Corporate finance and governance: cases, materials, and problems for an advanced course in corporations
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Format: | Buch |
Sprache: | English |
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Durham, NC
Carolina Academic Press
2006
|
Ausgabe: | 3. ed. |
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Beschreibung: | XXX, 1011 S. |
ISBN: | 1594601623 |
Internformat
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245 | 1 | 0 | |a Corporate finance and governance |b cases, materials, and problems for an advanced course in corporations |c Lawrence E. Mitchell ; Lawrence A. Cunningham ; Jeffrey J. Haas |
250 | |a 3. ed. | ||
264 | 1 | |a Durham, NC |b Carolina Academic Press |c 2006 | |
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650 | 4 | |a Corporate governance |x Law and legislation |z United States |v Cases | |
650 | 4 | |a Corporation law |z United States |v Cases | |
650 | 4 | |a Corporations |x Finance |x Law and legislation |z United States |v Cases | |
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Datensatz im Suchindex
_version_ | 1804135254649208832 |
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adam_text | Contents
Table of Cases
xix
Preface to the Third Edition
xxv
Acknowledgments
xxix
Introduction and Problem
—
The Enormous Room
3
Problem
4
Chapter
1
The Corporate Form: Theories and Consequences
7
Section
1.
The Ownership Model
8
Trustees of Dartmouth College v. Woodward
8
Questions
10
Dodd, For Whom Are Corporate Managers Trustees?
11
Questions
15
Note on Unocal Corp. v. Mesa Petroleum Co.,
Revlon,
Inc. v. MacAndrews
&
Forbes Holdings, Inc. and
Paramount Communications, Inc. v. Time Incorporated
15
Question
17
American Law Institute, Principles of Corporate Governance:
Analysis and Recommendations
17
Question
17
Section
2.
Economic Theories: The Agency/Contract Model
17
Fama,
Agency Problems and the Theory of the Firm
19
Questions
23
Easterbrook
&
Fischel, The Corporate Contract
24
Question
26
O Melinn, Neither Contract Nor Concession: The Public Personality
of the Corporation
26
Williamson, Corporate Governance
27
Question
29
Section
3.
The Neo-Traditional Response
29
Clark, Agency Costs versus Fiduciary Duties
29
Questions
33
Problems
33
Section
4.
Corporate Form and Corporate Governance: The Current Debate
33
Bebchuk, The Debate on Contractual Freedom in Corporate Law
33
Note
35
Dallas, Two Models of Corporate Governance: Beyond
Berle
and Means
35
O Melinn, Neither Contract Nor Concession: The Public Personality
of the Corporation
37
Section
5.
Close Corporations: A
Different
Result?
-· 40
Donahue
v. Rodd
Electrotype Co. of New England
* 40
Mitchell, Close Corporations Reconsidered
43
Questions
44
Chapter
2
Limited Liability
—
A Central Problem in Corporate Finance
45
Section
1.
The Basic Conflict between Creditors and Stockholders
45
Manning and Hanks, A Concise Textbook on Legal Capital
45
Note
50
Problem
—
The Term Sheet
51
Section
2.
The Origins and Purposes of Limited Liability
51
Mitchell, Close Corporations Reconsidered
51
Halpern, Trebilcock
& Turnbull, An
Economic Analysis
of Limited Liability in Corporate Law
55
Easterbrook
&
Fischel, Limited Liability and the Corporation
58
Stone, The Place of Enterprise Liability in the Control
of Corporate Conduct
60
Problem
—
The Policy of Limited Liability
62
Section
3.
Legal Limitations
—
Limited Liability and Corporate Structure
63
a. Veil Piercing under Corporate Law
64
(i) Traditional Veil Piercing
64
Problem
—
Structuring the Corporation
64
Favour Mind Ltd. v. Pacific Shores, Inc.
64
Notes and Questions
69
(ii) Reverse Veil Piercing
73
Notes and Questions
75
b. Lender s Liability for Corporate Debts
76
Problem
—
Lender s Liability for Corporate Debts
76
Krivo
Indus. Supply Co. v. Nat l Distillers
&
Chem.
Corp.
77
Notes and Questions
84
Section
4.
Limited Liability and Environmental Claims
85
a. Owner and Operator under
CERCLA
85
U.S. v. Bestfoods
85
Notes and Questions
88
b. Successor Liability under
CERCLA
91
North Shore Gas Co. v. Salomon, Inc.
91
Notes and Questions
98
с
Lender Liability for Environmental Claims
98
Monarch Title, Inc. v. City of Florence
98
Notes and Questions
101
Chapter
3
Valuation
105
Section
1.
Introduction to Valuation
106
a. The Idea of Capital
106
b. The Idea of Valuation
107
Notes and Questions
109
Section
2.
Risk and Return
110
a. Introduction to Risk and Return 111
b. Return as a Function of Present Value
112
(і)
Future
Value
112
(ii)
Present Value
115
(A) Present Value of a Lump Sum
115
(B) Present Value of an Annuity
117
(1)
Ordinary Annuity
118
(2)
Annuity Due
119
Problems
121
с
Risk as a Function of Probability
121
Section
3.
Valuation Methods: Putting Risk and Return to Work
127
a. A Brief Introduction to Basic Accounting Principles
128
Problem
—
Smith Drugstores, Part I
131
b. Valuation Methods
132
(i) Balance Sheet Based Valuation
132
(A) Book Value
132
(B) Adjusted Book Value
136
(C) Net Asset Value
136
(ii) Income Statement Based Valuation
137
Problem
—
Smith Drugstores, Part II
141
(iii)
Cash Flow Based Valuation
142
(A) Dividend Discount Model
142
(B) Discounted Cash Flow Method
149
с
Capital Budgeting
150
Questions
151
Section
4.
Fundamental Valuation in Legal Context
151
a. Valuation in Appraisal Proceedings
152
(i) Valuation Methodology
152
(A) Historical Context
152
Notes and Questions
159
(B) Modern Application
163
Le
Beau v. M.G. Bancorporation, Inc.
163
Notes and Questions
171
(ii) Minority and Marketability Discounts
175
Problem
—
Smith Drugstores, Part III
175
Cavalier Oil Corp. v. Harnett
175
Question
178
Pueblo Bancorporation v. Lindoe, Inc.
178
Notes and Questions
184
(iii)
Synergies and Other Benefits of the Merger
187
Cede
&
Co. v. Technicolor, Inc.
