This study documents a significant inverse relationship between grievance rates and productivity. It is argued in the …

In this paper we: (1) estimate the effects of international R&D spillovers on total factor productivity growth of the …

domestic shares under full diversification. When stock-market data are directly used, the predicted coefficient of home bias …

equity further improve diversification and raise the entrepreneur's valuation of the firm. Finally, entrepreneurial risk … by a generalized tradeoff model where leverage via risky non-recourse debt provides significant diversification benefits …. More risk-averse entrepreneurs default earlier, but also choose higher leverage, even though leverage makes his equity more …

operated. using plant-level Census Bureau data, we show that productivity is inversely related to the degree of diversification …, the lower the productivity of its plants. Hence de-diversification is one of the means by which recent takeovers have … diversification declined significantly during the second half of the decade. The mean number of industries in which firms operated …

In this article, we examine the effect of the imperfect mobility of goods on international risk sharing and, through … is not monotonic with respect to investors' risk aversion and the aggregate volatility of output growth. Our main result …