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12 May 2024: Abstract: This paper develops a dynamic macroeconomic model with heterogeneous financial intermediaries and endogenous entry. ... It features time-varying endogenous macroeconomic risk that arises from the risk-shifting behaviour of the cross-section of

12 May 2024: The Supply of Skill and Endogenous Technical Change: Evidence from a College Expansion Reform' Journal of the European Economic Association.

12 May 2024: University of Geneva), shows theoretically that firms that exclusively focus on shareholder maximization are more exposed to certain risks that arise from their own investment and production decisions (i.e., “endogenous ... Unfortunately, however, this

12 May 2024: In capital market equilibrium, this tradeoff has implications for the firm's cash flows and stock returns, and this in turn affects the endogenous choice of governance standards. ... We develop a model where a household's beliefs about stock returns are

12 May 2024: Our analysis brings out the rich and subtle interactions between sources of funds (external, internal, and endogenous retained earnings) and the optimal exercising of investment and abandonment options.

12 May 2024: This paper develops a novel theory of price dynamics during bubble-like episodes in a tractable noisy rational expectations model with endogenous investor inflows.

12 May 2024: Taken together, firms’ optimal selling policies create endogenous seasonal operating leverage that is countercyclical: high (low) during seasonal lows (highs) in product demand.

12 May 2024: Search site. Cambridge Endowment for Research in Finance (CERF). Blog-2020. The Rise of Special Purpose Acquisition Company. Sunwoo Hwang, CERF Research Associate, December 2020 . 2020 has been the year of special purpose acquisition companies or

12 May 2024: Search site. Cambridge Endowment for Research in Finance (CERF). Blog-2022. Portfolio Selection, Periodic Evaluations and Risk Taking. By Alex Tse, former CERF Research Associate and winner of the CERF Alumni Association (CERFAS) Best Paper Award.

12 May 2024: Hyun Shin, “Risk Appetite and Endogenous Risk”. Discussant: John Eatwell . Ronnie Sircar, “Games with Exhaustible Resources”.