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A theory of trickle-down growth and development

Aghion, Philippe - In: The review of economic studies 64 (1997) 2, pp. 151-172

Persistent link: https://www.econbiz.de/10001239951

Market timing, investment, and risk management

Bolton, Patrick; Chen, Hui; Wang, Neng - In: Journal of financial economics 109 (2013) 1, pp. 40-62

Persistent link: https://www.econbiz.de/10009764320

Investment Under Uncertainty with Financial Constraints

Bolton, Patrick - 2014

We develop an integrated theory of investment, seasoned equity offerings (SEOs), liquidation, and corporate savings … payout policies. Facing costly external financing, the firm prefers to fund its investment internally, so that its optimal … substantial delay in investment; (4) A financially constrained firm over-invests in early stages of its life-cycle in an effort to …

Persistent link: https://www.econbiz.de/10013044990

Liquidity and Risk Management : Coordinating Investment and Compensation Policies

Bolton, Patrick - 2015

how liquidity and risk management policies coordinate investment and executive compensation policies to efficiently retain …

Persistent link: https://www.econbiz.de/10012457687

Credit default swaps and the empty creditor problem

Bolton, Patrick; Oehmke, Martin - 2010

Persistent link: https://www.econbiz.de/10003975807

Cream skimming in financial markets

Bolton, Patrick; Santos, Tano; Scheinkman, José Alexandre - 2011

"We propose an equilibrium occupational choice model, where agents can choose to work in the real sector (become entrepreneurs) or to become informed dealers in financial markets. Agents incur costs to become informed dealers and develop skills for valuing assets up for trade. The financial...

Persistent link: https://www.econbiz.de/10008860103