We develop a model in which an entrepreneur learns about the average profitability of a private firm before deciding … against benefits of private control. The model predicts that firm profitability should decline after the IPO, on average, and … that this decline should be larger for firms with more volatile profitability and firms with less uncertain average …

schooling in Israeli kibbutzim. This pay reform, which induced kibbutz students to improve their academic achievements during … high school, spilled over to non-kibbutz members who attended schools with these kibbutz students. In the short run, peers … of kibbutz students improved their high school outcomes and shifted to courses with higher financial returns. In the …

kinship groups interact with other governance institutions, in particular the role of kinship as a means of elite control …

This paper evaluates various explanations for the profitability of momentum strategies documented in Jegadeesh and …

This paper analyses the effect of a firm's organizational capacity on the reported profitability of multinational …