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This is a collection of 21 articles that deal with the frontiers in financial theory of economics. Most aspects of finance are covered - domestic corporate and investment issues as well as questions and problems of topical value in international finance. It includes topics such as: initial public offerings, debt restructuring, mergers, dividend policy, stock returns, capital structure, measures of risk aversion, microstructure of equity markets, agency cost and employee stock ownership, international takeover bidding, futures and forward contracts in currency markets, offshore loans, and market efficiency.