Showing 1 - 10 of 5,851
We study whether investors' demographic similarity to CEOs affects their investment decisions. Mutual fund managers are …
Persistent link: https://www.econbiz.de/10011664181
SIPP data are used to analyze the wealth of the U.S. foreign-born population. We find that the median wealth level of U.S.-born couples is 2.3 times the median of foreign-born couples, while the median wealth level of U.S.-born singles is three times that of foreign-born singles. Further, there...
Persistent link: https://www.econbiz.de/10011415568
Persistent link: https://www.econbiz.de/10013268941
The standard real-options model predicts that increased uncertainty discourages investment. When projects are large and … take time to build, however, this prediction can be reversed. We investigate the investment/uncertainty relationship …. We find that, in this market, greater uncertainty encourages investment and lowers the price thresholds for many mines …
Persistent link: https://www.econbiz.de/10012976944
idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of … higher returns to equity. Exposure to idiosyncratic risk is measured as the share of the owner’s net worth invested in the … and significant influence of exposure to idiosyncratic risk. This paper improves our understanding of returns to private …
Persistent link: https://www.econbiz.de/10003922530
In this paper we attempt to investigate the importance of certain external factors on the investment decision among … Polish companies. With the use of data from the tailored made Survey on Receivables we examine factors influencing investment … finally we determine the relative influence of these factors on the actual investment reductions. The results showed that …
Persistent link: https://www.econbiz.de/10009789957
In this paper, we attempt to investigate the importance of certain external factors on the investment decisions made by … investment decisions of companies in Poland; (2) assess the relation between branch, company size and investment factors; (3 …) evaluate the importance of the investment factors; and (4) determine the relative influence of these factors on the company …
Persistent link: https://www.econbiz.de/10010253997
Recent research suggests that, public perceptions notwithstanding, members of Congress are rather mediocre investors. Why do the consummate political insiders fail to profit as investors? We consider various explanations that pertain to members' political relationships to public firms. We show...
Persistent link: https://www.econbiz.de/10013067058
We investigate the role of financialization in the decline of investment for U.S. non-financial firms from 1992 - 2017 … to divert resources from real investment to share repurchases to increase stock prices. Using micro-data from U.S. firms … repurchases on capital investment; (ii) to examine the interaction between stock-based CEO pay and the likelihood of share …
Persistent link: https://www.econbiz.de/10013219547
, scope, and investment decisions, and we outline their connection to recent macroeconomic and financial trends in the US …
Persistent link: https://www.econbiz.de/10013362030