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Do Banks Time Bond Issuance to Trigger Disclosure, Due Diligence, and Investor Scrutiny?

Covitz, Daniel M. - 2004

This paper tests a new hypothesis that bank managers issue public debt, at least in part, to convey positive, private information and refrain from issuance to hide negative, private information. This positive selection hypothesis is tested against the traditional adverse selection hypothesis. We...

Persistent link: https://www.econbiz.de/10012785682

Limit pricing and entry under incomplete information : an equilibrium analysis

Milgrom, Paul; Roberts, John - In: Econometrica : journal of the Econometric Society, an … 50 (1982) 2, pp. 443-459

Persistent link: https://www.econbiz.de/10002493304

Unternehmertum und Ausgründung : Wissenschaftliche Konzepte und praktische Erfahrungen

Pechlaner, Harald - 2007

Persistent link: https://www.econbiz.de/10004921182

The Exchange Commons

Liebenau, Jonathan; de Fontenay, Alain Bourdeau - 2006

"While the conditions of production give some guidance to what factor groupings are desirable ceteris paribus, they do not determine the boundaries of a neoclassical firm (a legal entity with a residual claimant). Indeed, they could just as well be related to other groupings, such as...

Persistent link: https://www.econbiz.de/10009468315

Governing Social-Ecological Systems

Janssen, Marco A.; Ostrom, Elinor; Tesfatsion, L.; … - 2006

"Social-ecological systems are complex adaptive systems where social and biophysical agents are interacting at multiple temporal and spatial scales. The main challenge for the study of governance of social-ecological systems is improving our understanding of the conditions under which...

Persistent link: https://www.econbiz.de/10009468444

Network Governance of the Commons

Carlsson, Lars; Sandström, Annica - 2006

closely related to network governance and social network theory, than to political administrative hierarchy. However, so far …

Persistent link: https://www.econbiz.de/10009468474

What are the components of complex interventions in healthcare? Theorizing approaches to parts, powers and the whole intervention

Clark, Alexander M. - In: Social Science & Medicine 93 (2013) C, pp. 185-193

The components of complex interventions are frequently discussed, invoked and examined in theory and research but … interventions past approaches variously: downplay complexity, focus on the complicatedness of complex interventions, or emphasize … the complexity of complex interventions. Thus, approaches can be categorized as viewing components variously as: (1) Non …

Persistent link: https://www.econbiz.de/10010737781

Dispersion in beliefs among active mutual funds and the cross-section of stock returns

Jiang, Hao; Sun, Zheng - In: Journal of Financial Economics 114 (2014) 2, pp. 341-365

We propose a measure of dispersion in fund managers׳ beliefs about future stock returns based on their active holdings, i.e., deviations from benchmarks. We find that both the level of and the change in dispersion positively predict subsequent stock returns on a risk-adjusted basis. This effect...

Persistent link: https://www.econbiz.de/10011039248

Global Private Information in International Equity Markets

Albuquerque, Rui; Bauer, Gregor H; Schneider, Martin - C.E.P.R. Discussion Papers - 2006

This paper studies international equity markets when some investors have private information that is valuable for trading in many countries simultaneously. We use a dynamic model of equity trading to show that 'global' private information helps understand US investors’ trading behaviour and...

Persistent link: https://www.econbiz.de/10005667137

Characterizing Asymmetric Information in International Equity Markets

Albuquerque, Rui; Bauer, Gregory; Schneider, Martin - EconWPA - 2004

This paper studies the international portfolio flows of US investors to examine the information structure of international equity markets. We use an empirical model of portfolio flows with both public and private information to extract measures of trades due to private information. We find that...

Persistent link: https://www.econbiz.de/10005125533