187
Notes and Questions
192
(iv)
Exclusivity of Appraisal Rights
194
Cede and Co. v. Technicolor, Inc.
194
Notes and Questions
200
Problem
—
Providing Appraisal Rights
202
b. Valuation by Agreement
202
Problem
—
Smith Drugstores, Part IV
203
Allen v. Biltmore Tissue Corp.
203
Note
206
Helms v. Duckworth
207
Notes
210
c.
Valuation in Other Legal Contexts ^
212
Donahue v. Draper
212
Questions
216
Nardini v. Nardini
217
Notes and Questions
220
Sections. Market-Based Valuation
221
a. Portfolio Theory
222
Problem
—
Portfolio Theory and Corporate Governance
222
(i) Appetites for Risk
223
(ii) Risk Reduction by Diversification
224
(iii)
The Efficient Frontier
226
(iv)
Lending and Borrowing
227
(v) Practical Consequences
228
b. Capital Asset Pricing Model
229
Problem
—
Smith Drugstores, Part V
230
(i) Derivation and Meaning of CAPM
231
(ii) Applications
233
(iii)
Assumptions Underlying CAPM
235
(iv)
Empirical Testing of CAPM
237
(v) CAPM in Court
239
Cede
&
Co. v. Technicolor, Inc.
239
Notes and Questions
241
с
Efficient Capital Market Hypothesis
242
(i) Fraud-on-the-Market Theory
242
Basic, Inc.
v. Levinson
242
Questions
251
Kaufman
v. i-Stat
Corp.
251
(ii) The Roots and Meaning of the ECMH
258
(iii)
Empirical State of Play
262
(iv)
Noise Theory
264
Questions
265
d. Behavioral Finance
265
Cunningham, Behavioral Finance and Investor Governance
265
Notes and Questions
271
Note: Post-Modern Finance Theory
274
Chapter
4
Managing Risk (Hedging) with Derivatives
277
Section
1.
Types of Derivative Instruments
278
a. Options
278
(i) Overview
278
(ii) Options Used for Hedging: An Example
281
(iii)
Options Used for Speculation: An Example
282
(iv)
Option Pricing Theory
282
Notes and Questions
284
b. Forwards
285
(i) Overview
285
(ii) Forward Price
285
(iii)
Counterparty Credit Risk
286
c.
Futures
286
d.
Swaps
288
Section
2.
The Spectrum from Hedging to Speculation
290
Notes and Questions
291
Long Term Capital Management
291
Cunningham, Outsmarting the Smart Money
291
Sections. Judicial Analysis of Derivatives
294
a. Contractual Interpretation
294
Eternity Global Master Fund Ltd. v. Morgan Guaranty
Trust Co.
294
Note
299
b. Derivatives and Fiduciary Duties
299
Brane
v. Roth
299
Notes and Questions
301
с
Derivatives as Securities
302
In the Matter of
ВТ
Securities Corporation
302
Notes and Questions
308
Jurisdictional Turf Wars
309
Procter
&
Gamble Co. v. Bankers Trust Co.
311
Caiola v. Citibank, N.A.
320
d. Accounting for Derivatives
326
Enron, Derivatives and Accounting
327
Cunningham, The Sarbanes-Oxley Yawn: Heavy Rhetoric,
Light Reform (And It Might Just Work)
327
Chapter
5
The Rights of Contract Claimants
—
Part
1 :
Holders of Debt Securities
329
Section
1.
The Concept and Consequences of Leverage
330
Graham, Dodd
&
Cottle, Security Analysis
330
Klein
&
Coffee, Business Organization and Finance
334
Notes and Questions
337
Section
2.
The Characteristics of Debt
338
a. Types and General Attributes
338
Klein and Coffee, Business Organization and Finance
338
Questions
341
b. The Changing Nature of Corporate Debt
341
(i) Generally
341
Klein and Coffee, Business Organization and Finance
341
(ii) The Rise (and Fall?) of High-Yield Debt Securities
342
Pitt and Groskaufmanis, A Tale of Two Instruments:
Insider Trading in Non-Equity Securities
342
Note
344
Comment, Junk Bonds: Do They Have a Value?
346
Booth, Junk Bonds, the Relevance of Dividends
and the Limits of Managerial Discretion
347
Notes and Questions
348
Section
3.
Valuation of Debt Securities
351
Section
4.
The Legal Treatment of Debtholders
352
a. Debtholders as Contract Claimants
353
Simons
v.
Cogan ƒ 353
Questions
*
ЪЪ1
Pitt and Groskaufmanis, A Tale of Two Instruments:
Insider Trading in Non-Equity Securities
358
Questions
361
b. Interpreting the Debt Contract
361
(i) Key Contractual Terms and Protective Provisions
361
A. The Promise to Pay and Provisions Designed to Support It
361
B. Ranking
362
С
Covenants
363
D. Redemption
365
E. Events of Default
366
Problem
—
Balancing the Rights of Debtholders and
Stockholders in the Bond Indenture
367
(ii) Judicial Interpretation of the Debt Contract
369
Sharon Steel Corp. v. Chase Manhattan Bank, N.A.
369
Note and Questions
377
Rudbart v. North Jersey District Water Supply
Commission
378
Note on Zero Coupon Debt Securities
388
Morgan Stanley
&
Co., Inc. v. Archer Daniels
Midland Co.
389
Notes and Questions
397
с
Implied Covenant of Good Faith and Fair Dealing
399
Katz v. Oak Industries Inc.
399
Notes and Questions
406
Problem
—
Coercing Bondholders
407
DeMott, The Biggest Deal Ever
407
Metropolitan Life Ins. Co.
v. RJR
Nabisco, Inc.
408
Denouement
422
Notes and Questions
424
Problem
—
Negotiating and Drafting Event Risk Protection
436
d. The Right to Sue
437
(i) Derivative Suits
437
Hoff
v. Sprayregan
437
Notes and Questions
440
Harff v. Kerkorian
440
Notes and Questions
443
American Law Institute Principles of Corporate
Governance: Analysis and Recommendations
446
Questions
448
(ii) Contractual Limitations
448
Problem
—
Standing to Sue
448
American Bar Foundation Commentaries on
Model Debenture Indenture Provisions
449
Simons v. Cogan
450
Problem
—
The Extra-Contractual Rights of Bondholders
451
Rabinowitz v. Kaiser-Frazer Corp.
452
Notes and Questions
457
Problem—
Collective Action
by Bondholders
458
Section
5.
