The trading of private securities has recently gained greater visibility and importance with the advent of organized, private security exchanges. This paper uses data on IPO firms that list on the SharesPost private securities exchange platform to examine the potential benefits of a listing....

Stock returns are a significant predictor of future capital investment growth and even predict investment growth better than Tobins q. Since the capital investment decision process is fundamental to corporate finance, understanding the potential factors that drive the ability of returns to...

We use an alternative model of capital investment to test for the effects of financing constraints and agency costs of free cash flows. This model, derivable from q theory and based on an established body of prior research, specifies capital investment growth as a function of stock returns....

Purpose – The purpose of this paper is to examine how board compensation and holdings are related to mutual fund expense ratios. Previous studies find that compensation and expense ratios are positively correlated and argue that this relationship is potential evidence of rent sharing, whereby...

Purpose – The purpose of this paper is to examine how board compensation and holdings are related to mutual fund expense ratios. Previous studies find that compensation and expense ratios are positively correlated and argue that this relationship is potential evidence of rent sharing, whereby...