-72 An assessment of the business roundtable's corporation purpose redefinition
by Timothy Marlo & Timothy T. Perry - 73-77 Internally generated brands: Nestlé’s hidden assets
by Maryam Abdulla Al‐Asmakh
January 2023, Volume 35, Issue 1
- 2-3 A Message from the Editor
by Don Chew - 8-15 The income bond puzzle
by John J. McConnell & Gary G. Schlarbaum - 16-19 The economics of prepackaged bankruptcy
by John J. McConnell & Henri Servaes - 20-26 The origin of LYONs: A case study in financial innovation
by John J. McConnell & Eduardo S. Schwartz - 27-30 Investor base, cost of capital, and new listings on the NYSE
by Gregory B. Kadlec & John J. McConnell - 31-37 Prepacks as a mechanism for resolving financial distress: The evidence
by John J. McConnell & Ronald C. Lease & Elizabeth Tashjian - 38-49 Vanderbilt university roundtable on the capital structure puzzle
by Stewart Myers & John McConnell & Alice Peterson & Dennis Soter & Joel Stern - 50-54 MIPS, QUIPS, and TOPrS: Old wine in new bottles
by Arun Khanna & John J. McConnell - 55-71 A survey of US corporate financing innovations: 1970–1997
by Kenneth A. Carow & Gayle R. Erwin & John J. McConnell - 72-82 Does board independence matter in companies with a controlling shareholder?
by Jay Dahya & Orlin Dimitrov & John J. McConnell - 83-90 CEOs, abandoned acquisitions, and the media
by Baixiao Liu & John J. McConnell - 91-102 Do investment banks have incentives to help clients make value‐creating acquisitions?
by John J. McConnell & Valeriy Sibilkov
September 2022, Volume 34, Issue 4
- 2-3 Message from the Editor
by Don Chew - 8-15 The case for reinventing financial reporting in the 21st century
by Anup Srivastava & Shivaram Rajgopal - 16-21 A positive accounting theorist's take on the end of accounting
by Jerold L. Zimmerman - 22-41 Corporate culture: The interview evidence
by John R. Graham & Jillian A. Grennan & Campbell R. Harvey & Shivaram Rajgopal - 42-50 Rising intangibles, negative cash flows, and corporate funding practices
by David J. Denis & Stephen B. McKeon - 78-84 Driving outperformance: The power and potential of economic profit
by Jeffrey Greene & Greg Milano & Alex Curatolo & Michael Chew - 101-108 Strategic financial management part III: Debt maturity and priority and corporate liquidity
by Fangjian Fu & Clifford W. Smith - 109-112 PVGO and expected stock returns
by Javier Estrada
September 2022, Volume 34, Issue 3
- 2-3 A Message from the Editor
by Don Chew - 8-21 Stewart Myers and the MIT School of Real Options and Capital Structure
by Don Chew & Bennett Stewart - 22-34 Strategic Financial Management Part II: Seasoned Equity Offerings, Corporate Payout Policy, and the Case of Regulated Utilities
by Fangjian Fu & Clifford Smith - 35-50 Collateralized Loan Obligations: A Primer
by John Martin & Akin Sayrak - 51-57 Will Blockchain Be a Big Deal? Reasons for Caution
by Craig Pirrong - 58-63 Texas Private Equity Conference 2022: Session I: The State of and Prospects for U.S. Private Equity
by Rich Hall & Kewsong Lee - 64-71 Texas Private Equity Conference 2022: Session II: The Role of Private Equity and Debt in Reshaping the Ownership, Valuation, and Governance of Private Companies
by Xavier Sztejnberg & Carlos Whitaker & Vanessa Roberts & Phil Canfield & Jeffrey W. Kramer - 72-81 Texas Private Equity Conference 2022: Session III: Space: The Final Investing Frontier
by Brant Arseneau & David Anderman & Gabe Dominocielo & Matthew Kuta & Ken Wiles - 82-87 Should Private Companies Have the Same SEC Disclosure Requirements as Public Companies? A Debate
by Ludovic Phalippou & Gregory Brown - 88-94 After the Tax Breaks Fade: What Executives Need to Know About Transfer Pricing
by S. David Young - 95-109 Plowback in the Constant‐Growth DCF Model
by James L. Canessa & Gregg A. Jarrell - 110-115 Uncertainty in Capital Budgeting: Five Particular Safety‐(or Danger‐) Margins from the NPV Formula
by Richard A. Miller - 116-128 Do You Really Know Your Cost of Capital?