Other Participants in Debt Offerings
458
a. Underwriter
458
b. Indenture Trustee
459
(i) Trustee as Competing Creditor
464
Morris v. Cantor
464
Questions
467
(ii) Breach of Fiduciary Duty under State Law
468
Broad v. Rockwell International Corporation
468
(iii)
Pre-Default Duties of a Trustee under the
TIA
469
Elliott Assoc. v. J. Henry Schroder Bank
&
Tr. Co.
469
Note
474
(iv)
Loyalty to Debtholders
475
Rabinowitz v. Kaiser-Frazer Corp.
475
U.S. Trust Co. of New York v. First Nat l City Bank
475
Harriet
&
Henderson Yarns, Inc. v. Castle
478
Notes and Questions
483
Problem
—
The Duties of the Indenture Trustee
483
с
Rating Agencies
483
Questions
486
Section
6.
The Bankruptcy Rights of Debtholders
486
a. Introduction
486
b. Operating in the Vicinity of Insolvency
486
Pepper v. Litton
486
Notes and Questions
490
с
The Options Available to a Financially Troubled Corporation
492
d. Why Allow a Failed Business to Reorganize?
499
Roe, Bankruptcy and Debt: A New Model for Corporate
Reorganization
499
Baird and Jackson, Corporate Reorganization and the Treatment
of Diverse Ownership Interests: A Comment on Adequate Protection
of Secured Creditors in Bankruptcy
501
Roe, Bankruptcy and Debt: A New Model for Corporate
Reorganization
502
Notes and Questions
503
e. Fundamental Bankruptcy Concepts
504
(i) Automatic Stay and Adequate Protection
504
Baird and Jackson, Corporate Reorganization and the
Treatment of Diverse Ownership Interests: A Comment
on Adequate Protection of Secured Creditors in Bankruptcy
504
(ii) Absolute Priority Rule and Cram Down
506
Consolidated Rock Products Co.
v. Du Bois
506
Notes and Questions
513
Kham
&
Nate s Shoes No.
2,
Inc. v. First Bank of Whiting
516
Bank of America Nat l Trust v.
203 N.
LaSalle St. Partnership
521
Notes
528
In re Zenith Electronics Corp.
529
Baird and Jackson, Bargaining after the Fall and the Contours
of the Absolute Priority Rule
535
11
U.S.C.
§1129 (2005) ,
5Ъ7
A Note on the Bankruptcy Abuse Prevention and Consumer
Reform Act of
2005 539
(iii)
Equitable Subordination
540
Problem
—
Reorganizing the Troubled Debtor
542
(iv)
Fraudulent Conveyance
544
Uniform Fraudulent Transfer Act
(1984)
Selected Provisions
545
Section
7.
Legislative Responses to the Plight of Debtholders
546
Problem
—
Bondholder Protective Legislation
546
Section
8.
Advanced Debt Topics
550
a. Application of Fraudulent Conveyance Statutes to
Leveraged Acquisitions
550
Problem—The
LBO
That Failed
550
Pay N
Pak
Stores, Inc. v. Court Square Capital Ltd.
552
ProtoComm Corp. v. Novell, Inc.
554
Notes and Questions
558
b. Asset-Backed Securitization
567
Major s Furniture Mart, Inc. v. Castle Credit Corp., Inc.
570
Ziggy Stardust Plays the Market
582
Questions
582
Chapter
6
The Rights of Contract Claimants
—
Part
2:
Preferred Stock
585
Section
1.
The Characteristics of Preferred Stock
586
Klein and Coffee, Business Organization and Finance
586
Notes and Questions
589
Problem
—
Drafting and Negotiating the Preferred Stock Contract
589
Optional Problem
—
Valuing Preferred Stock
590
Section
2.
Dividends and Voting
591
Gutmann
ν.
Illinois Central R. Co.
591
Notes and Questions
594
Baron v. Allied Artists Pictures Corporation
596
Notes and Questions
601
Section
3.
Repurchases, Redemptions, Conversions and Liquidations
602
Problem
—
Recapitalizing a Distressed Corporation
602
The
De
Facto Merger Doctrine
602
In re Sunstates Corp. Shareholders Litigation
603
Note
606
Rauch
v. RCA
Corp.
606
Notes and Questions
609
Elliot Associates, L.P. v. Avatex
613
Notes and Questions
619
Section
4.
The Extra-Contractual Rights of Preferred Stockholders
619
Problem
—
Structuring a Merger
619
Dalton
ν.
American Investment Co.
620
Questions
631
Jedwab
ν.
MGM Grand Hotels, Inc.
632
Questions
644
In re FLS Holdings Inc. Shareholders Litigation
644
Questions
649
Mitchell,
The Puzzling Paradox of Preferred Stock (And Why
We Should Care About It)
651
Chapter
7
The Rights of Contract Claimants—Part
3:
Convertible Securities
661
Section
1.
Economics of Convertible Securities
661
Section
2.
Justifications for Convertible Securities
667
Klein, The Convertible Bond: A Peculiar Package
668
Questions
670
Problem
—
Financing with Convertible Bonds
670
Section
3.
Obligation of the Corporation to Protect Conversion Rights
671
a. Fiduciary Duties
671
Simons v. Cogan
672
b. Contractual Rights
672
(i) Notice of Redemption
672
Van Gemert v. Boeing Co.
672
Notes and Questions
678
(ii)
Antidilution
684
(A) Stock Splits and Reverse Stock Splits
684
Reiss v. Financial Performance Corp.
686
Notes and Questions
688
(B) Cheap Stock
692
(C) Distribution of Assets and Evidences of Indebtedness
693
HB Korenvaes Investments, L.P. v. Marriott Corp.
694
Note
711
(iii)
Antidestruction
712
Wood
v.
Coastal States Gas Corp.
712
Notes and Questions
720
Problem
—
Interpreting the Convertible Debenture Contract
723
(iv)
Contractual Example
724
Revised Model Simplified Indenture
724
Chapters The Rights of Ownership Claimants
—
Part
1:
General Concepts
737
Section
1.
The Nature of Fiduciary Duty
738
Easterbrook
&
Fischel, Corporate Control Transactions
738
Mitchell, The Death of Fiduciary Duty in Close Corporations
740
Questions
741
Section
2.
The Declaration and Payment of Dividends
741
a. Legal Capital Rules
742
Problem
—
Legal Restrictions on Dividends
744
1
Revised Model Business Corporation Act Annotated
745
Note
749
b. A
Board s Ability to Declare a Dividend
749
Gabelli
&
Co. v. Liggett Group, Inc.
