Showing 1 - 10 of 131
This paper assesses different organizational forms in terms of their ability to generate information about investment â€¦ likely to be attractive when information about individual projects is soft' and cannot be credibly transmitted. Moreover â€¦, holding fixed firm size, soft information also favors flatter organizations with fewer layers of management. In contrast â€¦
Persistent link: https://www.econbiz.de/10012471056
This paper is an investigation into the determinants of asymmetries in stock returns. We develop a series of cross-sectional regression specifications which attempt to forecast skewness in the daily returns of individual stocks. Negative skewness is most pronounced in stocks that have...
Persistent link: https://www.econbiz.de/10012471074
We investigate the idea that stock-market participation is influenced by social interaction. We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is higher. The model predicts higher...
Persistent link: https://www.econbiz.de/10012470362
Persistent link: https://www.econbiz.de/10000889543
Persistent link: https://www.econbiz.de/10000839123
Persistent link: https://www.econbiz.de/10000810965
Persistent link: https://www.econbiz.de/10000810966
Persistent link: https://www.econbiz.de/10000039944