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You are looking at 1-7 of 7 items for:

Business and Management x Economic Growth and Aggregate Productivity x Corporate Governance x clear all

Bankruptcy Codes and Innovation

Viral V. Acharya and Krishnamurthy V. Subramanian.

in The Review of Financial Studies

December 2009; p ublished online April 2009 .

Journal Article. Subjects: Corporate Governance; Law and Economics; Technological Change; Research and Development; Economic Growth and Aggregate Productivity; Economywide Country Studies. 18323 words.

We argue that when bankruptcy code is creditor friendly, excessive liquidations cause levered firms to shun innovation, whereas by promoting continuation upon failure, a debtor-friendly...

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The Evolution of Corporate Ownership after IPO: The Impact of Investor Protection

C. Fritz Foley and Robin Greenwood.

in The Review of Financial Studies

March 2010; p ublished online September 2009 .

Journal Article. Subjects: Corporate Governance; Law and Economics; Economic Growth and Aggregate Productivity. 13871 words.

Panel data on corporate ownership in thirty-four countries between 1995 and 2006 reveal that newly public firms have concentrated ownership regardless of the level of investor protection....

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Institutions, Bailout Policies, and Bank Loan Contracting: Evidence from Korean Chaebols

Raoul Minetti and Sung-Guan Yun.

in Review of Finance

October 2015; p ublished online January 2015 .

Journal Article. Subjects: Development Planning and Policy; Economics; Economic Growth and Aggregate Productivity; Corporate Governance. 18757 words.

In emerging economies, institutional and regulatory constraints can distort loan contracting and, hence, the incentives of lenders and borrowers. Studying the South Korean syndicated loan...

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The revenge of the market on the rentiers.

José Gabriel Palma.

in Cambridge Journal of Economics

July 2009; p ublished online July 2009 .

Journal Article. Subjects: International Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economic Development; International Relations and International Political Economy; Economic Growth and Aggregate Productivity; International Finance; History of Financial Markets and Institutions; Financial Institutions and Services; Corporate Governance. 19819 words.

Starting from the perspective of heterodox Keynesian–Minskyian–Kindlebergian financial economics, this paper begins by highlighting a number of mechanisms that contributed to the current...

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Taxes, Regulations, and the Value of U.S. and U.K. Corporations

Ellen R. McGrattan and Edward C. Prescott.

in The Review of Economic Studies

July 2005; p ublished online July 2005 .

Journal Article. Subjects: Economic Growth and Aggregate Productivity; Corporate Governance; Money and Interest Rates. 16295 words.

We derive the quantitative implications of growth theory for U.S. corporate equity plus net debt over the period 1960–2001. There were large secular movements in corporate equity values...

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Technology Shocks and Job Flows

Claudio Michelacci and David Lopez-Salido.

in The Review of Economic Studies

October 2007; p ublished online October 2007 .

Journal Article. Subjects: Technological Change; Research and Development; Economic Growth and Aggregate Productivity; Corporate Governance. 14342 words.

We consider a version of the Solow growth model where technological progress can be investment specific or investment neutral. The labour market is subject to search frictions, and the...

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A Theory of Income Smoothing When Insiders Know More Than Outsiders

Viral V. Acharya and Bart M. Lambrecht.

in The Review of Financial Studies

September 2015; p ublished online April 2015 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Intertemporal Choice and Growth; Accounting; Economic Growth and Aggregate Productivity; Corporate Governance. 15617 words.

We develop a theory of income and payout smoothing by firms when insiders know more about income than outside shareholders, but property rights ensure that outsiders can enforce a fair...

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