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9 Jul 2024: The rise of market power and the macroeconomic implications. Quarterly Journal of Economics 135, 561–644. ... A cross-country investigation, Quarterly Journal of Economics 112, 1251–1288. Lins, K., H.

modelling boundedly rational agents (Gabaix, 2014, Quarterly Journal of Economics). ... confident that we can produce an interesting piece of work out of this research project.

11 Apr 2024: 2012), ‘The political economy of deforestation in the tropics’, The Quarterly journal of economics 127(4), 1707–1754. ... Bustos, P., Garber, G. & Ponticelli, J. (2020), ‘Capital accumulation and structural transformation’, The Quarterly

9 Jul 2024: Journal of Economics 118(1), 107–156. Jensen, M. C. and Meckling, W. ... Journal of Financial Economics 39:3-43. Cremers, M., and A. Ferrell. 2014.

Information, its acquisition and its dissemination in populations, are at the heart of financial economics, be it in understanding individuals’ or firms’ investment decisions or in the valuation of real and ... DeMarzo, P. M., D. Vayanos and J.

10 Jan 2023: Campbell, J. & Viceira, L. (1999), ‘Consumption and Portfolio Decisions When Expected Returns Are TimeVarying’, The Quarterly Journal of Economics 114(2), 433–495. ... Poterba, J. M. & Summers, L. H. (1988), ‘Mean reversion in stock prices:

9 Jul 2024: Barro, R. J. (2006) ‘Rare disasters and asset markets in the twentieth century’, The Quarterly Journal of Economics 131(4), 1593-1636. ... Gabaix, X. (2012) ‘Variable rare disasters: An exactly solved framework for ten puzzles in macro-finance’,

3. Directors Duties Laws and Long-Term Firm Value. This paper has been presented at academic conferences and seminars and will be submitted to the Quarterly Journal of Economics within the ... Dissemination. 1. Shadow Pills and Long-Term Firm Value. This

10 Jan 2023: Campbell, J. & Viceira, L. (1999), ‘Consumption and Portfolio Decisions When Expected Returns Are TimeVarying’, The Quarterly Journal of Economics 114(2), 433–495. ... Poterba, J. M. & Summers, L. H. (1988), ‘Mean reversion in stock prices:

10 Jan 2023: 61, No. 5 (1993), pp. 989-1018. [14] Darrell Du¢ e; Nicolae Gârleanu; Lasse Pedersen, "Securities Lending,Shorting, and Pricing," Journal of Financial Economics, Vol. ... 66 (2002),pp. 307-339. [15] DavidFrankel; AdyPauzner, "Resolving Indeterminacy

Affect Real Investment1. James Dow2. London Business School. Itay Goldstein3. University of Pennsylvania. ... 1 Introduction. Informational efficiency is a central tenet of financial economics.

10 Jan 2023: of hyperbolic time discounting. While hyperbolic discounting has been linked to a number. ... 3. of understanding the disposition effect, and present a two-period numerical example.

10 Jan 2023: 61, No. 5 (1993), pp. 989-1018. [14] Darrell Du¢ e; Nicolae Gârleanu; Lasse Pedersen, "Securities Lending,Shorting, and Pricing," Journal of Financial Economics, Vol. ... 66 (2002),pp. 307-339. [15] DavidFrankel; AdyPauzner, "Resolving Indeterminacy

prices closer to fundamentals, encouraging pooling at high leverage. Acting as borrower of. ... chennessy@london.edu. We thank seminar participants at Toulouse School of Economics, the Bachelier Seminar, Uni-.

Figure 1 compares the time series of seasoned equity issuance with asset sales. ... While some of these sales may have been motivated by operational reasons, fi-.

Information Acquisition and Corporate Debt Illiquidity. Ilona BabenkoW. P. Carey School of Business,. ... Arizona State University. Lei MaoWarwick Business School,University of Warwick. September 11, 2015.

and the associated economics of scale. Under a multinomial logistic regression framework, I. ... economics of scale. 3.3 Role of the Big Three in the ETF Market.

This cost. has to be set against the tax shield benefits of debt. ... to the risk of liquidation and hence different degrees of effective risk aversion.

sibility of disciplining management through the threat of intervention and. threat of exit. ... terventions, and a stronger disciplinary role played by the threat of exit leads.

19 Jun 2024: LENNART NIERMANNDepartment of Economics, University of Cambridge. This paper studies why countries end up at a disadvantageous point of high debt and higheconomic cost of default. ... reduces markets’ beliefs about the likelihood of a default event