Optional Advanced Material

Further reading: session 1

Grinblatt and Titman: chapter 9 (though actually, this is one topic where GT go into less detail than BM).

Psychology: Robert Shiller’s book Irrational exuberance (http://www.global-investor.com/cgi-bin/euler.pl?id=s00000&uid=&action=display&ref=13663)

Also follow up references in the bulk pack article by Pruitt and Gitman.

John Graham and Cam Harvey a forthcoming in the Journal of Financial Economics for 2001 which is a detasiled, up to date survey of capital budgeting practices in the USA. http://faculty.fuqua.duke.edu/~charvey/Research/Working_Papers/W45_The_theory_and.pdf
 

Agency: Michael Jensen, A Theory of the Firm, Harvard University Press, 2000, is a seminal collection of essays on agency theory. http://www.amazon.co.uk/exec/obidos/ASIN/0674002954/qid=988370518/sr=1-3/202-5791144-9175844

Managerial incentives: my recent paper with Clara Raposo looks at how incentive contracts may actually distort managerial incentives, rather than correct them.
http://romulus.london.edu/lbsfacpubs.nsf/(httppublications)/7069936C4A8FD64C80256A24003DF722