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"The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the...
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are low. When examining a large class of corporate financing activities, including equity offerings, convertible bond …. Only recently have papers begun to focus on the corporate financing implications if firms face variations in the cost of … external financing due to the mispricing of securities by the market. …
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