by Matti Keloharju & Juhani Linnainmaa & Peter Nyberg
June 2022, Volume 34, Issue 2
- 2-3 A Message from the Editor
by Don Chew - 8-16 Corporate Governance versus Real Governance
by Ronald J. Gilson - 17-29 The Financial Cost of Carbon
by Patrick Bolton & Zachery Halem & Marcin Kacperczyk - 30-44 Employee Value Added: A New Measure of Gain‐Sharing between Labor and Capital
by Stephen F. O'Byrne & Shivaram Rajgopal - 45-51 How to Settle the Corporate Purpose Debate
by Alfred Rappaport & Michael J. Mauboussin - 52-59 Building Investor Trust in Net Zero
by Ariel Babcock & Allen He & Veena Ramani - 60-64 Missing the Target: A Review of Mark Roe's New Book on U.S. Stock‐Market Short‐Termism
by Tom Gosling - 65-81 The Recent Surge in Money Growth: What Would Milton Friedman Say?
by Peter N. Ireland - 82-99 Recent Monetary History: A Monetarist Perspective
by Brian Kantor - 100-105 The Magic of Finance Capitalism
by Don Chew & Bennett Stewart - 106-114 Introduction to Corporate Finance: What Is It and Why Does It Matter?
by Don Chew & Bennett Stewart
March 2022, Volume 34, Issue 1
- 2-3 A Message from the Editor
by Don Chew - 8-23 Globalization, Corporate Finance, and the Cost of Capital
by René M. Stulz - 24-31 The Limits of Financial Globalization
by René M. Stulz - 32-46 Rethinking Risk Management
by René M. Stulz - 47-57 Risk Management Failures: What Are They and When Do They Happen?
by René M. Stulz - 58-66 How Companies Can Use Hedging to Create Shareholder Value
by René M. Stulz - 67-80 Real Options and Hidden Leverage
by Stewart C. Myers & James A. Read - 81-94 Enterprise Risk Management: Theory and Practice
by Brian W. Nocco & René M. Stulz - 95-105 Risk‐Taking and Risk Management by Banks
by René M. Stulz - 106-117 FinTech, BigTech, and the Future of Banks
by René M. Stulz - 118-128 Merton Miller's Contribution to Modern Finance
by René M. Stulz
December 2021, Volume 33, Issue 4
- 2-3 A Message from the Editor
by Don Chew - 8-23 Interpreting Modern Monetary Reality
by Peter Stella - 24-38 Was Deng Xiaoping Right? A 40‐Year Assessment of China's Adoption of Western Capital Markets
by Carl E. Walter - 39-51 On Monetary Growth and Inflation in Leading Economies, 2021‐2022: Relative Prices and the Overall Price Level
by John Greenwood & Steve H. Hanke - 52-69 American Enterprise Institute Roundtable: Government Policies Reshape the Banking System
by Paul H. Kupiec & Richard Sylla & Alex J. Pollock & Charles W. Calomiris & Bert Ely - 70-75 Will Fractional‐Reserve Stablecoin Banking Replace Bitcoin and Some Traditional Banking Payments?
by Charles W. Calomiris - 76-86 Looking for the Economy‐Wide Effects of Stock Market Short‐Termism
by Mark J. Roe - 87-97 The GameStop Episode: What Happened and What Does It Mean?
by Allan M. Malz
September 2021, Volume 33, Issue 3
- 2-3 A Message from the Editor
by Don Chew - 8-27 IPC Oxford Private Equity Research Symposium
by Gregory Brown & Tim Jenkinson & Robert S. Harris & Petra Bukovec & Victoria Ivashina & Per Johan Strömberg & Fran Kinniry & Alex Rogers - 28-41 Inequality and Progress
by Steven Pinker - 42-58 Capital Structure and Leverage in Private Equity Buyouts
by Greg Brown & Robert Harris & Shawn Munday - 59-94 MILLSTEIN CENTER‐ECGI CONFERENCE ON: Board 3.0: Bringing the Private Equity Model to Public Companies
by Ronald Gilson & Jeffrey N. Gordon & Kathryn Judge & Wei Jiang & Ray Cameron & Victoria Ivashina & Edward Rock & Elisabeth de Fontenay & Les Brun & Yvonne Hao & Christina Maguire & Stephen Fraidin & Brian Murphy & Simon Witney & Sandra Wijnberg & Gabrielle Sulzberger - 95-113 Texas Private Equity Conference
by Jay Hartzell & Bill Gurley & Rich Hall & Ken Wiles & Farah Khan & Drew Sweeney & Brian Hegi & BJ Loessberg & Jim Nolen - 114-124 Downsizing and Value Creation at General Dynamics: A PE‐Like Solution for Industries That Must Shrink
by Jay Dial & Kevin J. Murphy - 125-129 The Seven Deadly Sins of Start‐Up Valuation
by Franck Bancel & Bruno Martinaud & Henri Philippe - 130-139 Misreading Michael Jensen: The Case of Nicholas Lemann's Transaction Man: The Rise of the Deal and the Decline of the American Dream
by Don Chew
June 2021, Volume 33, Issue 2
- 2-3 A Message from the Editor
by Don Chew - 8-23 Enlightenment Environmentalism: A Humanistic Response to Climate Change
by Steven Pinker - 24-40 Corporate Resilience and Response to COVID‐19
by Alex Cheema‐Fox & Bridget R. LaPerla & Hui (Stacie) Wang & George Serafeim - 41-94 IESE ECGI CONFERENCE ON CORPORATE PURPOSE: Can Purpose Deliver Better Corporate Governance?
