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Why Do Companies Go Public? An Empirical Analysis
Pagano, Marco - 1995
decision on a company's investment and financial policy. We compare both the ex ante and the ex post characteristics of IPOs … finance subsequent investment and growth, but to reduce leverage, (iv) going public reduces the cost of bank credit; (v) it is …
Persistent link: https://www.econbiz.de/10012473502
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Productivity and Machinery Investment : A Long Run Look 1870-1980
De Long, J. Bradford - 1991
Over the past century the long-run growth of six economies shows a strong association between investment in machinery …, and that a high rate of machinery investment is a necessary prerequisite for rapid long-run productivity growth - a …
Persistent link: https://www.econbiz.de/10012475084
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Taxes and capital formation
Feldstein, Martin S. (ed.) - 1987
Persistent link: https://www.econbiz.de/10000742921
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Financing corporate capital formation
Friedman, Benjamin M. (ed.) - 1986
Persistent link: https://www.econbiz.de/10000707732
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The formation and stocks of total capital
Kendrick, John W. - 1976
Persistent link: https://www.econbiz.de/10000056090
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The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
Abel, Andrew B. - 2000
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
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Do Debt Flows Crowd Out Equity Flows Or the Other Way Round?
Razin, Assaf - 2000
In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …
Persistent link: https://www.econbiz.de/10012471014
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Information Production and Capital Allocation : Decentralized vs. Hierarchical Firms
Stein, Jeremy C. - 2000
This paper assesses different organizational forms in terms of their ability to generate information about investment …
Persistent link: https://www.econbiz.de/10012471056
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064
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Investment-Cash Flow Sensitivities are not Valid Measures of Financing Constraints
Kaplan, Steven N. - 2000
Kaplan and Zingales [1997] provide both theoretical arguments and empirical evidence that investment-cash flow …
Persistent link: https://www.econbiz.de/10012471108