搜索结果: 46-60 共查到“知识库 国际投资学”相关记录302条 . 查询时间(2.821 秒)
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...
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...
Can a Continuously-Liquidating Tontine (or Mutual Inheritance Fund) Succeed where Immediate Annuities Have Floundered?
Age Characteristics Annuities Investment Return Investment Funds Saving Retirement
2015/4/23
A new instrument (the Mutual Inheritance Fund or MIF) is proposed whose purpose is to help people carry their savings forward from the moment they retire into their old age. Like annuities, this instr...
Don't Just Survive-Thrive:Leading Innovation in Good Times and Bad
Organizational Change and Adaptation Risk Management Leading Change Innovation and Management Crisis Management Growth and Development Strategy
2015/4/23
Battered by contracting markets and frozen credit, many businesses today are fighting for survival. Indeed, the current global financial crisis provides a mandate for restructuring. But survival is no...
Stock Price Fragility
Financial Liquidity Stocks Price Market Transactions Ownership Risk and Uncertainty
2015/4/22
We investigate the relationship between ownership structure of financial assets and non-fundamental risk. An asset is fragile if its owners collectively have to buy or sell. Such assets are susceptibl...
Private Equity and Industry Performance
Private Equity Investment ommon Law ndustry Growth erformance Productivity
2015/4/22
The growth of the private equity industry has spurred concerns about its potential impact on the economy more generally. This analysis looks across nations and industries to assess the impact of priva...
Long-Run Stockholder Consumption Risk and Asset Returns
Asset Pricing Stocks Investment Return Investment Portfolio Risk Management
2015/4/22
We provide new evidence on the success of long-run risks in asset pricing by focusing on the risks borne by stockholders. Exploiting micro-level household consumption data, we show that long-run stock...
Catering through Nominal Share Prices
Stocks Stock Shares Investment Investment Return Price Theory Valuation
2015/4/22
We propose and test a catering theory of nominal stock prices. The theory predicts that when investors place higher valuation on low-price firms, managers will maintain share prices at lower levels, ...
Attracting Flows by Attracting Big Clients: Conflicts of Interest and Mutual Fund Portfolio Choice
Investment Funds Investment Portfolio Conflict of Interests Financial Services Industry
2015/4/22
We explore a new channel for attracting inflows using a unique dataset of corporate 401(k) retirement plans and their mutual fund family trustees. Families secure substantial inflows by being named tr...
Inexperienced Investors and Bubbles
Mutual Funds Behavioral Finance Experience Learning Asset Pricing Stock Price Bubble
2015/4/22
We use mutual fund manager data from the technology bubble to examine the hypothesis that inexperienced investors play a role in the formation of asset price bubbles. Using age as a proxy for managers...