Found 5 article(s) for author 'Equity'

Brexit’s Blow To Globalization

Brexit’s Blow To Globalization. Carmen Reinhart, June 29. 2016, Opinion. “The United Kingdom’s Brexit referendum has shaken equity and financial markets around the world. As in prior episodes of contagious financial turmoil, the victory of the “Leave” vote sent skittish global investors toward the usual safe havens. US Treasury bonds rose, and the dollar, Swiss franc, and yen appreciated, most markedly against sterling.Link

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Good cop, bad cop: Complementarities between debt and equity in disciplining management

Good cop, bad cop: Complementarities between debt and equity in disciplining management, Lucy White, October 2014, Paper. “We demonstrate an inherent conflict between ex ante efficient monitoring and liquidation decisions by outside claimholders. We show it can be useful to commit to inefficient liquidation when monitors fail to produce information: this provides stronger incentives to monitor. The implication for firm capital structure is that more information is generated about firm prospects – and hence firm value increases – when a firm’s cash flow is split into a ‘safe’ claim (debt) and a ‘risky’ claim (equity) compared to…” Link

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Resisting the Iron Cage: The Effects of Bureaucratic Reforms to Promote Equity

Resisting the Iron Cage: The Effects of Bureaucratic Reforms to Promote Equity. Frank Dobbin, September 2014, Paper. “Organization scholars since Max Weber have argued that formal personnel systems can prevent discrimination. Studies show both positive and negative effects. We draw on sociological and psychological literatures to develop a nuanced theory of the effects of bureaucracy. Drawing on self-perception and contact theories, we contend that initiatives that engage managers in promoting diversity, such as special recruitment and training programs, will increase diversity…” Link

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The Real Effects of Capital Controls: Liquidity Constraints, Exporters, and Firm Investment

The Real Effects of Capital Controls: Liquidity Constraints, Exporters, and Firm Investment. Laura Alfaro, May 2014, Paper. “This paper evaluates the effects of capital controls on firm-level stock returns and real investment using data from Brazil. Theory suggests that the imposition of capital controls can drive up the cost of capital and curb investment. Credit constraints are also more likely to bind for firms that are more dependent on external finance. The data suggest that there is a significant decline in cumulative abnormal returns for Brazilian firms following the imposition of capital controls in 2008-2009 consistent with…” Link verified August 21, 2014

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Prodigy Network: Democratizing Real Estate Design and Financing

Prodigy Network: Democratizing Real Estate Design and Financing. Karim R. Lakhani, March 2014, Case. “This case follows Rodrigo Nino, founder and CEO of commercial real estate development company Prodigy Network, as he develops an equity-based crowdfunding model for small investors to access commercial real estate in Colombia, then tries out the model in the U.S. U.S. regulations, starting with the Securities Act of 1933, effectively barred sponsors from soliciting small investors for large commercial real estate. However…” May require purchase or user account. Link Verified October 11, 2014

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