Similar Search Results

Monitoring a common agent : implications for financial contracting

Khalil, Fahad; Martimort, David; Parigi, Bruno Maria - 2005

We study the problem of multiple principals who want to obtain income from a privately informed agent and design their contracts non-cooperatively. Our analysis reveals that the degree of coordination between principals has strong implications for the shapes of contracts and the amount of...

Persistent link: https://www.econbiz.de/10010261310

Diversification and ownership concentration

Parigi, Bruno Maria; Pelizzon, Loriana - 2005

We consider a mean-variance general equilibrium economy where the expected returns for controlling and non-controlling shareholders are different because the former are able to divert a fraction of the profits. We find that when investor protection is poor, asset return correlation affects...

Persistent link: https://www.econbiz.de/10010261366

Fundamentals, misvaluation, and investment: the real story

Chirinko, Robert S.; Schaller, Huntley - 2007

Is real investment fully determined by fundamentals or is it sometimes affected by stock market misvaluation? We introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama-MacBeth regressions to determine whether overinvestment...

Persistent link: https://www.econbiz.de/10010264073

Subprime crisis and board (in-)competence : private vs. public banks in Germany

Hau, Harald; Thum, Marcel - 2009

We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...

Persistent link: https://www.econbiz.de/10010276835

Technological regimes in the Brazilian manufacturing industry: An empirical investigation

Vieira, Vinicius; Resende, Marcelo - 2013

The paper aims at assessing technological regimes in the context of the Brazilian manufacturing industry along the 2000-2005 period. The industries were classified in terms of SM-I and SM-II technological regimes by means of multivariate statistical methods based on variable approximating...

Persistent link: https://www.econbiz.de/10010291539

The extensive margin of exporting products: A firm-level analysis

Arkolakis, Costas; Muendler, Marc-Andreas - 2010

We use a panel of Brazilian exporters, their products, and destination markets to document a set of regularities for multi-product exporters: (i) few top-selling products account for the bulk of a firm's exports in a market, (ii) the distribution of exporter scope (the number of products per...

Persistent link: https://www.econbiz.de/10010274748

The deepening China Brazil economic relationship

Whalley, John; Medianu, Dana - 2010

We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil …'s largest export market while Brazil's export share to the US has halved. The number of bilateral cooperation agreements between …

Persistent link: https://www.econbiz.de/10010274919

The structure of worker compensation in Brazil, with a comparison to France and the United States

Menezes Filho, Naércio Aquino; Mündler, Marc-Andreas; … - 2006

We employ a comprehensive matched employer-employee data set for Brazil to analyze wage determinants and compare … selectivity of Brazilian workers into formal employment. The links between firm performance and wage components in Brazil resemble …

Persistent link: https://www.econbiz.de/10010275905

A Destination-Based Allowance for Corporate Equity

Hebous, Shafik - 2019

Following renewed academic and policy interest in the destination-based principle for taxing profits—particularly through a destination-based cash flow tax (DBCFT)—this paper studies other forms of efficient destination-based taxes. Specifically, it analyzes the Destination-Based Allowance...

Persistent link: https://www.econbiz.de/10012892223

Job Displacement Insurance and (the Lack of) Consumption-Smoothing

Gerard, Francois - 2019

matched employee-employer data from Brazil, we find that displaced workers eligible for both UI and SP increase consumption at …

Persistent link: https://www.econbiz.de/10012870648

1
2
3
4
5
6
7
8
9
10
Next
Last