749
Questions
753
Baron v. Allied Artists Pictures Corp.
755
Section
3.
Dividend Policy
755
Problem
—
Walton Sporting Goods
756
a. Theories of Dividend Policy
757
Notes
and Questions
ƒ 761
b.
Practical Issues in Dividend Policy
* 763
Notes and Questions
766
с
Dividends of Property and Securities
768
Anadarko Petroleum Co. v. Panhandle Eastern Corporation
770
Notes and Questions
775
Isquith v. Caremark International, Inc.
776
Note on Tracking Stock: The Internal Spin-Off
780
Section
4.
Redemptions and Repurchases
781
a. Statutory Treatment
782
b. Purpose
782
с
Federal Regulation
783
(i) Open Market Repurchases
784
(ii) Self-Tender Offers
784
(A) Issuer Tender Offers
784
(B) Going Private Transactions
785
d. Fiduciary Duties
785
Kahn
v.
U.S. Sugar Corp.
785
Grobów
v.
Perot
790
Note and Questions
795
Lowenstein, Management Buyouts
796
Section
5.
Preemptive Rights and Dilution
798
Introductory Note and Problem
798
Katzowitz v. Sidler
800
Note and Question
804
Frantz Mfg. Co. v. EAC Industries
805
Notes and Questions
810
Ziegler v. American Maize-Products Co.
811
Section
6.
Recapitalizations and Restructurings
813
Problem
—
Restructuring and the Minority Stockholder
813
Jones v. H. F. Ahmanson
&
Co.
814
Questions
820
Leader v. Hycor, Inc.
821
Notes and Questions
824
Note: The One Share, One Vote Debate
826
Section
7.
Fiduciary Duty and Corporate Democracy
828
Blasius Industries, Inc. v. Atlas Corporation
829
Notes and Questions
836
Chapter
9
The Rights of Ownership Claimants
—
Part
2:
Mergers and Acquisitions
839
Section
1.
The Duty of Care and the Business Judgment Rule
839
a. A Board s Decision to Sell the Company
839
Cede
&
Co. v. Technicolor, Inc.
842
Cinerama, Inc. v. Technicolor, Inc.
845
Notes and Questions
854
b. A
Board s Decision to Purchase a Company
854
Ash v. McCall
854
Note
861
Hewlett v. Hewlett-Packard
Co.
861
Notes and Questions
868
Section
2.
The Duty of Loyalty
868
a. A Board s Decision to Sell the Company
868
Paramount Communications Inc.
v. QVC
Network Inc.
871
Notes and Questions
884
b. A Board s Ability to Adopt Defensive Strategies
885
(i) General Standard
886
Problem
—
Repelling the Hostile Tender Offer
886
Unocal Corp. v. Mesa Petroleum Co.
889
Notes and Questions
896
Problem
—
Defensive Repurchases
902
Paramount Communications, Inc. v. Time, Inc.
903
Notes and Questions
918
(ii) Poison Pills
920
City Capital
Assoes,
v. Interco
Inc.
920
Notes and Questions
930
Carmody v. Toll Brothers, Inc.
931
Quickturn Design Systems, Inc. v. Shapiro
935
Note
936
(iii) Greenmail
936
Heckmann
v.
Ahmanson
936
Macey and McChesney, A Theoretical Analysis
of Corporate Greenmail
939
Notes and Questions
942
Problem
—
Legislating Against Greenmail
944
(iv)
Deal Protection Measures
944
ACE Limited v. Capital Re Corp.
945
Omnicare, Inc.
v. NCS
Healthcare, Inc.
949
с
Transactions with Controlling Stockholders
958
Problem
—
Freezing-Out the Dissenting Stockholder
958
Problem
—
Freeze-Out by Dissolution
959
Weinberger
v. UOP,
Inc.
960
Notes and Questions
968
In re Siliconix Inc. Shareholders Litigation
971
Notes and Questions
979
Section
3.
Antitakeover Legislation
982
Problem
—
Enforcing Constituency Legislation
986
Section
4. De
Facto Merger Doctrine (Redux)
987
Hariton v.
Arco
Electronics, Inc.
987
Rath v. Rath Packing Company
988
Notes and Questions
994
Epilogue and Concluding Problem
—
Reconceptualizing the Corporation
998
Index
1001
|
adam_txt |
Contents
Table of Cases
xix
Preface to the Third Edition
xxv
Acknowledgments
xxix
Introduction and Problem
—
The Enormous Room
3
Problem
4
Chapter
1
The Corporate Form: Theories and Consequences
7
Section
1.
The Ownership Model
8
Trustees of Dartmouth College v. Woodward
8
Questions
10
Dodd, For Whom Are Corporate Managers Trustees?
11
Questions
15
Note on Unocal Corp. v. Mesa Petroleum Co.,
Revlon,
Inc. v. MacAndrews
&
Forbes Holdings, Inc. and
Paramount Communications, Inc. v. Time Incorporated
15
Question
17
American Law Institute, Principles of Corporate Governance:
Analysis and Recommendations
17
Question
17
Section
2.
Economic Theories: The Agency/Contract Model
17
Fama,
Agency Problems and the Theory of the Firm
19
Questions
23
Easterbrook
&
Fischel, The Corporate Contract
24
Question
26
O'Melinn, Neither Contract Nor Concession: The Public Personality
of the Corporation
26
Williamson, Corporate Governance
27
Question
29
Section
3.
The Neo-Traditional Response
29
Clark, Agency Costs versus Fiduciary Duties
29
Questions
33
Problems
33
Section
4.
Corporate Form and Corporate Governance: The Current Debate
33
Bebchuk, The Debate on Contractual Freedom in Corporate Law
33
Note
35
Dallas, Two Models of Corporate Governance: Beyond
Berle
and Means
35
O'Melinn, Neither Contract Nor Concession: The Public Personality
of the Corporation
37
Section
5.
Close Corporations: A
Different
Result?
-· 40
Donahue
v. Rodd
Electrotype Co. of New England
* 40
Mitchell, Close Corporations Reconsidered
43
Questions
44
Chapter
2
Limited Liability
—
A Central Problem in Corporate Finance
45
Section
1.
The Basic Conflict between Creditors and Stockholders
45
Manning and Hanks, A Concise Textbook on Legal Capital
45
Note
50
Problem
—
The Term Sheet
51
Section
2.
