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Large banks and small firm lending
Bord, Vitaly M.; Ivashina, Victoria; Taliaferro, Ryan D. - 2018
Persistent link: https://www.econbiz.de/10011944011
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Managerial beliefs and corporate financial policies
Malmendier, Ulrike; Tate, Geoffrey; Yan, Jonathan - 2010
"We measure the impact of individual managerial beliefs on corporate financing. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity. We show that such overconfident managers use less external finance and, conditional on accessing...
Persistent link: https://www.econbiz.de/10003926799
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The economics of hedge funds : alpha, fees, leverage, and valuation
Lan, Yingcong; Wang, Neng; Yang, Jinqiang - 2011
"Hedge fund managers are compensated via management fees on the assets under management (AUM) and incentive fees … only paid via management fees, the manager optimally chooses time-invariant leverage to balance the size of allocation to … via both management and incentive fees, we show that (i) the high-powered incentive fees encourage excessive risk taking …
Persistent link: https://www.econbiz.de/10008933608
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Measuring and explaining management practices across firms and countries
Bloom, Nicholas; Van Reenen, John - 2006
Persistent link: https://www.econbiz.de/10003326113
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Business practices in small firms in developing countries
McKenzie, David J.; Woodruff, Christopher - 2015
Persistent link: https://www.econbiz.de/10011347965
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Endogenous information, menu costs and inflation persistence
Gorodnichenko, Yuriy - 2008
"This paper develops a model where firms make state-dependent decisions on both pricing and acquisition of information. It is shown that when information is not perfect, menu costs combined with the aggregate price level serving as an endogenous public signal generate rigidity in price setting...
Persistent link: https://www.econbiz.de/10003740423
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Technology, information and the decentralization of the firm
Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - 2006
Persistent link: https://www.econbiz.de/10003321682
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Regional trade integration and multinational firm strategies
Antràs, Pol; Foley, C. Fritz - 2009
Persistent link: https://www.econbiz.de/10003835850
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Local dividend clienteles
Becker, Bo; Ivković, Zoran; Weisbenner, Scott J. - 2009
"We exploit demographic variation to identify the effect of dividend demand on firm payout policy. Retail investors tend to hold local stocks and older investors prefer dividend-paying stocks. Together, these tendencies generate geographically-varying demand for dividends. Firms headquartered in...
Persistent link: https://www.econbiz.de/10003867058
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Integrated political strategy
Figueiredo, John M. de - 2009
Persistent link: https://www.econbiz.de/10003851564