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Does Greater Public Scrutiny Hurt a Firm's Performance?
Bennett, Benjamin; Stulz, René M.; Wang, Zexi - National Bureau of Economic Research - 2023
Public attention to a firm may provide valuable monitoring, but it may also have a dark side by constraining management's decisions and distracting it. We use inclusion in the S&P 500 index as a positive shock to public attention. Media coverage, Google searches, SEC downloads, SEC comment...
Persistent link: https://www.econbiz.de/10013537752
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The Unicorn Puzzle
Davydova, Daria; Fahlenbrach, Rüdiger; Sanz, Leandro; … - National Bureau of Economic Research - 2022
From 2010 to 2021, 639 US VC-funded firms achieved unicorn status. We investigate why there are so many unicorns and why controlling shareholders give investors privileges to obtain unicorn status. We show that unicorns rely more than other VC-funded firms on organizational capital as well as...
Persistent link: https://www.econbiz.de/10013435166
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A Survey of Private Debt Funds
Block, Jörn; Jang, Young Soo; Kaplan, Steven N.; … - National Bureau of Economic Research - 2023
Despite its large and increasing size in the U.S. and Europe, there is relatively little research on the private debt …
Persistent link: https://www.econbiz.de/10013537762
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The Effects of Going Public on Firm Performance and Commercialization Strategy : Evidence from International IPOs
Larrain, Borja; Phillips, Gordon M.; Sertsios, Giorgo; … - National Bureau of Economic Research - 2021
We study the effects of going public using a unique panel of firms in 16 European countries for which we observe financial data before and after firms' initial-public-offering (IPO) attempts. We compare firms that complete their IPO with firms that withdraw their IPO. We instrument the going...
Persistent link: https://www.econbiz.de/10012629439
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The International Linkage of Real Interest Rates : The European - U.S. Connection
Cumby, Robert E. - 1984
rates has been widespread in the analyses by economic policymakers both in Europe and in the United States. In this paper we … been raised by the recent policy debates in Europe and the United States: Have ex ante real rates in the United States and … Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this …
Persistent link: https://www.econbiz.de/10012477666
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Patents as Options : Some Estimates of the Value of Holding European Patent Stocks
Pakes, Ariel - 1984
In many countries holders of patents must pay an annual renewal fee in order to keep their patents in force. This paper uses data on the proportion of patents renewed, and the renewal fees faced by, post World War II cohorts of patents in France, the United Kingdom, and Germany, in conjunction...
Persistent link: https://www.econbiz.de/10012477754
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The Heights of Europeans Since 1750 : A New Source For European Economic History
Floud, Roderick - 1984
Economic and social historians have traditionally been concerned to measure changes in the income and welfare of populations in the past.Until recently, however, they have not recognized that anthropometric data, such as evidence on the average height achieved by a population at a particular...
Persistent link: https://www.econbiz.de/10012477779
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Immigration and Preferences for Redistribution in Europe
Alesina, Alberto - 2019
We examine the relationship between immigration and attitudes toward redistribution using a newly assembled data set of immigrant stocks for 140 regions of 16 Western European countries. Exploiting within-country variations in the share of immigrants at the regional level, we find that native...
Persistent link: https://www.econbiz.de/10012479516
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The Industry Anatomy of the Transatlantic Productivity Growth Slowdown
Gordon, Robert J. - 2019
By merging KLEMS data sets and aggregating over the ten largest Western European nations (EU-10), we are able to compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are provided at the aggregate level, as well as for 16...
Persistent link: https://www.econbiz.de/10012479654
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Skill of the Immigrants and Vote of the Natives : Immigration and Nationalism in European Elections 2007-2016
Moriconi, Simone - 2018
In this paper we document the impact of immigration at the regional level on Europeans' political preferences as expressed by voting behavior in parliamentary or presidential elections between 2007 and 2016. We combine individual data on party voting with a classification of each party's...
Persistent link: https://www.econbiz.de/10012480728