Amazon.com description: Product Description: The Batterymarch Fellowship, now celebrating its tenth anniversary, is the most prestigious award in finance. Originally conceived as a debt repayment to the academic community for its contribution to the practical work of financial management, it numbers among its recipients some of the most outstanding young scholars in the field. This volume brings together a selection of pioneering papers by the Fellows, clearly demonstrating the role of the Programme in advancing knowledge in the discipline. It includes key papers that have done much to push back the frontiers in such areas as signalling theory, asset pricing theory, sophisticated econometric methods, innovative empirical studies, market microstructure, capital structure, and advanced mathematical techniques.