Journal of Applied Corporate Finance

Issue Number

Latest documents

• James Sweeney and micro‐based attempts to make macro relevant
• An assessment of the business roundtable's corporation purpose redefinition
• Carl Walter and exposing the brittle facade of Chinese public as well as corporate finance
• US monetary policy, 2020–23: Putting the quantity theory to the test
• Banking crisis of 2023 and monetary policy
• Further reflections on the collapse of the Silicon Valley Bank
• Depositor discipline and the banking panic of 2023
• Internally generated brands: Nestlé’s hidden assets*
• American Enterprise Institute roundtable on addressing the underlying causes of the banking crisis of 2023
• Depositor discipline and the banking panic of 2023

Featured documents

• Valuing Emerging Market Equities—A Pragmatic Approach Based on the Empirical Evidence
• How Has Takeover Competition Changed Over Time?

  Since the boom in takeovers in the 1980s, research in both law and financial economics has debated the role of takeover impediments such as poison pills, staggered boards, and state antitakeover laws. Have these impediments entrenched target management to the detriment of shareholders? Or have they ...

• A Look Back at the Beginnings of EVA and Value‐Based Management

  In this interview conducted five years ago, one of the pioneers of value‐based management discusses his life's work in converting principles of modern finance theory into performance evaluation and incentive compensation plans that have been adopted by many of the world's largest and most...

• IESE ECGI CONFERENCE ON CORPORATE PURPOSE: Can Purpose Deliver Better Corporate Governance?

  The inaugural dean of Oxford University's Said Business School and academic director of the British Academy's Future of the Corporation program begins by identifying four alternatives to Milton Friedman's Shareholder Value doctrine: (1) enlightened shareholder value maximization; (2) stakeholder...

• COLUMBIA BUSINESS SCHOOL ROUNDTABLE ON Broken Models of Public Finance

  Joe Biden's chief economic adviser joins a proactive investor who was one of the largest private investors in Greek government bonds in dispelling a number of widespread misconceptions about public finance and sovereign debt, with particular focus on the inadequacies of the conventional measures...

• American Enterprise Institute Roundtable: Government Policies Reshape the Banking System

  The U.S. federal government response to the 2008 financial crisis, including new laws, prudential regulations, and Federal Reserve monetary policies, has left a lasting impact on the U.S. banking industry. Along with a nearly 50% drop in the number of independent depository institutions since 2000, ...

• On Monetary Growth and Inflation in Leading Economies, 2021‐2022: Relative Prices and the Overall Price Level

  In the United States and numerous other economies, we are witnessing a flood of ad hoc explanations for inflation. These deal primarily with supply chain issues that have arisen since the COVID‐19 pandemic and the reopening of economies. There is a widespread view among officials at the Federal...

• The Poverty of Monetarism

  In this edited transcript of a lecture presented in Beijing in December 2019, the author provides a critique of the theory of monetarism that focuses on the difficulty of reconciling its main tenets with growing evidence, especially since the great financial crisis, of the murky relationship...

• Interpreting Modern Monetary Reality

  During the 1990s and 2000s, the quantity theory of money (QTM) fell out of favor both among policymakers and academics. Central bankers almost universally adopted short‐term interest rates as their policy instruments while money was often dropped entirely from the dominant theoretical macro models. ...

• Employee Value Added: A New Measure of Gain‐Sharing between Labor and Capital

  Most investors are aware of economic profit concepts that compare company profits with the opportunity cost of the capital used to generate those profits, but few investors try to compute similar value added measures for employees, or to assess whether employee value added is aligned with investor...