Search Results - subject:"capital misallocation"

A model of capital allocation, education, and job choice in China

Lien, Jaimie W.; Wang, Wei; Zheng, Jie - In: The Chinese economy 49 (2016) 5, pp. 307-326

Persistent link: https://www.econbiz.de/10011666668

PUBLIC EDUCATION, MARKET, AND HUMAN CAPITAL FORMATION

Glăvan, Bogdan; Anghel, Flavia; Avrigeanu, Alina - In: Romanian Economic Business Review 5 (2010) 4-1, pp. 17-22

Government’s involvement in the formation of human capital, public schooling in particular, has been amply criticized by a number of authors. It is nevertheless true that individuals can enhance their productivity to some degree if they accumulate human capital. But the process of human...

Persistent link: https://www.econbiz.de/10009144921

Asset Price Regulators, Unite: you have Macroeconomic Stability to Win and the Microeconomic Losses are Second-order

Menzies, G.; Bird, R.; Dixon, P.; Rimmer, M. - Centre of Policy Studies and Impact Project (COPS), … - 2010

The Global Financial Crisis (GFC) has rekindled debate about the desirability of governmental interference in asset markets - either through the operation of policy levers, or, through the chosen institutional setup. In this paper we quantify economic costs due to mispricing of real assets in...

Persistent link: https://www.econbiz.de/10008642295

Internal Capital Market and Capital Misallocation: Evidence from Corporate Spinoffs

Warganegara, Dezie L - 2001

This study investigates the importance of reduced capital misallocation in explaining the gains in corporate spinoffs …. The capital misallocation hypothesis asserts that the internal capital market of a diversified firm fails to meet the … conduct a spinoff. This finding supports the argument that diversified firms conduct spinoffs to reduce capital misallocation …

Persistent link: https://www.econbiz.de/10009475068