Using articles from the highly regarded Journal of Applied Corporate Finance, it gives real insight into the practical implications of the most recent theoretical advances in the field.The completely revised and updated third edition retains a number of the key original articles and adds new pieces on the most important recent developments, including corporate governance, corporate restructuring, risk management, dividend policy, capital structure, and the economic consequences of high leverage and stock market pressures on corporate management and the role of corporate boards in the 1990s.