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Aghion, Philippe (contributor); Van Reenen, John (contributor) - 2009

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...

Persistent link: https://www.econbiz.de/10003867953

Effects of mergers on network models of the financial system

Nevermann, Daniel; Heckmann, Lotta - 2023

assumptions, e.g. connectivity, contagion channel and the merger process, on different static and dynamic stability measures. We … systems. Our main finding is that merger activities can stabilize or destabilize the modelled financial network, depending on … various details such as the connectivity of the network and the assumed merger process. Merger activities can increase …

Persistent link: https://www.econbiz.de/10014435357

Mergers, foreign competition, and jobs : evidence from the U.S. appliance industry

Montag, Felix - 2023 - This version: January 3, 2023

consumer welfare and domestic employment effects of a merger. I construct a model accounting for demand responses, endogenous …

Persistent link: https://www.econbiz.de/10014477395

Mergers, foreign competition, and jobs : evidence from the U.S. appliance industry

Montag, Felix - 2023 - This version: January 3, 2023

consumer welfare and domestic employment effects of a merger. I construct a model accounting for demand responses, endogenous …

Persistent link: https://www.econbiz.de/10014495751

The anatomy of a hospital system merger : the patient did not respond well to treatment

Gaynor, Martin; Sacarny, Adam; Sadun, Raffaella; … - 2022

Persistent link: https://www.econbiz.de/10013172782

Financial repression in general equilibrium : the case of the United States, 1948-1974

Kliem, Martin; Kriwoluzky, Alexander; Müller, Gernot J.; … - 2024

Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...