Narrow search
Showing 1 - 10 of 681
Cover Image
Accounting Standards, Information Flow, and Firm Investment Behavior
Cummins, Jason G. - 1994
We present a description of two different accounting regimes that govern reporting practice in most developed countries. 'One-book' countries, e.g. Germany, use their tax books as the basis for financial reporting and 'two-book' countries, e.g. the United States, keep the books largely separate....
Persistent link: https://www.econbiz.de/10012474247
Cover Image
The Effect of Credit Market Competition on Lending Relationships
Petersen, Mitchell A. - 1994
This paper provides a simple model showing that the extent of competition in credit markets is important in determining …
Persistent link: https://www.econbiz.de/10012473983
Cover Image
Equilibrium Corporate Finance and Intermediation
Bisin, Alberto - 2014
Furthermore, equilibria may display specialization on the part of identical firms and, when equilibria are constrained inefficient, may exhibit excessive aggregate risk. Financial decisions of the corporate sector are determined at equilibrium and depend not only on the nature of financial...
Persistent link: https://www.econbiz.de/10012458322
Cover Image
Property Rights and Finance
Johnson, Simon; Woodruff, Christopher; McMillan, John - 2002
Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....
Persistent link: https://www.econbiz.de/10012469863
Cover Image
From Russia with Love : The Impact of Relocated Firms on Incumbent Survival
Falck, Oliver - 2010
effects are due to increased competition for local resources …
Persistent link: https://www.econbiz.de/10012462515
Cover Image
Customer Capital
Gourio, Francois - 2011
Firms spend substantial resources on marketing and selling. Interpreting this as evidence of frictions in product …
Persistent link: https://www.econbiz.de/10012461466
Cover Image
Distributed Ledgers and Secure Multi-Party Computation for Financial Reporting and Auditing
Cao, Sean Shun; Cong, Lin William; Yang, Baozhong - National Bureau of Economic Research - 2024
, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated …
Persistent link: https://www.econbiz.de/10015056089
Cover Image
Behavioral Corporate Finance : An Updated Survey
Baker, Malcolm - 2011
We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The market timing and catering approach views managerial financing and investment decisions as rational managerial responses to securities mispricing. The managerial biases approach...
Persistent link: https://www.econbiz.de/10012461325
Cover Image
Does Corporate Governance Matter in Competitive Industries?
Giroud, Xavier - 2009
the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that …, firms in competitive industries experience no significant effect. When we examine which agency problem competition mitigates …
Persistent link: https://www.econbiz.de/10012463770
Cover Image
What Drives Differences in Management?
Bloom, Nicholas - 2017
Partnering with the Census we implement a new survey of "structured" management practices in 32,000 US manufacturing … plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within … the same firm. This management variation accounts for about a fifth of the spread of productivity, a similar fraction as …
Persistent link: https://www.econbiz.de/10012455381