formal-theoretic framework - equity theory - we explore the nexus between the perception of just deserts and honesty …

constraints, and costs of equity issuance. Near the steady state, these intermediaries can raise equity finance at no cost through … credit offered to firms, and requiring the intermediaries to raise further funds by paying the cost to issue equity. This … leads to the occasional sharp increases in interest spreads and the counter-cyclical, positively skewed equity issuance that …

We consider the interplay between income distribution and optimal commodity taxation, linking equity issues to optimal … the equity and efficiency tradeoff and to assess the impact of inequality changes on the optimal taxation of necessity and …

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use … instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old … companies. Equity may be a constraining factor for young companies which have to rely on the original equity investment of their …

, cost effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance …