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Do stock price bubbles influence corporate investment?
Gilchrist, Simon (contributor);  … - 2004 - [Elektronische Ressource]
Building on recent developments in behavioral asset pricing, we develop a model in which an increase in the dispersion of investor beliefs under short-selling constraints predicts a "bubble," or a rise in a stock's price above its fundamental value. Our model predicts that managers respond to...
Persistent link: https://www.econbiz.de/10001936312
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The impact of CEO turnover on equity volatility
Clayton, Matthew J. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001752006
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How do stock repurchases affect bank holding company performance?
Hirtle, Beverly J. (contributor) - 2001 - [Elektronische Ressource], draft March 2001
higher levels of repurchases in one year are associated with higher profitability and a lower share of problem loans in the … when they have private information suggesting that the future profitability of the bank is likely to be strong. We find …
Persistent link: https://www.econbiz.de/10001589572
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Tracking the new economy : using growth theory to detect changes in trend productivity
Kahn, James A. (contributor); Rich, Robert W. (contributor) - 2003 - [Elektronische Ressource]
The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …
Persistent link: https://www.econbiz.de/10001751984
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Productivity : what is it, and why do we care about it?
Steindel, Charles (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001589561
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Information technology and the US productivity revival : what do the industry data say?
Stiroh, Kevin J. (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001589618
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What's driving the new economy : the benefits of workplace innovation
Black, Sandra E. (contributor); Lynch, Lisa M. (contributor) - 2001 - [Elektronische Ressource]. - Revised: October 2000
Persistent link: https://www.econbiz.de/10001589696
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Inference, arbitrage, and asset price volatility
Adrian, Tobias (contributor) - 2004 - [Elektronische Ressource], Rev. February 2008
Does the presence of arbitrageurs decrease equilibrium asset price volatility? I study an economy with arbitrageurs, informed investors, and noise traders. Arbitrageurs face a trade-off between arbitrage and inference: they would like to buy assets in response to temporary price declines (the...
Persistent link: https://www.econbiz.de/10002101431
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How valuable is exchange rate flexibility? : Optimal monetary policy under sectoral shocks
Tille, Cédric (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001656406