Showing 1 - 10 of 701
Shareholders have imperfect ontrol over the decisions of the management of a firm. We integrate a widely accepted version of the separation of ownership and control -- Jensen's (1986) free cash flow theory--into a dynamic equilibrium model and study the effect of imperfect corporate control on...
Persistent link: https://www.econbiz.de/10012468940
In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply
Persistent link: https://www.econbiz.de/10012464126
Persistent link: https://www.econbiz.de/10003761203
Persistent link: https://www.econbiz.de/10003203384
Persistent link: https://www.econbiz.de/10001765335
Persistent link: https://www.econbiz.de/10001944164
Shareholders have imperfect ontrol over the decisions of the management of a firm. We integrate a widely accepted version of the separation of ownership and control -- Jensen's (1986) free cash flow theory--into a dynamic equilibrium model and study the effect of imperfect corporate control on...
Persistent link: https://www.econbiz.de/10012762816
Persistent link: https://www.econbiz.de/10003790731
Persistent link: https://www.econbiz.de/10003793646
Persistent link: https://www.econbiz.de/10003848236