This introduction to the special issue provides an overview of financial engineering in
corporate finance. It characterizes the process of financial innovation, describes the factors that …

A timely update to one of the most well-received books on project financing As an effective
alternative to conventional direct financing, project financing has become one of the hottest …

We document the ability of the credit default swap (CDS) market to anticipate favorable as
well as unfavorable credit rating change (RC) announcements based on more extensive …

This practical book provides a comprehensive prudent approach to issuing, managing and
retiring corporate debt obligations, and can be used by practitioners in every industry. This …

Statement of Financial Accounting Standards (SFAS) standardizes the accounting treatment
for derivative instruments by requiring all entities to report their derivatives as assets and …

This paper reviews innovative corporate securities through year-end 2000. We describe 80
distinct new securities, which we categorize as 1) debt, 2) preferred stock, 3) convertible …

The comparable company method of valuation does not account for the value of corporate
control. Therefore, the method must be adjusted if it is being used to value a company …

Private equity is … private. This means that it can be challenging to monitor, examine, and
benchmark the performance of private equity investments. As pension plans, insurers, and …

This paper provides an illustration of how structural frictions in the world capital markets can
give rise to profitable arbitrage opportunities. It describes how a company realized an …

Activities, because the quantity and variety of derivatives owned by firms have increased
rapidly and the effects of the derivatives were not transparent in the financial statements. SFAS …