by Colin Mayer & Luigi Zingales & Patrick Bolton & Sophie L'Helias & Bengt Holmström & Paul Polman & Claudine Gartenberg & Caroline Flammer & Rebecca Henderson & Jordi Gual & Baroness Denise Kingsmill & Juvencio Maeztu & José Viñals & Jordi Canals & Marco Becht - 95-111 A Deeper Look at the Return on Purpose: Before and During a Crisis
by Greg Milano & Riley Whately & Brian Tomlinson & Alexa Yiğit - 112-120 ESG in Emerging Markets: The Value of Fundamental Research and Constructive Engagement in Looking beyond ESG Ratings
by Mark Mobius & Usman Ali - 121-136 Capital Allocation and Corporate Strategy: An Examination of the Oil & Gas Majors
by Andrew Inkpen & Michael H. Moffett & Kannan Ramaswamy
March 2021, Volume 33, Issue 1
- 2-3 A Message from the Editor
by Don Chew - 8-21 Risk Capital: Theory and Applications
by Isil Erel & Stewart C. Myers & James A. Read - 22-35 Strategic Financial Management: Lessons from Seasoned Equity Offerings
by Fangjian Fu & Clifford W. Smith - 36-47 American Enterprise Institute Roundtable: Was Milton Friedman Right about Shareholder Capitalism?
by Clifford Asness & Glenn Hubbard & Martin Lipton & Michael R. Strain - 48-57 Should Shareholders Have a Say on Acquisitions?
by Marco Becht & Andrea Polo & Stefano Rossi - 58-67 Value‐Added Per Share (VAPS): A Value‐Relevant Corporate Performance Metric
by Shivaram Rajgopal & Alfred Rappaport - 68-84 The Relationship between Shareholder Return and CEO Pay over a CEO's Full Period of Service
by Ron Schmidt - 85-97 Implications of Short Selling for Corporate Finance
by Sanjay Deshmukh & Keith M. Howe & Keith Jacks Gamble - 98-110 The Pragmatic Theory of the Firm
by Bartley J. Madden - 111-120 A Practitioners’ Guide to Leverage through Downturns
by Joshua Ruben - 121-133 Making Economics More Useful: How Technological Eclecticism Could Help
by Amar Bhidé
December 2020, Volume 32, Issue 4
- 2-3 A Message from the Editor
by Don Chew - 8-16 Rethinking Macro Measurement
by James Sweeney - 17-33 The First Modern Financial Crises: The South Sea and Mississippi Bubbles in Historical Perspective
by Robert F. Bruner & Scott C. Miller - 34-43 Convergence and Reversion: China's Banking System at 70
by Carl Walter - 44-48 Apocalypse Averted: The COVID‐Caused Liquidity Trap, Dodd‐Frank, and the Fed
by Craig Pirrong - 49-67 The Poverty of Monetarism
by Patrick Bolton - 68-81 COLUMBIA BUSINESS SCHOOL ROUNDTABLE ON Broken Models of Public Finance
by Jared Bernstein & Paul B. Kazarian & Shiva Rajgopal - 82-89 COLUMBIA BUSINESS SCHOOL ROUNDTABLE ON: The Fed's Response to the Global Financial Crisis—and Now the Pandemic
by Frederic Mishkin & Patricia Mosser & Kate Davidson & Pierre Yared - 90-104 The Euro @ 20: How Economic and Financial “Asymmetries” Marred the Promise of the Single Currency
by George Alogoskoufis & Laurent Jacque - 105-116 The Benefits of Buying Distressed Assets
by Jean‐Marie Meier & Henri Servaes - 117-126 Using ESG to Enhance Fixed‐Income Returns: The Case of Inherent Group
by Nikhil Mirchandani & Chelsea Rossetti - 127-130 The Economic (Not Literary) Offenses of Michael Lewis: The Case of The Big Short and the Global Financial Crisis
by Don Chew
September 2020, Volume 32, Issue 3
- 2-3 A Message from the Editor
by Don Chew - 8-20 Private Equity: Accomplishments and Challenges
by Greg Brown & Bob Harris & Tim Jenkinson & Steve Kaplan & David Robinson - 21-42 Private Equity and Portfolio Companies: Lessons from the Global Financial Crisis
by Shai Bernstein & Josh Lerner & Filippo Mezzanotti - 43-51 Board 3.0: What the Private‐Equity Governance Model Can Offer Public Companies
by Ronald J. Gilson & Jeffrey N. Gordon - 52-72 The Growing Blessing of Unicorns: The Changing Nature of the Market for Privately Funded Companies
by Keith C. Brown & Kenneth W. Wiles - 73-86 EQT: Private Equity with a Purpose
by Robert G. Eccles & Therése Lennehag & Nina Nornholm - 87-91 Private Equity and the COVID‐19 Economic Downturn: Opportunity for Expansion?
