This study provides empirical evidence that trade credit durations implied by product distributors' business volumes (implied credit durations) generate business risk for trade credit providers. The study further demonstrates the existence of "optimal"credit durations that minimize business risk...

I find venture capitalists' (VCs') information production activities help decrease uncertainty about the valuations of new innovations within public equity markets, resulting in price convergence within the cross-section of Initial Public Offerings (IPOs) that are backed by different classes of...

Financial Economists have over the years gained many insights from surveys of crop farmers in so far as different aspects of economic activity are concerned. In this study, using micro level survey data obtained from small scale entrepreneurs (farmers), I obtain a strictly concave inverted "U"...

Studies of monetary efficiency have focused principally on output, inflation, unemployment and interest rates as sources of monetary efficiency. This study demonstrates trade balances outperform output, inflation, and unemployment rates as sources of monetary efficiency within domestic...

I find venture capitalists' (VCs') information production activities help decrease uncertainty about asset valuations within public equity markets, resulting in price convergence within the cross-section of Initial Public Offerings (IPOs) that are backed by different classes of VCs and price...

Suppose entrepreneurs within venture capital markets accept 'lower than reservation prices' from reputable venture capitalists (VCs). This study shows negative relations between project prices and VCs' reputation ('reputation price discounts') are best explained by presence of an ability measure...

This study develops an empirical algorithm within which the incentive for signaling of private information in course of IPOs is implemented as a conditional, as opposed to an unconditional incentive. Suppose high quality issuers of IPOs signal private information, and suppose presence of cohorts...