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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.