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Caselli, Francesco - 2012

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...

Persistent link: https://www.econbiz.de/10013101075

Capital Allocation and Productivity in South Europe

Gopinath, Gita - 2015

interest rates. We use data for manufacturing firms in Spain between 1999 and 2012 to document a significant increase in the …

Persistent link: https://www.econbiz.de/10013017502

Minimum Asset Requirements

Shavell, Steven - 2021

Requirements that parties have assets of at least a minimum level in order to participate in an activity are frequently imposed. A principal rationale for minimum asset requirements is considered in this article potential injurers have stronger incentives to prevent harm, or not to engage in...

Persistent link: https://www.econbiz.de/10013220778

The Law and Economics of Self-Dealing

La Porta, Rafael; López-de-Silanes, Florencio; … - 2021

We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for 72 countries based on legal rules prevailing in 2003, and focuses on private...

Persistent link: https://www.econbiz.de/10013222927

Why Do Foreign Firms Leave U.S. Equity Markets?

Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - 2021

This paper investigates Securities and Exchange Commission (SEC) deregistrations by foreign firms from the time the Sarbanes-Oxley Act (SOX) was passed in 2002 through 2008. We test two theories, the bonding theory and the loss of competitiveness theory, to understand why foreign firms leave...

Persistent link: https://www.econbiz.de/10013225033

The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks

Götz, Martin - 2011

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...

Persistent link: https://www.econbiz.de/10013117404

Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010

Aizenman, Joshua - 2011

, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging …

Persistent link: https://www.econbiz.de/10013119605

Private Equity Performance : What Do We Know?

Harris, Robert S. - 2014

We present evidence on the performance of nearly 1400 U.S. private equity (buyout and venture capital) funds using a new research-quality dataset from Burgiss, sourced from over 200 institutional investors. Using detailed cash-flow data, we compare buyout and venture capital returns to the...

Persistent link: https://www.econbiz.de/10013066572

Equity-Holding Institutional Lenders : Do They Receive Better Terms?

Lim, Jongha - 2012

premium is present for both revolver and term loans, and exists within all non-investment grade credit rating classes …

Persistent link: https://www.econbiz.de/10013110247

U.S. International Equity Investment

Ammer, John - 2012

which types of foreign firms are able to attract U.S. investment is not available. Using a comprehensive dataset of all U ….S. investment in foreign equities, we find that the single most important determinant of the amount of U.S. investment a foreign … doubling (or more) in U.S. investment, an impact greater than all other factors combined. We also show that our firm …

Persistent link: https://www.econbiz.de/10013110886