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Title and Abstract Provided at Application. Title: Endogenous Financial Networks: Efficient Modularity and Why Shareholders Prevent It (joint with.

Endogenous Financial Networks: Efficient Modularity and Why Shareholders Prevent It (joint with Jonathon Hazell, MIT and Co-Pierre Georg, Bundesbank and University of Cape Town). ... Endogenous Financial Networks: Efficient Modularity and Why

2. Endogenous Financial Networks: Efficient Modularity and Why Shareholders Prevent It (joint with Co-Pierre Georg, Bundesbank and Jonathon Hazell, MIT). ... workshop in Paris last week. Endogenous Financial Networks: Efficient Modularity and Why

We then develop a general equilibrium model of firm dynamics (endogenous entry, exit and growth) to understand how dispersion in financing costs affects aggregate outcomes such as investment, productivity and misallocation.

We then develop a general equilibrium model of firm dynamics (endogenous entry, exit and growth) to understand how dispersion in financing costs affects aggregate outcomes such as investment, productivity and misallocation.

before writing up and promoting the paper. Endogenous Financial Networks: Efficient Modularity and Why Shareholders Prevent It (joint with.

Neuhann, of endogenous information acquisition by syndicates of lenders with heterogeneous bank scope.

In addition, it is found that the increases in value are more pronounced for larger and more complex firms, firms more exposed to endogenous uncertainty and with important stakeholder relationships. ... The increase in firm value is stronger for larger

Firstly, I make a methodological contribution by refining the notion of debt sustainability, taking into account the possibility of endogenous coordination failures by investors and a generalised maturity structure.

To allow for random and possibly endogenous trading times times, we generalize the results in Vogt (2012) towards sampling times described by point processes.

an endogenous influx of new investors, can lead to a period of rapid run-up in asset.

Finally, we propose a robust identification to the endogenous relationship between director network connections and firm value.

between banks and depositors may lead to endogenous bank fragility and default, associated with a.

project in. Endogenous Financial Networks: Efficient Modularity and Why Shareholders Prevent It (joint with.

Amount Awarded n/a. Project Abstract This paper develops a model of how global macroeconomic conditions affect sovereign bond valuation when debt and default policies are endogenous.

In other words, the informational content of news is endogenous, but whether one hears any news is not.

imperfectly informed investors, together with an endogenous influx of new investors,.

endogenous variables in the equilibrium. Proposition 2. There exists a unique equilibrium with σB1 = 0 if and only.

Ownership structure, organizational reform and corporate reputations. Thomas H. NoeSaïd Business School and Balliol College. University of Oxford. Michael J. RebelloSchool of Management. University of Texas at Dallas. Thomas A. RietzHenry B. Tippie

empirical support that while the endogenous decision to adopt a poison pill is negatively. ... firms more exposed to endogenous uncertainty and with important stakeholder relationships.