Similar Search Results

Firm performance and macro-economic variables

McNamara, Ray; Duncan, Keith - 1995

-Push Theories, Monetary Economics, and Savings-Investment theories. Three factors emerged and were labelled as an Output Factor …

Persistent link: https://www.econbiz.de/10009441698

Does Capital Market Myopia Affect Plant Productivity? Evidence from Going Private Transactions

Dittmar, Amy - 2010

decision effects. Also, we do not find evidence that myopic markets lead to under-investment at the establishment level. On the …

Persistent link: https://www.econbiz.de/10009476643

Portfolio Considerations in Automobile Purchases: An Application to the Japanese Market

Wakamori, Naoki - 2011

This dissertation empirically studies demand complementarities in automobile purchases using newly collected Japanese household-level panel data, Keio Household Panel Survey. It is motivated by the observation that approximately one third of Japanese households own more than one automobile and...

Persistent link: https://www.econbiz.de/10009438767

Disentangling Investment Returns and Stock Returns: The Importance of Time-to-Build

Kuehn, Lars-Alexander - 2009

interpreted as evidence for irrational markets since it cannot be reconciled with the Q-theory of investment. …I provide new evidence on the failure of the Q-theory. The Q-theory implies the state-by-state equivalence of stock and … investment returns|a important implication of many asset pricing models. Using aggregate US data, I find there exists a realistic …

Persistent link: https://www.econbiz.de/10009440954

Consumption Volatility Risk

Boguth, Oliver; Kuehn, Lars-Alexander - 2009

Empirically, the conditional volatility of aggregate consumption growth varies over time. While many papers test the consumption CAPM based on realized consumption growth, little is known about how the time-variation of consumption growth volatility affects asset prices. We show that in a model...

Persistent link: https://www.econbiz.de/10009440955

Management Compensation and Earnings-Based Covenants in Resolving Adverse Selection in Credit Markets

Levine, Carolyn B.; Hughes, John S. - 2003

A firm seeks to raise capital in credit markets to fund risky operating activities. The firm has private information about the future cash flows from such activities. Firm owners delegate operating decisions to a manager who privately learns further information about the distribution of those...

Persistent link: https://www.econbiz.de/10009440956

Earnings Dispersion and Aggregate Stock Returns

Jorgensen, Bjorn N.; Li, Jing; Sadka, Gil - 2009

While aggregate earnings should affect aggregate stock returns, standard portfolio theory predicts that the cross …

Persistent link: https://www.econbiz.de/10009440958

Dynamic Suboptimality of Competitive Equilibrium in Multiperiod Overlapping Generations Economies

Henriksen, Espen; Spear, Stephen E - 2006

The question we ask is: within the set of a three-period-lived OLG economies with a stochastic endowment process, a stochastic dividend process, and sequentially incomplete complete markets, under what set of conditions may a set of government transfers dynamically Pareto dominate the laissez...

Persistent link: https://www.econbiz.de/10009440974

Software Licensing: Pay-Per-Use versus Perpetual

Jiang, Bao-Jun; Chen, Pei-Yu; Mukhopadhyay, Tridas - 2007

Piracy has been a major problem for perpetually licensed software. Usage-based licensing architecture such as pay-per-use or software-as-a-service can offer technology-based protection against piracy. We provide an analytical framework to examine the economic implications of pay-per-use versus...

Persistent link: https://www.econbiz.de/10009440988

Should Firms Share Information About Expensive Customers? An Equilibrium Analysis

Mathur, Sameer; Srinivasan, Kannan; Sun, Bao-Hong - 2007

Advances in information technology increasingly allow firms to identify expensive, high-cost customers, who are not only individually less profitable for firms but also raise the average marginal cost incurred by firms and thus impose a negative externality on inexpensive customers. Should...

Persistent link: https://www.econbiz.de/10009440989

1
2
3
4
5
6
7
8
9
10
Next
Last