The stock market crash of 1987 had a tumultuous effect on the world of finance. The reverberations of this collapse are still being felt and a number of issues and problems are still unresolved. New Directions in Finance discusses these issues and looks to future developments in international finance. The book contains sections which look at capital structure; the cost of capital and agency issues; mergers and takeovers, and options, futures and forward trading. Including a contribution by Nobel Laureate Merton Miller, New Directions in Finance presents a state of the art guide to international finance.

Meton Miller, University of Chicago, USA; Keith Howe, DePaul University, USA; K. Thomas Liaw, St. John's University, USA; Pradeep Jalan, University of Regina, Canada and Givanni Barone-Adesi, University of Alberta, Canada; Helen Lange, Scott Armstrong and Li-Anne Woo, University of New South Wales, Australia; Sarah J. Lane and Martha A. Schary, Boston University, USA; Ki Han, Suffolk University, USA and David Suk, Rider College, USA; Atreya Chakraborty and Christoper Baum, Boston College, USA; Jinho Jeong, University of Otago, New Zealand and Thomas Noe, Georgia State University, USA; Winston Koh, Swee-Sum Lee and K.C. Tsui, National University of Singapore; Dev Prasad, University of Texas, USA; Jahangir Sultan, Bentley College, USA, Ked Hogan, McGill University, USA and Ken Kroner, University of Arizona, USA; Obiyathulla Bacha and Anne Fremault, Boston University, USA; Scott Stewart, Fidelity Management Trust Company, USA; Cheng-Few Lee and Peter Zhang, Rutgers University, USA; Michael Moore, Queens University, Belfast; J.T.J. Smit, Erasmus Universiteit, The Netherlands; Gang Shyy and Min-Teh Yu, National Central University, Taiwan; Meher Manzur, National University of Singapore