Showing 1 - 10 of 243
This paper examines reasons for alliance formation between private equity bidders when compared to sole-sponsored private equity deals. Testing a comprehensive set of hypotheses, we find strong evidence for the relative-risk hypothesis of Robinson (2008), as private bidders are more likely to...
Persistent link: https://www.econbiz.de/10010785002
Purpose –This paper aims to propose several factors which can explain the negative relationship between financial constraints and investment-cash flow sensitivity. Design/methodology/approach – The author uses traditional fixed effects model and minimum distance panel estimation by Erickson...
Persistent link: https://www.econbiz.de/10010895041
Persistent link: https://www.econbiz.de/10005478097
We construct a set of household‐level background risk variables to capture the covariance structure of three nonfinancial assets and two financial assets. These risks are in general statistically significant and economically important for a household's stock market participation and...
Persistent link: https://www.econbiz.de/10011085289
We analyze the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) on corporate bond ratings issued by credit rating agencies (CRAs). We find no evidence that Dodd-Frank disciplines CRAs to provide more accurate and informative credit ratings. Instead, following...
Persistent link: https://www.econbiz.de/10011208260
Persistent link: https://www.econbiz.de/10006519012
Persistent link: https://www.econbiz.de/10006532935
Persistent link: https://www.econbiz.de/10006806656
Persistent link: https://www.econbiz.de/10005887534
Persistent link: https://www.econbiz.de/10005887921