搜索结果: 301-315 共查到“国际投资学”相关记录739条 . 查询时间(3.005 秒)
Dividends as Reference Points:A Behavioral Signaling Approach
Risk Management Investment Standards
2015/4/27
We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior divide...
Risky Business: The Impact of Property Rights on Investment and Revenue in the Film Industry
Contracts Revenue Motivation and Incentives Motion Pictures and Video Industry United States
2015/4/27
Our paper tests a key prediction of property rights theory, specifically, that agents will respond to marginal incentives embedded in property rights when making non-contractible, revenue-enhancing in...
Innovation and the Financial Guillotine
Innovation Investing Abandonment Option Failure Tolerance Venture Capital Attitudes
2015/4/27
We examine how investors' tolerance for failure impacts the types of projects they are willing to fund. We show that actions that reduce short-term accountability and thus encourage agents to experime...
Equity overvaluation is thought to create the potential for managerial misbehavior, while monitoring and corporate governance curb misbehavior. We combine these two insights from the literatures on mi...
Search-Based Peer Firms:Aggregating Investor Perceptions Through Internet Co-Searches
Peer Firm EDGAR Search Traffic Revealed Preference Co-Search Industry Classification
2015/4/27
Applying a "co-search" algorithm to Internet traffic at the SEC's EDGAR web-site, we develop a novel method for identifying economically-related peer firms and for measuring their relative importance....
Return Predictability in the Treasury Market:Real Rates,Inflation,and Liquidity
Expectations Hypothesis Term Structure Real Interest Rate Risk Inflation Risk Inflation-Indexed Bonds
2015/4/24
Estimating the liquidity differential between inflation-indexed and nominal bond yields, we separately test for time-varying real rate risk premia, inflation risk premia, and liquidity premia in U.S. ...
The First Deal:The Division of Founder Equity in New Ventures
Business Startups Decision Choices and Conditions Entrepreneurship
2015/4/24
This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or not to divide the shares equally among all founders. To motivate the empirical an...
Signaling to Partially Informed Investors in the Newsvendor Model
Design Saving Motivation and Incentives Behavior Attitudes Interest Rates
2015/4/24
We investigate a puzzling phenomenon in which firms make investment decisions that purposefully do not maximize expected profits. Using an extension to the newsvendor model, we focus on a relatively c...
Tax Policy and the Efficiency of U.S. Direct Investment Abroad
Cash Flow Investment Return oreign Direct Investment nvestment Funds Policy Taxation United States
2015/4/24
Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as reflected in its inclusion among "tax expenditures" and occasional calls for its repeal...
When to Sell Your Idea:Theory and Evidence from the Movie Industry
Decision Choices and Conditions Innovation and Invention Intellectual Property Mathematical Methods Sales Creativity Value Motion Pictures and Video Industry
2015/4/24
I study a model of investment and sale of ideas and test its empirical implications using a novel data set from the market for original movie ideas. Consistent with the theoretical results, I find tha...
Corporate Governance and Internal Capital Markets
Cost vs Benefits Capital Markets Corporate Governance Taxation Ownership
2015/4/23
We exploit an exogenous shock to corporate ownership structures created by a recent tax reform in Germany to explore the link between corporate governance and internal capital markets. We find that fi...
Venture Capital Investment in the Clean Energy Sector
Business Startups Energy Generation Venture Capital Investment Governing Rules Regulations
2015/4/23
We examine the extent to which venture capital is adequately positioned for the rapid commercialization of clean energy technologies in the United States. While there are several startups in clean ene...
Financing Risk and Innovation
Business Startups Venture Capital Financial Markets Financing and Loans Investment Price Bubble
2015/4/23
We provide a model of investment into new ventures that demonstrates why some places, times, and industries should be associated with a greater degree of experimentation by investors. Investors respon...
Making the Numbers? 'Short Termism' and the Puzzle of Only Occasional Disaster
Quality Competency and Skills Motivation and Incentives Auto Industry
2015/4/23
Much recent work in strategy and popular discussion suggests that an excessive focus on "managing the numbers"—delivering quarterly earnings at the expense of longer-term investments—makes it difficul...
A Behavioral Model of Demandable Deposits and Its Implications for Financial Regulation
Banks and Banking Insurance Governing Rules Regulations and Reforms Policy
2015/4/23
A model is developed that rationalizes contracts that give depositors the right to obtain funds on demand even when depositors intend to use these funds for consumption in the future. This is explaine...