The Origins and Purposes of Limited Liability
51
Mitchell, Close Corporations Reconsidered
51
Halpern, Trebilcock
& Turnbull, An
Economic Analysis
of Limited Liability in Corporate Law
55
Easterbrook
&
Fischel, Limited Liability and the Corporation
58
Stone, The Place of Enterprise Liability in the Control
of Corporate Conduct
60
Problem
—
The Policy of Limited Liability
62
Section
3.
Legal Limitations
—
Limited Liability and Corporate Structure
63
a. Veil Piercing under Corporate Law
64
(i) Traditional Veil Piercing
64
Problem
—
Structuring the Corporation
64
Favour Mind Ltd. v. Pacific Shores, Inc.
64
Notes and Questions
69
(ii) Reverse Veil Piercing
73
Notes and Questions
75
b. Lender's Liability for Corporate Debts
76
Problem
—
Lender's Liability for Corporate Debts
76
Krivo
Indus. Supply Co. v. Nat'l Distillers
&
Chem.
Corp.
77
Notes and Questions
84
Section
4.
Limited Liability and Environmental Claims
85
a. "Owner" and "Operator" under
CERCLA
85
U.S. v. Bestfoods
85
Notes and Questions
88
b. Successor Liability under
CERCLA
91
North Shore Gas Co. v. Salomon, Inc.
91
Notes and Questions
98
с
Lender Liability for Environmental Claims
98
Monarch Title, Inc. v. City of Florence
98
Notes and Questions
101
Chapter
3
Valuation
105
Section
1.
Introduction to Valuation
106
a. The Idea of Capital
106
b. The Idea of Valuation
107
Notes and Questions
109
Section
2.
Risk and Return
110
a. Introduction to Risk and Return 111
b. Return as a Function of Present Value
112
(і)
Future
Value
112
(ii)
Present Value
115
(A) Present Value of a Lump Sum
115
(B) Present Value of an Annuity
117
(1)
Ordinary Annuity
118
(2)
Annuity Due
119
Problems
121
с
Risk as a Function of Probability
121
Section
3.
Valuation Methods: Putting Risk and Return to Work
127
a. A Brief Introduction to Basic Accounting Principles
128
Problem
—
Smith Drugstores, Part I
131
b. Valuation Methods
132
(i) Balance Sheet Based Valuation
132
(A) Book Value
132
(B) Adjusted Book Value
136
(C) Net Asset Value
136
(ii) Income Statement Based Valuation
137
Problem
—
Smith Drugstores, Part II
141
(iii)
Cash Flow Based Valuation
142
(A) Dividend Discount Model
142
(B) Discounted Cash Flow Method
149
с
Capital Budgeting
150
Questions
151
Section
4.
Fundamental Valuation in Legal Context
151
a. Valuation in Appraisal Proceedings
152
(i) Valuation Methodology
152
(A) Historical Context
152
Notes and Questions
159
(B) Modern Application
163
Le
Beau v. M.G. Bancorporation, Inc.
163
Notes and Questions
171
(ii) Minority and Marketability Discounts
175
Problem
—
Smith Drugstores, Part III
175
Cavalier Oil Corp. v. Harnett
175
Question
178
Pueblo Bancorporation v. Lindoe, Inc.
178
Notes and Questions
184
(iii)
Synergies and Other Benefits of the Merger
187
Cede
&
Co. v. Technicolor, Inc.
187
Notes and Questions
192
(iv)
Exclusivity of Appraisal Rights
194
Cede and Co. v. Technicolor, Inc.
194
Notes and Questions
200
Problem
—
Providing Appraisal Rights
202
b. Valuation by Agreement
202
Problem
—
Smith Drugstores, Part IV
203
Allen v. Biltmore Tissue Corp.
203
Note
206
Helms v. Duckworth
207
Notes
' 210
c.
Valuation in Other Legal Contexts ^
212
Donahue v. Draper
212
Questions
216
Nardini v. Nardini
217
Notes and Questions
220
Sections. Market-Based Valuation
221
a. Portfolio Theory
222
Problem
—
Portfolio Theory and Corporate Governance
222
(i) Appetites for Risk
223
(ii) Risk Reduction by Diversification
224
(iii)
The Efficient Frontier
226
(iv)
Lending and Borrowing
227
(v) Practical Consequences
228
b. Capital Asset Pricing Model
229
Problem
—
Smith Drugstores, Part V
230
(i) Derivation and Meaning of CAPM
231
(ii) Applications
233
(iii)
Assumptions Underlying CAPM
235
(iv)
Empirical Testing of CAPM
237
(v) CAPM in Court
239
Cede
&
Co. v. Technicolor, Inc.
239
Notes and Questions
241
с
Efficient Capital Market Hypothesis
242
(i) "Fraud-on-the-Market" Theory
242
Basic, Inc.
v. Levinson
242
Questions
251
Kaufman
v. i-Stat
Corp.
251
(ii) The Roots and Meaning of the ECMH
258
(iii)
Empirical State of Play
262
(iv)
Noise Theory
264
Questions
265
d. Behavioral Finance
265
Cunningham, Behavioral Finance and Investor Governance
265
Notes and Questions
271
Note: Post-Modern Finance Theory
274
Chapter
4
Managing Risk (Hedging) with Derivatives
277
Section
1.
Types of Derivative Instruments
278
a. Options
278
(i) Overview
278
(ii) Options Used for Hedging: An Example
281
(iii)
Options Used for Speculation: An Example
282
(iv)
Option Pricing Theory
282
Notes and Questions
284
b. Forwards
285
(i) Overview
285
(ii) Forward Price
285
(iii)
Counterparty Credit Risk
286
c.
Futures
286
d.
Swaps
288
Section
2.
The Spectrum from Hedging to Speculation
290
Notes and Questions
291
Long Term Capital Management
291
Cunningham, Outsmarting the Smart Money
291
Sections. Judicial Analysis of Derivatives
294
a. Contractual Interpretation
294
Eternity Global Master Fund Ltd. v. Morgan Guaranty
Trust Co.
294
Note
299
b. Derivatives and Fiduciary Duties
299
Brane
v. Roth
299
Notes and Questions
301
с
Derivatives as "Securities"
302
In the Matter of
ВТ
Securities Corporation
302
Notes and Questions
308
Jurisdictional Turf Wars
309
Procter
&
Gamble Co. v. Bankers Trust Co.
311
Caiola v. Citibank, N.A.
