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Hybrid Capital Structures and the Governance of State-Owned Companies : The Case of SABESP

Mirandola, Carlos Mauricio - 2010

Persistent link: https://www.econbiz.de/10013141012

Swallow Poison to Innovate : R&D Investment Under Financial Constraints and Competition

Lin, Danmo - 2019

I build a dynamic model to examine how financial constraints and competition affect firms' research and development ("R&D") strategies. I show that first, financially constrained firms with risky cash flows can optimally over-invest relative to the first best; this is due to the project...

Persistent link: https://www.econbiz.de/10012900793

Are Public Firms Disappearing? Corporate Law and Market Power Analyses

Roe, Mark J.; Wang, Charles C. Y. - 2023

The number of public firms in the United States has halved since the beginning of the twenty-first century, causing consternation among corporate and securities law regulators. The dominant explanations, often advanced by Securities and Exchange commissioners when considering policy initiatives,...

Persistent link: https://www.econbiz.de/10014254336

Accelerability vs. Scalability : R&D Investment under Financial Constraints and Competition

Lin, Danmo - 2023

I develop a continuous-time model to examine how the interaction between competition and financial constraints affects firms' research and development (R&D) strategies. The model integrates two key characteristics of R&D investment: accelerability (i.e., higher R&D intensity leads to faster...

Persistent link: https://www.econbiz.de/10014350038

Empowerment and the dark side of delegation

Kräkel, Matthias - 2018

The existing delegation literature has focused on different preferences of principal and agent concerning project … selection, which makes delegating authority costly for the principal. This paper shows that delegation has a cost even when the … without task commitment and other behavioral effects the principal might forgo delegation though being efficient. …

Persistent link: https://www.econbiz.de/10011795221

Decisions of duopoly firms on sharing information on their delegation contracts

Baik, Kyung Hwan; Lee, Dongryul - In: Review of industrial organization 57 (2020) 1, pp. 145-165

Persistent link: https://www.econbiz.de/10012303502

Predictive analytics and centralization of authority

Labro, Eva; Lang, Mark H.; Omartian, James D. - In: Journal of accounting & economics 75 (2023) 1, pp. 1-19

Persistent link: https://www.econbiz.de/10014282264

Haftungsregeln und Innovation

Czarnitzki, Dirk; Kraft, Kornelius - 2000

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits will be more difficult to receive if liability is limited....

Persistent link: https://www.econbiz.de/10011444773

Foundations of corporate law

Armour, John; Hansmann, Henry B.; Kraakman, Reinier H.; … - 2017

This paper is the first chapter of the third edition of The Anatomy of Corporate Law: A Comparative and Functional Approach, by Reinier Kraakman, John Armour, Paul Davies, Luca Enriques, Henry Hansmann, Gerard Hertig, Klaus Hopt, Hideki Kanda Mariana Pargendler, Georg Ringe, and Edward Rock...

Persistent link: https://www.econbiz.de/10011674057

Shareholder liability and bank failure

Aldunate, Felipe; Jenter, Dirk; Korteweg, Arthur; … - 2021

Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress rate of limited liability banks was 29% higher than that...

Persistent link: https://www.econbiz.de/10012584232