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Persistent link: https://www.econbiz.de/10005818938
Although both feminist theory and critical theory focus on social and economic inequalities, and both have an agenda of promoting system change, these fields of inquiry have developed separately and seldom draw on each other's work. This paper notes areas of common interest. It assesses the...
Persistent link: https://www.econbiz.de/10005818962
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We study trading behavior and the properties of prices in informationally complex markets. Our model is based on the single-period version of the linear-normal framework of Kyle (1985). We allow for essentially arbitrary correlations among the random variables involved in the model: the true...
Persistent link: https://www.econbiz.de/10011183901
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Using high resolution data, we show that short-sellers (SSs) systematically profit from mutual fund (MF) flows. At the daily level, SSs trade strongly in the opposite direction to MFs. This negative relation is associated with the expected component of MF flows (based on prior days' trading), as...
Persistent link: https://www.econbiz.de/10011183903
This paper investigates the effects of going public on innovation by comparing the innovative activity of firms that went public with firms that withdrew their IPO filing and remained private. NASDAQ fluctuations during the book-building phase are used as an instrument for IPO completion. Using...
Persistent link: https://www.econbiz.de/10011183904
The prevalence and widespread usage of email has given businesses a direct and cost effective way of providing consumers with targeted promotional offers. While targeted promotions are expected to increase the demand for the promoted products, are these promotions effective in increasing...
Persistent link: https://www.econbiz.de/10011183905
How do private equity firms affect their portfolio companies? We document operational changes in restaurant chain buyouts between 2002 and 2012 using comprehensive health inspection records in Florida. Store-level operational practices improve after private equity buyout, as restaurants become...
Persistent link: https://www.econbiz.de/10011183906