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Elton, Edwin J.; Gruber, Martin J. - 1973

Persistent link: https://www.econbiz.de/10003539520

How Do Financial Systems Affect Economic Performance?

Mayer, Colin; Carlin, Wendy - Department of Economics, Oxford University - 1999

This paper examines the relation between financial, corporate and legal systems, and economic performance in different countries. It reviews international comparisons that undertake detailed analyses of individual, developed countries and studies that use large, cross-country data banks,...

Persistent link: https://www.econbiz.de/10010661381

Multinational Ownership and Subsidiary Investment

Mayer, Colin; Carlin, Wendy - Department of Economics, Oxford University - 2008

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs. We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

Persistent link: https://www.econbiz.de/10011004467

Finance, Investment and Growth

Mayer, Colin; Carlin, Wendy - Department of Economics, Oxford University - 1999

there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …

Persistent link: https://www.econbiz.de/10011133059

Capital markets, ownership and distance

Carlin, Wendy; Charlton, Andrew; Mayer, Colin - London School of Economics (LSE) - 2006

This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our … data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for … investment opportunities of parent and subsidiary firms. We evaluate how the size of ownership and the geographical proximity of …

Persistent link: https://www.econbiz.de/10010884649

Investments, Vol. I: Portfolio Theory and Asset Pricing

Elton, Edwin J.; Gruber, Martin J. - The MIT Press

This collection of articles in investment and portfolio management spans the thirty-five-year collaborative effort of … alternative specifications for return structures; the impact of CAPM and APT in the investment process; and taxes and portfolio …

Persistent link: https://www.econbiz.de/10004973140

Capital Markets, Ownership and Distance

Carlin, Wendy; Charlton, Andrew; Mayer, Colin - C.E.P.R. Discussion Papers - 2006

Persistent link: https://www.econbiz.de/10005124253

Finance, Investment and Growth

Carlin, Wendy; Mayer, Colin - C.E.P.R. Discussion Papers - 1999

there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …

Persistent link: https://www.econbiz.de/10005114188

Public Ownership: Concepts and Applications

Mayer, Colin - C.E.P.R. Discussion Papers - 1987

Public ownership is viewed as a restriction on the portfolio of equities held by investors. Three conditions are required to justify such restrictions. First, monitoring and coordination create concentration in supply or demand. Second, complete contracts must be infeasible or undesirable....

Persistent link: https://www.econbiz.de/10005656213

Banks and Securities Markets: Corporate Financing in Germany and the UK

Alexander, Ian; Mayer, Colin - C.E.P.R. Discussion Papers - 1990

This paper compares corporate financing in the German bank-based and UK market-based systems. Large German firms pay out a lower proportion of their profits as dividends and finance a larger proportion of their investments from retentions. German banks extend more long-term finance to...

Persistent link: https://www.econbiz.de/10005662045