Results 121 to 130 of about 14,040 (237)

On the debt Capacityof growth Options [PDF]

If debt capacity is defined as the incremental debt that is optimally associated with an additional asset, then the debt capacity of growth options is negative.
Clifford W. Smith, Erwan Morellec, Michael J. Barclay   +2 more
core  

POLITICAL CONNECTIONS, CORPORATE GOVERNANCE AND INVESTMENT EFFICIENCY: EVIDENCE FROM MALAYSIAN FIRMS

Malaysian Management Journal
This study investigates the moderating role of corporate governance in the relationship between political connections and investment efficiency. Using a sample of Malaysian publicly listed firms from 2001- 2017, we find that political connections are ...
Kang Wan Tan, Mei Foong Wong
doaj   +1 more source

The Impact of International Portfolio Composition on Consumption Risk Sharing [PDF]

Recent empirical work has shown that ongoing international financial integration facilitates cross-country consumption risk-sharing. These studies typically find that countries with high equity home bias exhibit relatively low international consumption ...
Clemens Kool, Joan Muysken, Nils Holinski   +2 more
core  

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe [PDF]

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets.
Ansgar Belke, Gunther Schnabl, Holger Zemanek   +2 more
core   +3 more sources

Incomplete Property Rights and Overinvestment [PDF]

I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher’s valuation of the asset is increasing in the asset owner’s investment.
J. Atsu Amegashie
core   +3 more sources

Public regulation of R&D racings [PDF]

The purpose of the paper is to theoretically examine the welfare implications of public sector involvement in agricultural biotechnology R&D. The model assumes that firms (either a private duopoly consisting of a pair of for-profit firms or a mixed ...
Bontems, Philippe, Vercammen, James
core   +1 more source

Adverse Selection and the Accelerator [PDF]

This paper reexamines the relationship between financial market imperfections and economic instability. I present a model in which financial accelerator effects come from adverse selection in credit markets.
Christopher L. House
core  

Investment-Based Underperformance Following Seasoned Equity Offerings [PDF]

Adding a return factor based on capital investment into standard, calendar-time factor regressions makes underperformance following seasoned equity offerings largely insignificant and reduces its magnitude by 37-46%.
Evgeny Lyandres, Le Sun, Lu Zhang
core  

Agency Conflicts, Investment, and Asset Pricing [PDF]

Corporations in most countries are run by controlling shareholders whose cash flow rights are substantially smaller than their control rights in the firm.
Neng Wang, Rui Albuquerque
core  

The Dividend and Share Repurchase Policies of Canadian Firms: Empirical Evidence based on New Research Design [PDF]

We empirically investigate dividend and share repurchase policies of Canadian firms. We use several logit regression analyses to test the structure and determinants of the dividend and share repurchase choice.
Dijk, R. van, Jong, A. de, Veld, C.H.
core   +1 more source