by David Haarmeyer - 92-99 University of Texas Roundtable on LP Perspectives on the State of Private Equity
by Ken Wiles & Tom Tull & Chris Halaska & Shelby Wanstrath & Russell Valdez - 100-107 Columbia Law School Roundtable on Public Aspects of Private Equity
by Emily Mendell & Donna Hitscherich & Chris Cozzone & Aamir A. Rehman - 108-117 A CEO's Playbook for Creating Long‐Term Value: Ten Essential Resource Allocation Practices
by Harry M. Kraemer & Michael J. Mauboussin & Alfred Rappaport - 118-127 A Tale of Leadership in Value Creation
by Greg Milano - 128-136 What Public Companies Can Learn from Private Equity Pay Plans
by Stephen F. O'Byrne
June 2020, Volume 32, Issue 2
- 2-3 A Message from the Editor
by Don Chew - 10-23 China's Economy Is Not Overtaking America's
by Michael Beckley - 24-30 An Honorable Harvest: Universal Owners Must Take Responsibility for Their Portfolios
by Frederick Alexander - 31-41 Global Public‐Private Investment Partnerships: A Financing Innovation with Positive Social Impact
by Patrick Bolton & Xavier Musca & Frédéric Samama - 42-63 Columbia Law School Roundtable on The Future Of Capitalism
by Paul Collier & Colin Mayer & Alan Schwartz & Kristin Bresnahan & Steve Pearlstein - 64-71 Sustainability at Walmart: Success over the Long Haul
by Katherine Neebe - 72-77 How One Company Drives Ownership Behavior to Innovate and Create Shareholder Value: The Case of Varian Medical Systems
by J. Michael Bruff & Marwaan Karame - 78-84 Attracting Long‐Term Shareholders
by Sarah Keohane Williamson & Ariel Babcock - 85-99 Embedding Sustainability Performance and Long‐Term Strategy in the Earnings Call
by Kevin Eckerle & Tensie Whelan & Brian Tomlinson - 100-107 Using the Return on Sustainability Investment (ROSI) Framework to Value Accelerated Decarbonization
by Kevin Eckerle & Tensie Whelan & Bryan DeNeve & Sameer Bhojani & John Platko & Rebecca Wisniewski - 108-116 “Non‐Financial” Is a Misnomer, but Doesn't Have to Be a Missed Opportunity
by Gail Glazerman & Jeff Cohen - 117-125 A Preliminary Analysis of SASB Reporting: Disclosure Topics, Financial Relevance, and the Financial Intensity of ESG Materiality
by Cristiano Busco & Costanza Consolandi & Robert G. Eccles & Elena Sofra
March 2020, Volume 32, Issue 1
- 2-3 A Message from the Editor
by Don Chew - 8-13 Economics and Ethics: The Case of Salomon Brothers
by Clifford Smith - 14-35 UNIVERSITY OF GEORGIA ROUNDTABLE ON: Enterprise‐Wide Risk Management
by James Verbrugge & Greg Niehaus & Walter Coleman & Keith Lawder & Cliff Smith & Christie Briscoe & Sailesh Ramamurtie & Don Chew - 36-47 Risk and Regulation in Derivatives (or Why Derivatives Are a Blessing, Not a Curse)
by Ludger Hentschel & Clifford Smith - 48-57 Corporate Insurance Strategy: The Case of British Petroleum
by Neil A. Doherty & Clifford Smith - 58-79 UNIVERSITY OF ROCHESTER ROUNDTABLE ON Bankruptcy vs. Bailouts: The Case of General Motors and the U.S. Auto Industry
by Thomas Jackson & James Brickley & Clifford Smith & Charlie Hughes & Joel Tabas & Mark Zupan - 80-91 The Capital Structure Puzzle: Another Look at the Evidence
by Michael J. Barclay & Clifford Smith - 92-107 MORGAN STANLEY ROUNDTABLE ON Capital Structure and Payout Policy
by Clifford Smith & David Ikenberry & Arun Nayar & Jon Anda & Henry McVey & Bennett Stewart