Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10001585125
Persistent link: https://www.econbiz.de/10001716113
Persistent link: https://www.econbiz.de/10003276349
Persistent link: https://www.econbiz.de/10003190700
Persistent link: https://www.econbiz.de/10014232121
We contend that the decision between public and private ownership can be understood in a cost-benefit framework where firms trade-off the governance benefits of private ownership with the potentially lower capital costs of public ownership. Consequently, ownership structure can be understood by...
Persistent link: https://www.econbiz.de/10012842610
Using a comprehensive and proprietary data set on international private equity activity, this paper studies the determinants of buyout investments across 61 countries and 19 industries over 1990-2017. The study finds evidence that macroeconomic conditions, development of stock and credit...
Persistent link: https://www.econbiz.de/10012838894
Using a comprehensive and proprietary dataset on international private equity activity, we study the determinants of buyout investments across 61 countries and 19 industries over the period of 1990-2017. We find evidence that macroeconomic conditions, development of stock and credit markets, and...
Persistent link: https://www.econbiz.de/10012839409
Except for relatively short but intense episodes of high market risk, average idiosyncratic risk (IR) falls steadily after 2000 until almost the end of our sample period in 2017. The decrease has been such that from 2012 to 2017 average IR was lower than any time since 1965. The secular decline...
Persistent link: https://www.econbiz.de/10012120300
This paper studies how international capital flows are transmitted from the banking sector to the real sector in a bank-based open economy. The analysis centers on the role of institutions and domestic policies in reducing moral hazard problems and on determining the net benefit of international...
Persistent link: https://www.econbiz.de/10013095039