Ten years ago we edited the first volume of the Handbook of the Economics of Finance, including both corporate finance (Volume 1A) and financial markets and asset pricing (Volume 1B). By summarizing the state of the art and pointing out as yet unresolved questions, this handbook quickly became one of the most cited volumes in Elsevier’s Handbooks in Economics series. Encouraged by the resounding success of our first handbook, we decided to edit an additional volume to cover developments in the field since the first volume as well as important topics that were left out of Volume 1, again including both corporate finance (Volume 2A) and financial markets and asset pricing (Volume 2B).

Volume 2, in combination with Volume 1, presents the ...

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