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Bank CEO Incentives and the Credit Crisis

Fahlenbrach, Rüdiger - 2009

We investigate whether bank performance during the credit crisis of 2008 is related to CEO incentives and share ownership before the crisis and whether CEOs reduced their equity stakes in their banks in anticipation of the crisis. There is no evidence that banks with CEOs whose incentives were...

Persistent link: https://www.econbiz.de/10012463437

Firms' Stakeholders and the Costs of Transparency

Almazan, Andres - 2007

stakeholders. Because there are spillover benefits associated with being associated with a "winner," the perceptions of … stakeholders and potential stakeholders can affect firm value. Our analysis indicates that while transparency (i.e., generating … information regarding the extent to which stakeholders benefit from having a relationship with a high quality firm. These costs …

Persistent link: https://www.econbiz.de/10012464992

Stakeholder, Transparency and Capital Structure

Almazan, Andres - 2003

firms and stakeholders to undertake relationship specific investments. The negative effects of transparency can lead firms …

Persistent link: https://www.econbiz.de/10012468593

Governance and Stakeholders

Mehrotra, Vikas - 2017

stakeholders - entrepreneurial founders or CEOs, employees, employees, customers, suppliers, communities or governments, having …

Persistent link: https://www.econbiz.de/10012455221

Project Appraisal and Foreign Exchange Constraints : A Simple Exposition

Blitzer, Charles R. - 1987

In an earlier paper, we showed that the value of shadow prices depends on how the government contemplates re- equilibrating the economy to the perturbation associated with any project, except in the extreme case where the government has chosen all policy instruments optimally. Only under...

Persistent link: https://www.econbiz.de/10012476904

The Social Cost of Labor, and Project Evaluation : A General Approach

Stiglitz, Joseph E. - 1983

This paper develops a general methodology for analyzing shadow wage (and other shadow prices). Our approach is to identify those reduced form relationships describing the economy which are central to the determination of the shadow wage, and use these to obtain simple formulae for the shadow...

Persistent link: https://www.econbiz.de/10012477868

A Model of Trade and Exchange Rate Projections

Halttunen, Hannu - 1979

This paper develops and applies a model of world trade and exchange rates to analyze dynamic interaction of the current account and exchange rate. The model is designed to concentrate on the determination of trade flows, prices and exchange rates for the OECD member countries but it also covers...

Persistent link: https://www.econbiz.de/10012478759

On the Theory of Productive Saving

Ehrlich, Isaac - 1975

The central thesis of this paper is that the management of portfolios incorporating a variety of investment assets does require the use of time and other scarce resources in searching for, collecting, interpreting, and applying relevant information. Accordingly, the returns on these assets would...

Persistent link: https://www.econbiz.de/10012479054

Take the Q Train : Value Capture of Public Infrastructure Projects

Gupta, Arpit - 2020

Transit infrastructure is a critical asset for economic activity yet costly to build in dense urban environments. We measure the benefit of the Second Avenue Subway extension in New York City by analyzing local real estate prices which capitalize the benefits of transit spillovers. We find that...

Persistent link: https://www.econbiz.de/10012479313

Optimal Policy Projections

Svensson, Lars O. - 2005

We outline a method to provide advice on optimal monetary policy while taking policymakers' judgment into account. The method constructs Optimal Policy Projections (OPPs) by extracting the judgment terms that allow a model, such as the Federal Reserve Board's FRB/US model, to reproduce a...

Persistent link: https://www.econbiz.de/10012467290