320
d. Accounting for Derivatives
326
Enron, Derivatives and Accounting
327
Cunningham, The Sarbanes-Oxley Yawn: Heavy Rhetoric,
Light Reform (And It Might Just Work)
327
Chapter
5
The Rights of Contract Claimants
—
Part
1 :
Holders of Debt Securities
329
Section
1.
The Concept and Consequences of Leverage
330
Graham, Dodd
&
Cottle, Security Analysis
330
Klein
&
Coffee, Business Organization and Finance
334
Notes and Questions
337
Section
2.
The Characteristics of Debt
338
a. Types and General Attributes
338
Klein and Coffee, Business Organization and Finance
338
Questions
341
b. The Changing Nature of Corporate Debt
341
(i) Generally
341
Klein and Coffee, Business Organization and Finance
341
(ii) The Rise (and Fall?) of High-Yield Debt Securities
342
Pitt and Groskaufmanis, A Tale of Two Instruments:
Insider Trading in Non-Equity Securities
342
Note
344
Comment, Junk Bonds: Do They Have a Value?
346
Booth, Junk Bonds, the Relevance of Dividends
and the Limits of Managerial Discretion
347
Notes and Questions
348
Section
3.
Valuation of Debt Securities
351
Section
4.
The Legal Treatment of Debtholders
352
a. Debtholders as Contract Claimants
353
Simons
v.
Cogan ƒ 353
Questions
*
ЪЪ1
Pitt and Groskaufmanis, A Tale of Two Instruments:
Insider Trading in Non-Equity Securities
358
Questions
361
b. Interpreting the Debt Contract
361
(i) Key Contractual Terms and Protective Provisions
361
A. The Promise to Pay and Provisions Designed to Support It
361
B. Ranking
362
С
Covenants
363
D. Redemption
365
E. Events of Default
366
Problem
—
Balancing the Rights of Debtholders and
Stockholders in the Bond Indenture
367
(ii) Judicial Interpretation of the Debt Contract
369
Sharon Steel Corp. v. Chase Manhattan Bank, N.A.
369
Note and Questions
377
Rudbart v. North Jersey District Water Supply
Commission
378
Note on Zero Coupon Debt Securities
388
Morgan Stanley
&
Co., Inc. v. Archer Daniels
Midland Co.
389
Notes and Questions
397
с
Implied Covenant of Good Faith and Fair Dealing
399
Katz v. Oak Industries Inc.
399
Notes and Questions
406
Problem
—
Coercing Bondholders
407
DeMott, The Biggest Deal Ever
407
Metropolitan Life Ins. Co.
v. RJR
Nabisco, Inc.
408
Denouement
422
Notes and Questions
424
Problem
—
Negotiating and Drafting Event Risk Protection
436
d. The Right to Sue
437
(i) Derivative Suits
437
Hoff
v. Sprayregan
437
Notes and Questions
440
Harff v. Kerkorian
440
Notes and Questions
443
American Law Institute Principles of Corporate
Governance: Analysis and Recommendations
446
Questions
448
(ii) Contractual Limitations
448
Problem
—
Standing to Sue
448
American Bar Foundation Commentaries on
Model Debenture Indenture Provisions
449
Simons v. Cogan
450
Problem
—
The Extra-Contractual Rights of Bondholders
451
Rabinowitz v. Kaiser-Frazer Corp.
452
Notes and Questions
457
Problem—
Collective Action
by Bondholders
458
Section
5.
Other Participants in Debt Offerings
458
a. Underwriter
458
b. Indenture Trustee
459
(i) Trustee as Competing Creditor
464
Morris v. Cantor
464
Questions
467
(ii) Breach of Fiduciary Duty under State Law
468
Broad v. Rockwell International Corporation
468
(iii)
Pre-Default Duties of a Trustee under the
TIA
469
Elliott Assoc. v. J. Henry Schroder Bank
&
Tr. Co.
469
Note
474
(iv)
Loyalty to Debtholders
475
Rabinowitz v. Kaiser-Frazer Corp.
475
U.S. Trust Co. of New York v. First Nat'l City Bank
475
Harriet
&
Henderson Yarns, Inc. v. Castle
478
Notes and Questions
483
Problem
—
The Duties of the Indenture Trustee
483
с
Rating Agencies
483
Questions
486
Section
6.
The Bankruptcy Rights of Debtholders
486
a. Introduction
486
b. Operating in the "Vicinity of Insolvency"
486
Pepper v. Litton
486
Notes and Questions
490
с
The Options Available to a Financially Troubled Corporation
492
d. Why Allow a Failed Business to Reorganize?
499
Roe, Bankruptcy and Debt: A New Model for Corporate
Reorganization
499
Baird and Jackson, Corporate Reorganization and the Treatment
of Diverse Ownership Interests: A Comment on Adequate Protection
of Secured Creditors in Bankruptcy
501
Roe, Bankruptcy and Debt: A New Model for Corporate
Reorganization
502
Notes and Questions
503
e. Fundamental Bankruptcy Concepts
504
(i) Automatic Stay and Adequate Protection
504
Baird and Jackson, Corporate Reorganization and the
Treatment of Diverse Ownership Interests: A Comment
on Adequate Protection of Secured Creditors in Bankruptcy
504
(ii) Absolute Priority Rule and "Cram Down"
506
Consolidated Rock Products Co.
v. Du Bois
506
Notes and Questions
513
Kham
&
Nate's Shoes No.
2,
Inc. v. First Bank of Whiting
516
Bank of America Nat'l Trust v.
203 N.
LaSalle St. Partnership
521
Notes
528
In re Zenith Electronics Corp.
529
Baird and Jackson, Bargaining after the Fall and the Contours
of the Absolute Priority Rule
535
11
U.S.C.
§1129 (2005) ,
5Ъ7
A Note on the Bankruptcy Abuse Prevention and Consumer
Reform Act of
2005 539
(iii)
Equitable Subordination
540
Problem
—
Reorganizing the Troubled Debtor
542
(iv)
Fraudulent Conveyance
544
Uniform Fraudulent Transfer Act
(1984)
Selected Provisions
545
Section
7.
Legislative Responses to the Plight of Debtholders
546
Problem
—
Bondholder Protective Legislation
546
Section
8.
Advanced Debt Topics
550
a. Application of Fraudulent Conveyance Statutes to
Leveraged Acquisitions
550
Problem—The
LBO
That Failed
550
Pay 'N
Pak
Stores, Inc. v. Court Square Capital Ltd.
