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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.

information production is endogenous. When the production of information is not affected by. ... exogenous (dotted line) and for the case where α is endogenous (solid line).

imperfectly informed investors, together with an endogenous influx of new investors,. ... Finally, the model also. allows for gradual endogenous investor inflows that greatly amplify predicted price.

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

of earnings beyond an endogenous constant cash target level. Other key insights are that.

endogenous debt servicing cost, our model predicts lower optimal debt levels than those. ... endogenous debt servicing costs such that the firm would never default on this debt.

This approach would generate a fixed refinancing cost φAt with an endogenous φ. ... policy whereby the firm invests as soon as asset productivity reaches some endogenous upper.

constrained. bidder. 2. General cash constraints: Endogenous Means of Payment. Equilibrium selection: MPBE in separating thresholds• Type v of bidder i initiates a bid for the target when X (t) reachesthreshold ... General model, auction. Now, bidder i

general equilibrium model with endogenous issuance of internationally traded safe assets.

governments will not be able to benefit from fiscal insurance. This relates to the endogenous.

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

Governing Multiple Firms. Alex Edmans. LBS, CEPR, and ECGI. Doron Levit. Wharton. Devin Reilly. UPenn. September 1, 2016. Abstract. Conventional wisdom is that, when an investor owns multiple firms, governance is. weaker because she is spread too

the optimal endogenous default policy S, for the shareholder value maximization case.

the informational content of endogenous trading times (e.g. Li et al. ... 2004), among others. As endogenous sampling times contribute to the overall variation of our.

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

robust identification to the endogenous relationship between director network. connections and firm value.

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

How do they affect thefirm’s policies? Outline. I Dynamic structural model with endogenous investment andfinancing (with long–term debt with no covenants) decided byshareholders, who deviate from firm value maximization.

2. but are limited, because they do not allow for endogenous means of payment. ... tion of the general model with arbitrary cash constraints. We show that there is endogenous selection.

Lorenzo Ductor, Middlesex); Complexity, institutions and endogenous fragility (Matthew. Elliott, Cambridge) and Theory and experiments on network formation (Sanjeev Goyal,.