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Local dividend clienteles
Becker, Bo; Ivković, Zoran; Weisbenner, Scott J. - 2009
"We exploit demographic variation to identify the effect of dividend demand on firm payout policy. Retail investors tend to hold local stocks and older investors prefer dividend-paying stocks. Together, these tendencies generate geographically-varying demand for dividends. Firms headquartered in...
Persistent link: https://www.econbiz.de/10003867058
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Modern management : good for the environment or just hot air?
Bloom, Nicholas; Genakos, Christos; Martin, Ralf; … - 2008
Persistent link: https://www.econbiz.de/10003769813
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Insider econometrics : empirical studies of how management matters
Ichniowski, Casey; Shaw, Kathryn - 2010
Persistent link: https://www.econbiz.de/10003937826
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Matching firms, managers and incentives
Bandiera, Oriana; Prat, Andrea; Guiso, Luigi; Sadun, … - 2011
Persistent link: https://www.econbiz.de/10008822928
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The internal governance of firms
Acharya, Viral V.; Myers, Stewart C.; Rajan, Raghuram Govind - 2009
"We develop a model of internal governance where the self-serving actions of top management are limited by the … value, even with little or no external governance by investors. Internal governance works best when both top management and …
Persistent link: https://www.econbiz.de/10003913453
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Managerial beliefs and corporate financial policies
Malmendier, Ulrike; Tate, Geoffrey; Yan, Jonathan - 2010
"We measure the impact of individual managerial beliefs on corporate financing. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity. We show that such overconfident managers use less external finance and, conditional on accessing...
Persistent link: https://www.econbiz.de/10003926799
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The economics of hedge funds : alpha, fees, leverage, and valuation
Lan, Yingcong; Wang, Neng; Yang, Jinqiang - 2011
"Hedge fund managers are compensated via management fees on the assets under management (AUM) and incentive fees … only paid via management fees, the manager optimally chooses time-invariant leverage to balance the size of allocation to … via both management and incentive fees, we show that (i) the high-powered incentive fees encourage excessive risk taking …
Persistent link: https://www.econbiz.de/10008933608
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Do publicly traded corporations act in the public interest?
Gordon, Roger H. - 1990
Persistent link: https://www.econbiz.de/10000788007
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Tax policy and local labor market behavior
Garrett, Daniel G.; Ohrn, Eric C.; Suárez Serrato, … - 2019
Persistent link: https://www.econbiz.de/10011984076
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Investor ideology
Bolton, Patrick; Li, Tao; Ravina, Enrichetta; … - 2019
Persistent link: https://www.econbiz.de/10012013605