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The extant literature linking slack time to innovation focuses on how slack time facilitates creative activities such … as ideation, experimentation, and prototype development. We turn attention to how slack time may enable activities that …, we report timing and project type evidence consistent with the causal interpretation that slack time drives innovation …
Persistent link: https://www.econbiz.de/10012457532
We decompose the returns differential between U.S. portfolio claims and liabilities into the composition, return, and timing effects. Our most striking and robust finding is that foreigners exhibit poor timing when reallocating between bonds and equities within their U.S. portfolios. The poor...
Persistent link: https://www.econbiz.de/10012463572
We use a fully-specified neoclassical model augmented with costly external equity as a laboratory to study the relations between stock returns and equity financing decisions. Simulations show that the model can simultaneously and in many cases quantitatively reproduce: procyclical equity issuance;...
Persistent link: https://www.econbiz.de/10012466657
to predict stock or bond market returns. Recent research argues that these results may be driven by an aggregate time …
Persistent link: https://www.econbiz.de/10012467866
have weakened or disappeared after the papers that highlighted them were published. At about the same time, practitioners …
Persistent link: https://www.econbiz.de/10012469431
time-varying weight in new lists, and one can decompose the market return into a fixed weight return plus a timing return …
Persistent link: https://www.econbiz.de/10012469664
An analysis of trades in the Finnish stock market around the turn of the year shows that Finnish investors tend to realize losses more than gains towards the end of December. They also buy back the same stocks they recently sold, with a repurchase rate that depends on the size of the capital...
Persistent link: https://www.econbiz.de/10012469970
periods, including those induced by Daylight Saving Time changes, weather conditions and anticipation of major holidays …
Persistent link: https://www.econbiz.de/10012453044
Because successful human capital interventions often fail to scale or replicate, public investment decisions require understanding how program size, context, and implementation shape program effects. This paper uses two new randomized controlled trials of summer youth employment programs in...
Persistent link: https://www.econbiz.de/10012510583
time taken rises 1 to 1 with paid vacation but varies around it, that annual hours worked fall by about 1 full time week … with every week of paid vacation, that the gap between time taken and time paid for is higher for women, union members, and …
Persistent link: https://www.econbiz.de/10012466979