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Disclosure and the Cost of Capital : Evidence from Firms' Responses to the Enron Shock
Leuz, Christian - 2010
that have positive cost of capital shocks and larger financing needs. We also find that firms respond with additional …
Persistent link: https://www.econbiz.de/10012757529
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Related Investing : Corporate Ownership and Capital Mobilization During Early Industrialization
Khan, B. Zorina - 2017
Scholars engage in extensive debate about the role of families and corporations in economic growth. Some propose that personal ties provide a mechanism for overcoming such transactions costs as asymmetrical information, while others regard familial connections as conduits for inefficiency, with...
Persistent link: https://www.econbiz.de/10012965431
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Do companies that benefit from development banks' funding invest more? : new evidence from Brazil
Gomes, Matheus da Costa; Valle, Mauricio Ribeiro do - In: Economic modelling 127 (2023), pp. 1-21
Persistent link: https://www.econbiz.de/10014463739
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The Consequences of Entrepreneurial Finance : A Regression Discontinuity Analysis
Kerr, William - 2014
access to additional financing. Overall, the results suggest that the bundle of inputs that angel investors provide have a …
Persistent link: https://www.econbiz.de/10013070159
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Crowding Out Redefined : The Role of Reserve Accumulation
Reinhart, Carmen - 2013
It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … markedly as public and private sectors look inward when external financing becomes prohibitively costly, altogether impossible …
Persistent link: https://www.econbiz.de/10013072866
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CAPM for Estimating the Cost of Equity Capital : Interpreting the Empirical Evidence
Da, Zhi - 2010
We argue that the empirical evidence against the Capital Asset Pricing Model (CAPM) based on stock returns does not invalidate its use for estimating the cost of capital for projects in making capital budgeting decisions. Since stocks are backed not only by projects in place, but also the...
Persistent link: https://www.econbiz.de/10012757537
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Rating Agencies
Cole, Harold L. - 2014
For decades credit rating agencies were viewed as trusted arbiters of creditworthiness and their ratings as important tools for managing risk. The common narrative is that the value of ratings was compromised by the evolution of the industry to a form where issuers pay for ratings. In this paper...
Persistent link: https://www.econbiz.de/10013056865
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Mandated Financial Reporting and Corporate Innovation
Breuer, Matthias - 2019
We investigate the impact of reporting regulation on corporate innovation activity. Exploiting thresholds in Europe's regulation and a major enforcement reform in Germany, we find that forcing a greater share of firms to publicly disclose their financial statements reduces firms' innovative...
Persistent link: https://www.econbiz.de/10012862416
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Business and Financial Method Patents, Innovation, and Policy
Hall, Bronwyn H. - 2013
Two court decisions in the 1990s are widely viewed as having opened the door to a flood of business method and financial patents at the US Patent and Trademark Office, and to have also impacted other patent offices around the world. A number of scholars, both legal and economic, have critiqued...
Persistent link: https://www.econbiz.de/10012753142
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What drives investment in the telecommunications sector? : some lessons from the OECD countries
Paleologos, John M.; Polemis, Michael L. - In: Economic modelling 31 (2013), pp. 49-57
Persistent link: https://www.econbiz.de/10009725786