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Oversight of investment banks' response to the lessons of Enron: testimony before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs, U.S. Senate...

Spillenkothen, Richard - Federal Reserve Board (Board of Governors of the … - 2002

Persistent link: https://www.econbiz.de/10010725326

On the sequencing of projects, reputation building, and relationship finance

Egli, Dominik; Ongena, Steven; Smith, David C. - Federal Reserve Board (Board of Governors of the … - 2002

We study the decision an entrepreneur faces in financing multiple projects and show that relationship financing will arise endogenously in an environment where strategic defaults are likely, even when firms have access to arm's-length financing. Relationship financing allows an entrepreneur to...

Persistent link: https://www.econbiz.de/10005498882

Agency problems in public firms: evidence from corporate jets in leveraged buyouts

Edgerton, Jesse - Federal Reserve Board (Board of Governors of the … - 2011

This paper uses rich, new data to examine the fleets of corporate jets operated by both publicly traded and privately held firms. In the cross-section, firms owned by private equity funds average jet fleets at least 40 percent smaller than observably similar publicly-traded firms. Similar fleet...

Persistent link: https://www.econbiz.de/10008872034

Insolvency or liquidity squeeze? Explaining very short-term corporate yield spreads

Covitz, Dan; Downing, Chris - Federal Reserve Board (Board of Governors of the … - 2002

In this paper, we first document some stylized facts about very short-term and long-term corporate yield spreads. We find that short-term spreads are sizable, and the correlations between many firms' short-term and long-term yield spreads are at times negative. We then develop a structural model...

Persistent link: https://www.econbiz.de/10005394132

A review of corporate restructuring activity, 1980-90

Pickering, Margaret Hastings - Federal Reserve Board (Board of Governors of the … - 1991

Persistent link: https://www.econbiz.de/10005401516

Oversight of investment banks' response to the lessons of Enron: testimony before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs, U.S. Senate...

Spillenkothen, Richard - Federal Reserve Board (Board of Governors of the … - 2002

Persistent link: https://www.econbiz.de/10005512623

Is corporate governance ineffective in emerging markets?

Gibson, Michael S. - Federal Reserve Board (Board of Governors of the … - 1999

I test whether corporate governance is ineffective in emerging markets by estimating the link between CEO turnover and firm performance for over 1,200 firms in eight emerging markets. I find two main results. First, CEOs of emerging market firms are more likely to lose their jobs when their...

Persistent link: https://www.econbiz.de/10005513058

The structure of corporate ownership in Japan

Prowse, Stephen D. - Federal Reserve Board (Board of Governors of the … - 1991

Persistent link: https://www.econbiz.de/10005513077

Corporate medium-term notes

Crabbe, Leland - Federal Reserve Board (Board of Governors of the … - 1991

Persistent link: https://www.econbiz.de/10005514161

Comparing the welfare costs and the initial dynamics of alternative temporary stabilization policies

Uribe, Martin - Federal Reserve Board (Board of Governors of the … - 1996

This paper compares the welfare costs and initial dynamics of three alternative inflation stabilization policies using … and real exchange rate from appreciating on impact (MBR). Simulation results suggest that the welfare costs associated … temporary programs and for economies with low degree of currency substitution. ERB and MBR programs produce similar welfare …

Persistent link: https://www.econbiz.de/10005368453