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The Capital Market [PDF]

open access: possible, 1991
This paper offers an account of the occupational choice among wage work, self-employment and entrepreneurship which contrasts with the "Knightian" one based on risk attitudes. As shown by example, the latter can lead to perverse results. We propose a model in which imperfect capital markets arising from costly output verification cause the cost of ...
openaire   +1 more source

Product market competition and the cost of equity capital

Journal of Business Research, 2021
Yongjia Lin, Xiaoou Yu, Xinming Liu
exaly  

Capital market opening and corporate environmental performance: Empirical evidence from China

Finance Research Letters, 2023
Rongwu Zhang, Wenqiang Fu, Tong Lu
exaly  

The Commons with Capital Markets

We explore a dynamic commons problem and assess the welfare consequences of access to capital markets. The commons has a high intrinsic rate of return but its fruits cannot be secured by individual agents. Capital market access allows resources to be held securely and intertemporally transferred, but at a lower rate of return. In a two period model, we
openaire  

Capital Markets

2011
Roberto R. Rocha   +2 more
openaire   +2 more sources

Impact of Capital Regulation and Market Discipline on Capital Ratio Selection: A Cross Country Study

International Journal of Financial Studies, 2020
Ahmed Imran Hunjra   +2 more
exaly  

Does political capital create value in the IPO market? Evidence from China

Journal of Corporate Finance, 2013
Qigui Liu   +2 more
exaly  

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