Showing 1 - 10 of 42
Persistent link: https://www.econbiz.de/10001963139
Persistent link: https://www.econbiz.de/10001974753
This paper provides a comprehensive examination of the ways in which companies respond to a country-wide crisis through the restructuring of their assets (through asset sales, mergers or liquidations) or liabilities. We find the restructuring of liabilities to be the most common type of...
Persistent link: https://www.econbiz.de/10005352995
This paper exploits yearly accounting data from 1977 to 1994 to test the relative signaling power of dividends and net stock repurchases. The specification controls for potential agency cost and asset dissipation effects. Specifically, we regress changes in future income before extraordinary...
Persistent link: https://www.econbiz.de/10005065539
Persistent link: https://www.econbiz.de/10003344886
"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …
Persistent link: https://www.econbiz.de/10003148619
Persistent link: https://www.econbiz.de/10003172757
Persistent link: https://www.econbiz.de/10003172790
"This paper shows that economic fluctuations can be largely demand-driven. In particular, the stylized open-economy business cycle regularities documented by Feldstein and Horioka (1980) and Backus, Kehoe and Kydland (JPE 1992) can be explained by the standard general equilibrium theory if...
Persistent link: https://www.econbiz.de/10002956729