Books in the Foundations and Trends in Finance series

Describes the current landscape of text analytics in finance. Coverage includes how text is extracted from web sites and services; the basics of text analytics; the analytics of text classification; the performance of text analytic algorithms; and the empirical literature on text mining in finance and the commercialization of textual analytics.

Privatization, State Capitalism, and State Ownership of Business in the 21st Century provides an overview of economic and political developments relating to privatization, state capitalism, and state ownership of business, and will survey the extensive recent research examining privatization and state ownership.

Executive Compensation surveys the extant literature on this important topic. The first section starts with a discussion of the theory of executive compensation, in which the author identifies two major approaches. The second section reviews the evidence on both the composition and level of pay and how it has changed over time, treating each component.

Transitioning from private to public status is a watershed event in the life of any firm. For most firms and managers, the process of conducting an Initial Public Offering (IPO) is something they will only go through once.

The Economics of Credit Rating Agencies explores the economic and regulatory issues and frictions associated with credit rating agencies in the aftermath of the financial crisis.