搜索结果: 1-15 共查到“理论经济学 Equity”相关记录35条 . 查询时间(0.046 秒)
Private equity critics claim that leveraged buyouts bring huge job
losses and few gains in operating performance. To evaluate these
claims, we construct and analyze a new dataset that covers US
buy...
Comment on Gabaix and Laibson, “The 6D bias and the equity premium puzzle”
premium puzzle Gabaix and Laibson
2015/7/23
An economy populated by a representative agent with power utility predicts
an equity premium which is far below the realized equity premium in postwar
data, at least for “reasonable parameters” for ...
Credit constraints, equity market liberalizations and international trade
Credit constraints equity market liberalizations
2015/7/21
This paper provides evidence that credit constraints are an important determinant of
international trade flows. I exploit shocks to the availability of external finance and examine
the i...
Are Efficiency and Equity in School Finance Substitutes or Complements?
Education finance dramatic finance
2015/7/20
since desegregation, the most important changes to American elementary and secondary schooling have almost certainly been in the realm of school finance. This is not only because dramatic changes have...
Equity Depletion from Government-Guaranteed Debt
Equity Depletion Government-Guaranteed Debt
2015/7/20
Government guarantees of private debt deplete equity. The depletion is greatest during periods when the probability of a guarantee payoff is highest. In a setting otherwise subject to Modigliani-Mille...
Do a Firm's Equity Returns Reflect the Risk of Its Pension Plan?
Equity Profit Risk and Uncertainty Compensation and Benefits
2015/5/13
Do a Firm's Equity Returns Reflect the Risk of Its Pension Plan?
Applying Modern Risk Management to Equity and Credit Analysis
Risk Management Valuation Financial Reporting Decision Making Credit Financial Statements
2015/5/13
Traditional conventions of accounting and actuarial science distort the valuation of capital risk in corporations with pension plans because under these conventions, pension assets and liabilities are...
The Geography of Equity Analysis
Geographic Location Stocks Investment Return Forecasting and Prediction Price Performance
2015/5/13
I provide evidence that geographically proximate analysts are more accurate than other analysts. Stock returns immediately surrounding forecast revisions suggest that local analysts impact prices more...
This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or not to divide the shares equally among all founders. To motivate the empirical an...
Combining Banking with Private Equity Investing
Private Equity Banks and Banking Banking Industry Financial Services Industry
2015/4/28
Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more deb...
Leviathan as a Minority Shareholder: A Study of Equity Purchases by the Brazilian National Development Bank (BNDES),1995-2003
Investment Ownership Stake State Ownership Private Ownership Performance Evaluation
2015/4/24
There is a growing literature comparing the performance of private vs. state-owned companies. Yet, there is little work examining the effects of having the government as a minority shareholder of priv...
Information Risk and Fair Value: An Examination of Equity Betas and Bid-Ask Spreads
Fair Value Accounting Cost of Capital Financial Instruments
2015/4/22
Finance theory suggests that information risk-that is, the uncertainty regarding valuation parameters for an underlying asset-is reflected in firms' equity betas and the information asymmetry componen...
Labor Regulations and European Private Equity
Venture Capital Private Equity Insurance Investment Governing Rules Regulations and Reforms Taxation Employment Europe
2015/4/22
European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more ...
A Monetary Will-O'-The-Wisp: Pursuit of Equity Through Deficit Spending
Pursuit of Equity Through Deficit Spending A Monetary Will-O'-The-Wisp
2014/3/24
A Monetary Will-O'-The-Wisp: Pursuit of Equity Through Deficit Spending。
Binomial Tree Model for Convertible Bond Pricing within Equity to Credit Risk Framework
Binomial Tree Model Bond Pricing Credit Risk
2012/9/14
In the present paper we fill an essential gap in the Convertible Bonds pricing world by deriving a Binary Tree based model for valuation subject to credit risk. This model belongs to the framework kno...