Results 151 to 160 of about 69,721 (321)

An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy [PDF]

open access: yes
The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation.
Taiji Harashima
core  

Do Female Directors Protect Employee Pension Benefits? Evidence on the Nexus Between Pensions and Dividends

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT This study examines whether female directors influence firms' allocation of internal funds between dividend payments and defined benefit (DB) pension funding. Using FTSE All‐Share firms from 2007 to 2021, we find that companies with a higher proportion of female directors exhibit stronger pension funding positions and, overall, maintain ...
Zezeng Li, Erhan Kilincarslan
wiley   +1 more source

An Intertemporal Model of Rational Criminal Choice [PDF]

open access: yes
This research presents a dynamic model of crime in which agents anticipate future consequences of their actions. Current period decisions affect future outcomes by a process of capital accumulation.
Jenny Williams
core  

Life Cycle Consumption and Portfolio Choice Under Real Interest Rate Risk

open access: yesFinancial Management, EarlyView.
ABSTRACT We set up a life cycle model with real interest rate risk to demonstrate that real interest rates have implications for optimal household consumption and investments. Lower interest rates lead to higher optimal stock investments and lower consumption.
Marcel Fischer, Natascha Jankowski
wiley   +1 more source

Financial Markets and R&D Investments: A Discrete-Time Model to Interpret Public Policies [PDF]

open access: yes
This paper introduces a discrete-time intertemporal investment model in which the flow of profits affects the risk premium on the cost of finance, and, as a consequence, the rate of discount of future profits.
Mazzoli, Marco
core  

Reputation and Asset Prices: Evidence From Trump Real Estate

open access: yesFinancial Management, EarlyView.
ABSTRACT We analyze the impact of brand reputation on asset prices by exploiting the prominence of Donald Trump in Manhattan real estate. Our quasi‐experiment identifies a 14.5% discount to condominiums in Trump‐branded buildings after controversies surrounding Trump's presidential candidacy began in June 2015 up to 2022.
Marlene Koch, Simon Stehle, Rémi Vivès
wiley   +1 more source

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