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R&D investments, information and strategy

Davis, Lee - 1999

Persistent link: https://www.econbiz.de/10001602686

How Does the Funding Status of Defined Benefit Pension Plans Affect Investment Decisions of Firms in the United States?

Chaudhry, Neeru - 2016

percentile) of pension deficit, investment increase by 6.7 cents (9.4 cents) for every dollar increase in cash. As the pension … deficit increases, firms deviate more from the predicted level of investment. These findings suggest that the incremental …, at a fixed cash level, total investment increases as pension deficit increases …

Persistent link: https://www.econbiz.de/10013005096

Executive Compensation, Share Repurchases and Investment Expenditures : Econometric Evidence from U.S. Firms

Bhargava, Alok - 2011

on firms' share repurchases and research and development and investment expenditures were investigated, taking into …

Persistent link: https://www.econbiz.de/10013134041

Ownership, Governance and US Securities Regulation : The Case for a 'Learning Regulator'

Pichhadze, Aviv - 2014

I examine whether the Securities and Exchange Commission (SEC) in the US is a learning organization (i.e., one that is capable of learning and adaptation to the dynamic nature of the securities markets – the subject of the SEC's regulatory oversight). Using the treatment of public corporate...

Persistent link: https://www.econbiz.de/10013068598

Covenant Prices of US Corporate Bonds

Handler, Lukas; Jankowitsch, Rainer; Weiss, Patrick - 2021

This paper provides a novel approach to empirically determine prices of bond covenants based on transaction data for the US corporate bond market. Thereby, we are the first to measure price effects over the whole lifetime of bond contracts. We find that covenant prices vary significantly over...

Persistent link: https://www.econbiz.de/10013232339

The growing problem of horizontal shareholding

Elhauge, Einer - 2017

Horizontal shareholding exists when significant shareholders have stock in horizontal competitors. (It is often imprecisely called "common shareholding," but that term can also apply when shareholders own stock in two noncompeting corporations. It differs from "cross-shareholding," which...

Persistent link: https://www.econbiz.de/10011685455

New evidence, proofs, and legal theories on horizontal shareholding

Elhauge, Einer - 2018

shareholding increases the distortion of executive compensation and the gap between corporate profits and investment. I also …

Persistent link: https://www.econbiz.de/10011810808

Consistent valuation of project finance and LBO's using the flows-to-equity method

Cooper, Ian; Nyborg, Kjell G. - 2010

A common method of valuing the equity in highly leveraged transactions is the flows-to-equity method. When applying this method various formulas can be used to calculate the time-varying cost of equity. In this paper we show that some commonly used formulas are inconsistent with the assumptions...

Persistent link: https://www.econbiz.de/10008797682

The Effect of Mergers on US Bank Risk in the Short Run and in the Long Run

Brealey, Richard A. - 2019

We examine changes in risk following US bank mergers in the period 1981-2014. Short-run increases in acquirer risk following mergers occur only in the first few mergers undertaken by the same acquirer, and only in systematic risk. The equity volatility of acquirers does not increase. Using a new...

Persistent link: https://www.econbiz.de/10012901410

Creditor-on-Creditor Violence and Secured Debt Dynamics

Antill, Samuel; Wang, Neng; Jiang, Zhaoli - National Bureau of Economic Research - 2024

Secured lenders have recently demanded a new condition in distressed debt restructurings: competing secured lenders must lose priority. We model the implications of this "creditor-on-creditor violence" trend. In our dynamic model, secured lenders enjoy higher priority in default. However,...

Persistent link: https://www.econbiz.de/10015056182