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Results 1 - 10
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7,326
Is public expenditure productive?
- JOURNAL OF MONETARY ECONOMICS
, 1989
"... This paper considers the relationship between aggregate productivity and stock and flow government-spending variables. The empirical results indicate that (i) the nonmilitary public capital stock is dramatically more important in determining productivity than is either the flow of nonmilitary or mil ..."
Abstract
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Cited by 937 (2 self)
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This paper considers the relationship between aggregate productivity and stock and flow government-spending variables. The empirical results indicate that (i) the nonmilitary public capital stock is dramatically more important in determining productivity than is either the flow of nonmilitary
What Do We Know about Capital Structure? Some Evidence from International Data
- Journal of Finance
, 1995
"... We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. We find that factors identified by previous studies as correlated i ..."
Abstract
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Cited by 1027 (15 self)
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We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. We find that factors identified by previous studies as correlated
Department of Economic and Social Affairs, Population Division
, 1999
"... vital interface between global policies in the economic, social and environmental spheres and national action. The Department works in three main interlinked areas: (i) it compiles, generates and analyses a wide range of economic, social and environmental data and information on which Member States ..."
Abstract
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Cited by 505 (3 self)
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of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Symbols of United Nations documents are composed of capital letters
Investment Banking, Reputation and the Underpricing of Initial Public Offerings
- Journal of Financial Economics
, 1986
"... This paper develops and tests two propositions. We demonstrate that there is a monotone relation between the (expected) underpricing of an initial public offering and the uncertainty of investors regarding its value. We also argue that the resulting underpricing equilibrium is enforced by investment ..."
Abstract
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Cited by 351 (14 self)
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This paper develops and tests two propositions. We demonstrate that there is a monotone relation between the (expected) underpricing of an initial public offering and the uncertainty of investors regarding its value. We also argue that the resulting underpricing equilibrium is enforced
Why Do Companies Go Public? - An Empirical Analysis
- Journal of Finance
, 1997
"... This paper analyzes the determinants of initial public offerings (IPOs) in Italy. We compare the ex ante and the ex post characteristics of IPOs with those of a large sample of privately held companies. The likelihood of an IPO is positively related to the company's size and the industry's ..."
Abstract
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Cited by 314 (14 self)
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some important differences between the role played by the equity market in Italy (and likely in other Continental European countries) and in the United States. This paper is part of the research project on "The decision to go public and the stock market as a source of capital," promoted
State versus Private Ownership
, 1998
"... Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the "dynamic vitality" of free enterprise. The great economists of the 1930s and 1 ..."
Abstract
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Cited by 310 (4 self)
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Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the "dynamic vitality" of free enterprise. The great economists of the 1930s
Investor Protection and Equity Markets.
- Journal of Financial Economics
, 2002
"... Abstract We present a simple model of an entrepreneur going public in an environment with poor legal protection of outside shareholders. The model incorporates elements of Becker's (J. Political Econ. 106 (1968) 172) ''crime and punishment'' framework into a corporate finan ..."
Abstract
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Cited by 272 (30 self)
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Abstract We present a simple model of an entrepreneur going public in an environment with poor legal protection of outside shareholders. The model incorporates elements of Becker's (J. Political Econ. 106 (1968) 172) ''crime and punishment'' framework into a corporate
Disclosure, liquidity, and the cost of capital
- Journal of Finance
, 1991
"... This paper shows that revealing public information to reduce information asymme-try can reduce a firm's cost of capital by attracting increased demand from large investors due to increased liquidity of its securities. Large firms will disclose more information since they benefit most. Disclosur ..."
Abstract
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Cited by 251 (8 self)
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This paper shows that revealing public information to reduce information asymme-try can reduce a firm's cost of capital by attracting increased demand from large investors due to increased liquidity of its securities. Large firms will disclose more information since they benefit most
Teachers and student achievement in the Chicago public high schools
, 2003
"... Using unique administrative data on Chicago public high school students and their teachers, we estimate the importance of teachers for student mathematical achievement. We find that teachers are educationally and statistically important. To be sure, sampling variation and other measurement issues ca ..."
Abstract
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Cited by 241 (0 self)
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Using unique administrative data on Chicago public high school students and their teachers, we estimate the importance of teachers for student mathematical achievement. We find that teachers are educationally and statistically important. To be sure, sampling variation and other measurement issues
Using Experimental Economics to Measure Social Capital and Predict Financial Decisions,” Working Paper
, 2002
"... Abstract: Questions remain as to whether results from experimental economics games are generalizable to real decisions in non-laboratory settings. I conduct a survey and two experiments, a Trust game and a Public Goods game, to measure social capital. Social capital purports to provide incentives to ..."
Abstract
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Cited by 229 (21 self)
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Abstract: Questions remain as to whether results from experimental economics games are generalizable to real decisions in non-laboratory settings. I conduct a survey and two experiments, a Trust game and a Public Goods game, to measure social capital. Social capital purports to provide incentives
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7,326
