Bloomberg Intelligence Roundtable on The Theory and Practice of Capital Structure Management

• DOI: http://doi.org/10.1111/jacf.12263
• Published date: 01 December 2017
• Date: 01 December 2017

In This Issue: Financial Regulation

Has Financial Regulation Been a Flop? (or How to Reform Dodd-Frank) 8Charles W. Calomiris, Columbia University

Statement of the Financial Economists Roundtable

Bank Capital as a Substitute for Prudential Regulation

25 Charles W. Calomiris, Columbia University; Larry Harris, Uni-

versity of Southern California; Catherine Schrand, University

of Pennsylvania; Roman L. Weil, University of Chicago

High Frequency Trading and the New Stock Market:

Sense and Nonsense

30 Merritt B. Fox, Columbia Law School, Lawrence R. Glosten,

Columbia Business School, and Gabriel V. Rauterberg,

Michigan Law School

Shadow Banking, Risk Transfer, and Financial Stability 45 Christopher L. Culp, Johns Hopkins Institute for Applied

Economics, and Andrea M. P. Neves, Seven Consulting

Why European Banks Are Undercapitalized and What Should Be Done About It 65 John D. Finnerty, Fordham University, and

Laura Gonzalez, California State University, Long Beach

Bloomberg Intelligence Roundtable on

The Theory and Practice of Capital Structure Management

72 Participants: Clifford Smith, Gregory Milano, Joel Levington,

Asthika Goonewardene, Gina Martin Adams, Michael

Holland, and Jonathan Palmer. Moderated by Don Chew.

Leverage and Taxes: Evidence from the Real Estate Industry 86 Michael J. Barclay, University of Rochester,

Shane M. Heitzman, University of Southern California,

Clifford W. Smith, University of Rochester

Formulaic Transparency: The Hidden Enabler of Exceptional U.S. Securitization 96 Amar Bhidé, Tufts University

How Investment Opportunities Affect Optimal Capital Structure 112 Stanley Myint, BNP Paribas and University of Oxford,

Antonio Lupi, BNP Paribas, and Dimitrios P. Tsomocos,

University of Oxford

How to Integrate ESG into Investment Decision-Making:

Results of a Global Survey of Institutional Investors

125 Robert G. Eccles, Arabesque Partners, and

Mirtha D. Kastrapeli, and Stephanie J. Potter, State Street

Maximum Withdrawal Rates: A Novel and Useful Tool 134 Javier Estrada, IESE Business School

VOLUME 29 | NUMBER 4 | FALL 2017

APPLIED CORPORATE FINANCE

Journal of

72 Journal of Applied Corporate Finance • Volume 29 Number 4 Fall 2017

Bloomberg Intelligence Roundtable on

The Theory and Practice of Capital Structure Management

Bloomberg Headquarters | New York City | October 25, 2017