Image: Series: Financeseries Does the Stock Market Harm Investment Incentives? John Asker, Joan Farre-Mensa, Alexander Ljungqvist Incentives, Markets, Securities, Short-termism Series number : Serial Number: 282/2010 Date posted : May 01 2010 Last revised : May 28 2010 SSRN Share Pocket Facebook Twitter LinkedIn Email Copy URL Keywords Corporate investment • short-termism • empire building • Managerial incentives • agency problems • Private companies • IPOs. Published in Published in: Publication Title: Review of Financial StudiesDescription: 28, no. 2 (February 2015): 342-390
M&A For many firms, the acquisition process begins with the development of an acquisition plan that is communicated to investors. We construct a... Read more Sinan GokkayaXi LiuRené Stulz 04 March 2024 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
IPO We examine the implications of special purpose acquisition companies (SPACs) in Korea, where sponsor contracts are better aligned than in the U.S.... Read more Woojin KimYao-Min ChiangBokyung ParkTae Jun Yoon 25 February 2024 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Responsible Capitalism Corporate short-termism, i.e., corporations sacrificing long-term value for short-term profits, has received a lot of attention in the corporate... Read more Tom Vos 01 August 2023 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Markets The Fama-French factors are ubiquitous in empirical finance. We find that factor returns differ substantially depending on when the data were... Read more Pat AkeyAdriana RobertsonMikhail Simutin 26 June 2023 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author