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Duchin, Ran - 2009

This paper investigates whether corporate political influence affects government investment decisions. We study the efficacy of the various forms of political influence, ranging from the relatively passive connections between firms and politicians, such as those based on politicians’ voting...

Persistent link: https://www.econbiz.de/10009480986

Divisional Managers and Internal Capital Markets

Duchin, Ran - 2010

Using hand-collected data on divisional managers at the S&P 500 firms, we provide one of the first studies of their role in internal capital budgeting. Divisional managers with connections to the CEO receive more capital. Managers’ informal connections, such as social ties to the CEO, outweigh...

Persistent link: https://www.econbiz.de/10009480987

Essays in Pricing of Credit Risk in Bond and Equity Markets.

This work consists of two essays that investigate the pricing of credit risk in the equity and bond markets.The first essay, ?Is there a Distress Risk Anomaly? Bond Spread as a Proxy for Default Risk,? investigates the pricing of default risk in the cross section of equity returns. The...

Persistent link: https://www.econbiz.de/10009482950

Three Essays in Corporate Finance.

Zhu, Min - 2011

The three essays in this dissertation examine issues related to corporate governance, investment, and financing. In the first essay, I analyze the consequences of CEO succession on board composition. I show that existing independent directors with no social ties to an incoming CEO are more...

Persistent link: https://www.econbiz.de/10009482953

Safer Ratios, Riskier Portfolios: Banks? Response to Government Aid

Duchin, Ran - 2011

-level data on home mortgages and corporate loans. Our difference-indifference analysis indicates that after the bailout, bailed …

Persistent link: https://www.econbiz.de/10009482955

Three Essays in Applied Microeconomic Theory.

Lubensky, Dmitry Y. - 2011

In Chapter 1, I examine the frequent use of recommended retail prices by manufacturers.I present a model in which price recommendations convey information to consumers aboutaggregate market conditions. The manufacturer uses recommendations to directly affect consumers?search and indirectly...

Persistent link: https://www.econbiz.de/10009482957

Three Essays in Financial Economics.

Sokolowsky, Jan - 2011

Chapter 1 is a critique of a highly influential paper in corporate governance. Chhaochharia and Grinstein (2009) estimate that CEO pay decreases 17% more in firms that were not compliant with the recent NYSE/Nasdaq board independence requirement than in firms that were compliant. We document...

Persistent link: https://www.econbiz.de/10009482961

Performance of Gold Monetization scheme in India

Selvakumar, D.S. - 2017

India has topped with largest consumers of gold, next to china in the world. Indians prefer buying gold in the form of jewellery and coins rather than bullion. So, central government has come up with three gold schemes namely GOLD MONETISATION SCHEME, SOVEREIGN GOLD BOND and INDIAN GOLD COIN....

Persistent link: https://www.econbiz.de/10011586122

Housing and Housing Finance—A Review of the Links to Economic Development and Poverty Reduction

Doling, John; Vandenberg, Paul; Tolentino, Jade - Economics and Research Department, Asian Development Bank - 2013

, constituting the most valuable asset owned by most households and often requiring housing finance (mortgages) to allow for purchase …The paper provides a review of the literature that links housing, housing finance, and economic development. The …. These links—between housing and the economy and between housing and housing finance—are explored in this review paper. It …

Persistent link: https://www.econbiz.de/10010992062

Securitization: The Road Ahead

Basurto, Miguel A. Segoviano; Jones, Bradley; Lindner, Peter - International Monetary Fund (IMF) - 2015

The discussion in this note seeks to preserve the beneficial features of securitization while mitigating those that may pose risks to financial stability. A comprehensive set of reformsâ€”targeting both supply- and demand-side inefficienciesâ€”will be needed to put securitization back...

Persistent link: https://www.econbiz.de/10011163129