552
ProtoComm Corp. v. Novell, Inc.
554
Notes and Questions
558
b. Asset-Backed Securitization
567
Major's Furniture Mart, Inc. v. Castle Credit Corp., Inc.
570
"Ziggy Stardust" Plays the Market
582
Questions
582
Chapter
6
The Rights of Contract Claimants
—
Part
2:
Preferred Stock
585
Section
1.
The Characteristics of Preferred Stock
586
Klein and Coffee, Business Organization and Finance
586
Notes and Questions
589
Problem
—
Drafting and Negotiating the Preferred Stock Contract
589
Optional Problem
—
Valuing Preferred Stock
590
Section
2.
Dividends and Voting
591
Gutmann
ν.
Illinois Central R. Co.
591
Notes and Questions
594
Baron v. Allied Artists Pictures Corporation
596
Notes and Questions
601
Section
3.
Repurchases, Redemptions, Conversions and Liquidations
602
Problem
—
Recapitalizing a Distressed Corporation
602
The
De
Facto Merger Doctrine
602
In re Sunstates Corp. Shareholders' Litigation
603
Note
606
Rauch
v. RCA
Corp.
606
Notes and Questions
609
Elliot Associates, L.P. v. Avatex
613
Notes and Questions
619
Section
4.
The Extra-Contractual Rights of Preferred Stockholders
619
Problem
—
Structuring a Merger
619
Dalton
ν.
American Investment Co.
620
Questions
631
Jedwab
ν.
MGM Grand Hotels, Inc.
632
Questions
644
In re FLS Holdings Inc. Shareholders Litigation
644
Questions
649
Mitchell,
The Puzzling Paradox of Preferred Stock (And Why
We Should Care About It)
651
Chapter
7
The Rights of Contract Claimants—Part
3:
Convertible Securities
661
Section
1.
Economics of Convertible Securities
661
Section
2.
Justifications for Convertible Securities
667
Klein, The Convertible Bond: A Peculiar Package
668
Questions
670
Problem
—
Financing with Convertible Bonds
670
Section
3.
Obligation of the Corporation to Protect Conversion Rights
671
a. Fiduciary Duties
671
Simons v. Cogan
672
b. Contractual Rights
672
(i) Notice of Redemption
672
Van Gemert v. Boeing Co.
672
Notes and Questions
678
(ii)
Antidilution
684
(A) Stock Splits and Reverse Stock Splits
684
Reiss v. Financial Performance Corp.
686
Notes and Questions
688
(B) "Cheap" Stock
692
(C) Distribution of Assets and Evidences of Indebtedness
693
HB Korenvaes Investments, L.P. v. Marriott Corp.
694
Note
711
(iii)
Antidestruction
712
Wood
v.
Coastal States Gas Corp.
712
Notes and Questions
720
Problem
—
Interpreting the Convertible Debenture Contract
723
(iv)
Contractual Example
724
Revised Model Simplified Indenture
724
Chapters The Rights of Ownership Claimants
—
Part
1:
General Concepts
737
Section
1.
The Nature of Fiduciary Duty
738
Easterbrook
&
Fischel, Corporate Control Transactions
738
Mitchell, The Death of Fiduciary Duty in Close Corporations
740
Questions
741
Section
2.
The Declaration and Payment of Dividends
741
a. Legal Capital Rules
742
Problem
—
Legal Restrictions on Dividends
744
1
Revised Model Business Corporation Act Annotated
745
Note
749
b. A
Board's Ability to Declare a Dividend
749
Gabelli
&
Co. v. Liggett Group, Inc.
749
Questions
753
Baron v. Allied Artists Pictures Corp.
755
Section
3.
Dividend Policy
755
Problem
—
Walton Sporting Goods
756
a. Theories of Dividend Policy
757
Notes
and Questions
ƒ 761
b.
Practical Issues in Dividend Policy
* 763
Notes and Questions
766
с
Dividends of Property and Securities
768
Anadarko Petroleum Co. v. Panhandle Eastern Corporation
770
Notes and Questions
775
Isquith v. Caremark International, Inc.
776
Note on Tracking Stock: The "Internal Spin-Off"
780
Section
4.
Redemptions and Repurchases
781
a. Statutory Treatment
782
b. Purpose
782
с
Federal Regulation
783
(i) Open Market Repurchases
784
(ii) Self-Tender Offers
784
(A) Issuer Tender Offers
784
(B) "Going Private" Transactions
785
d. Fiduciary Duties
785
Kahn
v.
U.S. Sugar Corp.
785
Grobów
v.
Perot
790
Note and Questions
795
Lowenstein, Management Buyouts
796
Section
5.
Preemptive Rights and Dilution
798
Introductory Note and Problem
798
Katzowitz v. Sidler
800
Note and Question
804
Frantz Mfg. Co. v. EAC Industries
805
Notes and Questions
810
Ziegler v. American Maize-Products Co.
811
Section
6.
Recapitalizations and Restructurings
813
Problem
—
Restructuring and the Minority Stockholder
813
Jones v. H. F. Ahmanson
&
Co.
814
Questions
820
Leader v. Hycor, Inc.
821
Notes and Questions
824
Note: The One Share, One Vote Debate
826
Section
7.
Fiduciary Duty and Corporate Democracy
828
Blasius Industries, Inc. v. Atlas Corporation
829
Notes and Questions
836
Chapter
9
The Rights of Ownership Claimants
—
Part
2:
Mergers and Acquisitions
839
Section
1.
The Duty of Care and the Business Judgment Rule
839
a. A Board's Decision to Sell the Company
839
Cede
&
Co. v. Technicolor, Inc.
842
Cinerama, Inc. v. Technicolor, Inc.
845
Notes and Questions
854
b. A
Board's Decision to Purchase a Company
854
Ash v. McCall
854
Note
861
Hewlett v. Hewlett-Packard
Co.
861
Notes and Questions
868
Section
2.
The Duty of Loyalty
868
a. A Board's Decision to Sell the Company
868
Paramount Communications Inc.
v. QVC
Network Inc.
871
Notes and Questions
884
b. A Board's Ability to Adopt Defensive Strategies
885
(i) General Standard
886
Problem
—
Repelling the Hostile Tender Offer
886
Unocal Corp. v. Mesa Petroleum Co.
889
Notes and Questions
896
Problem
—
Defensive Repurchases
902
Paramount Communications, Inc. v. Time, Inc.
903
Notes and Questions
918
(ii) Poison Pills
920
City Capital
Assoes,
v. Interco
Inc.
920
Notes and Questions
930
Carmody v. Toll Brothers, Inc.
931
Quickturn Design Systems, Inc. v. Shapiro
935
Note
936
(iii) Greenmail
936
Heckmann
v.
Ahmanson
936
Macey and McChesney, A Theoretical Analysis
of Corporate Greenmail
939
Notes and Questions
942
Problem
—
Legislating Against Greenmail
944
(iv)
Deal Protection Measures
944
ACE Limited v. Capital Re Corp.
945
Omnicare, Inc.
v. NCS
Healthcare, Inc.
949
с
Transactions with Controlling Stockholders
958
Problem
—
Freezing-Out the Dissenting Stockholder
958
Problem
—
Freeze-Out by Dissolution
959
Weinberger
v. UOP,
Inc.
960
Notes and Questions
968
In re Siliconix Inc. Shareholders Litigation
971
Notes and Questions
979
Section
3.
Antitakeover Legislation
982
Problem
—
Enforcing Constituency Legislation
986
Section
4. De
Facto Merger Doctrine (Redux)
987
Hariton v.
Arco
Electronics, Inc.
987
Rath v. Rath Packing Company
988
Notes and Questions
994
Epilogue and Concluding Problem
—
Reconceptualizing the Corporation
998
Index
1001 |
any_adam_object | 1 |
any_adam_object_boolean | 1 |
author | Mitchell, Lawrence E. 1956- Cunningham, Lawrence A. 1962- Haas, Jeffrey J. 1961- |
author_GND | (DE-588)123823250 (DE-588)130899410 (DE-588)135804620 |
author_facet | Mitchell, Lawrence E. 1956- Cunningham, Lawrence A. 1962- Haas, Jeffrey J. 1961- |
author_role | aut aut aut |
author_sort | Mitchell, Lawrence E. 1956- |
author_variant | l e m le lem l a c la lac j j h jj jjh |
building | Verbundindex |
bvnumber | BV021515940 |
callnumber-first | K - Law |
callnumber-label | KF1428 |
callnumber-raw | KF1428.A7 |
callnumber-search | KF1428.A7 |
callnumber-sort | KF 41428 A7 |
callnumber-subject | KF - United States |
classification_rvk | QP 700 |
ctrlnum | (OCoLC)63516398 (DE-599)BVBBV021515940 |
dewey-full | 346.73/066 347.30666 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 346 - Private law 347 - Procedure and courts |
dewey-raw | 346.73/066 347.30666 |
dewey-search | 346.73/066 347.30666 |
dewey-sort | 3346.73 266 |
dewey-tens | 340 - Law |
discipline | Rechtswissenschaft Wirtschaftswissenschaften |
discipline_str_mv | Rechtswissenschaft Wirtschaftswissenschaften |
edition | 3. ed. |
format | Book |
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genre | 1\p (DE-588)4522595-3 Fallstudiensammlung gnd-content |
genre_facet | Fallstudiensammlung |
geographic | USA |
geographic_facet | USA |
id | DE-604.BV021515940 |
illustrated | Not Illustrated |
index_date | 2024-07-02T14:20:44Z |
indexdate | 2024-07-09T20:37:35Z |
institution | BVB |
isbn | 1594601623 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-014732501 |
oclc_num | 63516398 |
open_access_boolean | |
owner | DE-M382 DE-739 |
owner_facet | DE-M382 DE-739 |
physical | XXX, 1011 S. |
publishDate | 2006 |
publishDateSearch | 2006 |
publishDateSort | 2006 |
publisher | Carolina Academic Press |
record_format | marc |
spelling | Mitchell, Lawrence E. 1956- Verfasser (DE-588)123823250 aut Corporate finance and governance cases, materials, and problems for an advanced course in corporations Lawrence E. Mitchell ; Lawrence A. Cunningham ; Jeffrey J. Haas 3. ed. Durham, NC Carolina Academic Press 2006 XXX, 1011 S. txt rdacontent n rdamedia nc rdacarrier Recht Corporate governance Law and legislation United States Cases Corporation law United States Cases Corporations Finance Law and legislation United States Cases Finanzierung (DE-588)4017182-6 gnd rswk-swf USA 1\p (DE-588)4522595-3 Fallstudiensammlung gnd-content Finanzierung (DE-588)4017182-6 s 2\p DE-604 Cunningham, Lawrence A. 1962- Verfasser (DE-588)130899410 aut Haas, Jeffrey J. 1961- Verfasser (DE-588)135804620 aut Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014732501&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Mitchell, Lawrence E. 1956- Cunningham, Lawrence A. 1962- Haas, Jeffrey J. 1961- Corporate finance and governance cases, materials, and problems for an advanced course in corporations Recht Corporate governance Law and legislation United States Cases Corporation law United States Cases Corporations Finance Law and legislation United States Cases Finanzierung (DE-588)4017182-6 gnd |
subject_GND | (DE-588)4017182-6 (DE-588)4522595-3 |
title | Corporate finance and governance cases, materials, and problems for an advanced course in corporations |
title_auth | Corporate finance and governance cases, materials, and problems for an advanced course in corporations |
title_exact_search | Corporate finance and governance cases, materials, and problems for an advanced course in corporations |
title_exact_search_txtP | Corporate finance and governance cases, materials, and problems for an advanced course in corporations |
title_full | Corporate finance and governance cases, materials, and problems for an advanced course in corporations Lawrence E. Mitchell ; Lawrence A. Cunningham ; Jeffrey J. Haas |
title_fullStr | Corporate finance and governance cases, materials, and problems for an advanced course in corporations Lawrence E. Mitchell ; Lawrence A. Cunningham ; Jeffrey J. Haas |
title_full_unstemmed | Corporate finance and governance cases, materials, and problems for an advanced course in corporations Lawrence E. Mitchell ; Lawrence A. Cunningham ; Jeffrey J. Haas |
title_short | Corporate finance and governance |
title_sort | corporate finance and governance cases materials and problems for an advanced course in corporations |
title_sub | cases, materials, and problems for an advanced course in corporations |
topic | Recht Corporate governance Law and legislation United States Cases Corporation law United States Cases Corporations Finance Law and legislation United States Cases Finanzierung (DE-588)4017182-6 gnd |
topic_facet | Recht Corporate governance Law and legislation United States Cases Corporation law United States Cases Corporations Finance Law and legislation United States Cases Finanzierung USA Fallstudiensammlung |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014732501&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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