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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

10 Jan 2023: stochastic bifurcations. Extended periods of slow appreciations of the high. rate currency are stochastically punctuated by endogenous crashes. ... 1982). The equilibrium is unique, however, and these endogenous slow. booms and sudden crashesare

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.