, at both the firm and country level, negatively impacts the willingness of foreign investors to hold a firm's equity … expropriate minority equity investors attract significantly less U.S. investment, especially in countries with poor external …

, which we show is consistent both with higher adverse-selection costs of raising outside equity and with greater moral …

denominated debt as an alternative strategy to hedge currency risk, selection bias, and a possible endogeneity between hedging …

We investigate the impact of family blockholders on the firm's debt agency costs under different investor protection …--can mitigate debt agency costs. On the other hand, families--through their unique power position that can lead to private benefits … extraction and higher bankruptcy risk--can exacerbate debt agency costs. The actual impact can go either way and what matters …

held firms. In the cross-section, firms owned by private equity funds average jet fleets at least 40 percent smaller than … if subject to the pressures of private equity ownership. . …

We examine the relation between changes in hedge fund stock holdings and measures of informational efficiency of equity … improvements in the informational efficiency of equity prices. The contribution of hedge funds to price efficiency is greater than …