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Predicting corporate distress in a turbulent economic and regulatory environment
Altman, Edward I. - In: Rassegna economica : rivista internazionale di economia … 68 (2004) 2, pp. 483-524
Persistent link: https://www.econbiz.de/10003418292
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The Value of Ratings : Evidence from their Introduction in Securities Markets
Bernstein, Asaf; Frydman, Carola; Hilt, Eric - National Bureau of Economic Research - 2023
We study the effects of the first-ever ratings for corporate securities. In 1909, John Moody published a book that partitioned the majority of listed railroad bonds into letter-graded ratings based on his assessments of their credit risk. These ratings had no regulatory implications and were...
Persistent link: https://www.econbiz.de/10014247986
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The finance uncertainty multiplier
Alfaro, Iván; Bloom, Nicholas; Lin, Xiaoji - 2018
financial frictions induces the standard real-options effects on investment and hiring, but also leads firms to hoard cash …, further reducing investment and hiring. We then test the model using a panel of US firms and a novel instrumentation strategy …
Persistent link: https://www.econbiz.de/10011895833
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The Sources of Capital Misallocation
David, Joel M. - 2017
We develop and implement a methodology to disentangle various sources of capital misallocation, i.e., dispersion in static marginal products. Our strategy uses readily observable moments in firm-level data, e.g., capital and revenues, to measure the contributions of technological and...
Persistent link: https://www.econbiz.de/10012455552
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The determinants of corporate venture capital success : organizational structure, incentives, and complementarities
Gompers, Paul A.; Lerner, Joshua - 1998
Persistent link: https://www.econbiz.de/10004378662
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A Theory of Firm Characteristics and Stock Returns : The Role of Investment-Specific Shocks
Kogan, Leonid - 2012
firm characteristics - Tobin's Q, past investment, earnings-price ratios, market betas, and idiosyncratic volatility of … returns by aggregate investment and valuation ratios; and v) a downward sloping term structure of risk premia for dividend … strips. Our model delivers testable predictions about the behavior of firm-level real variables - investment and output …
Persistent link: https://www.econbiz.de/10012460684
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Transaction Cost Regulation
Spiller, Pablo T. - 2011
This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a framework to analyze the interaction between governments and investors fundamentally, but not exclusively, in utility industries. TCR sees regulation as the governance structure of...
Persistent link: https://www.econbiz.de/10012461923
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Disclosure Rules and Declared Essential Patents
Bekkers, Rudi - 2017
Many standard setting organizations (SSOs) require participants to disclose patents that might be infringed by implementing a proposed standard, and commit to license their "essential" patents on terms that are at least fair, reasonable and non-discriminatory (FRAND). Data from these SSO...
Persistent link: https://www.econbiz.de/10012455055
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Organisation und Management
Kräkel, Matthias - 2010 - 4., überarb. und erw. Aufl.
Persistent link: https://www.econbiz.de/10003901873
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La gestione manageriale delle aziende sequestrate
Di Bagnoli, Valentina Sanfelice - In: Rassegna economica : rivista internazionale di economia … 77 (2014) 1, pp. 241-250
Persistent link: https://www.econbiz.de/10010513627