Narrow search
Showing 1 - 10 of 448
Cover Image
Professor Zipf goes to Wall Street
Malevergne, Yannick - 2009
The heavy-tailed distribution of firm sizes first discovered by Zipf (1949) is one of the best established empirical facts in economics. We show that it has strong implications for asset pricing. Due to the concentration of the market portfolio when the distribution of the capitalization of...
Persistent link: https://www.econbiz.de/10012463355
Cover Image
The Financialization of Commodity Markets
Cheng, Ing-Haw - 2013
The large inflow of investment capital to commodity futures markets in the last decade has generated a heated debate … about whether financialization distorts commodity prices. Rather than focusing on the opposing views concerning whether … investment flows either did or did not cause a price bubble, we critically review academic studies through the perspective of how …
Persistent link: https://www.econbiz.de/10012459020
Cover Image
The Great Leveraging
Taylor, Alan M. - 2012
What can history tell us about the relationship between the banking system, financial crises, the global economy, and economic performance? Evidence shows that in the advanced economies we live in a world that is more financialized than ever before as measured by importance of credit in the...
Persistent link: https://www.econbiz.de/10012460371
Cover Image
Taxes and capital formation
Feldstein, Martin S. (ed.) - 1987
Persistent link: https://www.econbiz.de/10000742921
Cover Image
Financing corporate capital formation
Friedman, Benjamin M. (ed.) - 1986
Persistent link: https://www.econbiz.de/10000707732
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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