Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Efficient Specific Investment Incomplete Contracts And The Role Of Market Alternatives
Download Efficient Specific Investment Incomplete Contracts And The Role Of Market Alternatives full books in PDF, epub, and Kindle. Read online Efficient Specific Investment Incomplete Contracts And The Role Of Market Alternatives ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis EFFICIENT SPECIFIC INVESTMENT, INCOMPLETE CONTRACTS AND THE ROLE OF MARKET ALTERNATIVES by : W. Bentley MACLEOD
Download or read book EFFICIENT SPECIFIC INVESTMENT, INCOMPLETE CONTRACTS AND THE ROLE OF MARKET ALTERNATIVES written by W. Bentley MACLEOD and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficient Specific Investments, Incomplete Contracts and the Role of Market Alternatives by : William Bentley MacLeod
Download or read book Efficient Specific Investments, Incomplete Contracts and the Role of Market Alternatives written by William Bentley MacLeod and published by . This book was released on 1989 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficient Specific Investments, Incomplete Contracts and the Role of Market Alternatives by : William Bentley MacLeod
Download or read book Efficient Specific Investments, Incomplete Contracts and the Role of Market Alternatives written by William Bentley MacLeod and published by . This book was released on 1989 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis EFFICIENT SPECIFIC INVESTMENTS, INCOMPLETE CONTRACTS, AND THE ROLE OF MARKET ALTERNATIVE by : W. Bentley MACLEOD
Download or read book EFFICIENT SPECIFIC INVESTMENTS, INCOMPLETE CONTRACTS, AND THE ROLE OF MARKET ALTERNATIVE written by W. Bentley MACLEOD and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :William Bentley MacLeod Publisher :Université de Montréal, Centre de recherche et développement en économique ISBN 13 : Total Pages :58 pages Book Rating :4.3/5 ( download)
Book Synopsis Investments, Hold Up and the Form of Market Contracts by : William Bentley MacLeod
Download or read book Investments, Hold Up and the Form of Market Contracts written by William Bentley MacLeod and published by Université de Montréal, Centre de recherche et développement en économique. This book was released on 1991 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Renegotiation, Dynamic Efficiency, and Vertical Restraints in Electricity Marketing Contracts by : Dean V. Williamson
Download or read book Renegotiation, Dynamic Efficiency, and Vertical Restraints in Electricity Marketing Contracts written by Dean V. Williamson and published by . This book was released on 2003 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Journal of Institutional and Theoretical Economics by :
Download or read book Journal of Institutional and Theoretical Economics written by and published by . This book was released on 2006 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Firms, Contracts, and Financial Structure by : Oliver Hart
Download or read book Firms, Contracts, and Financial Structure written by Oliver Hart and published by Clarendon Press. This book was released on 1995-10-05 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a framework for thinking about economic instiutions such as firms. The basic idea is that institutions arise in situations where people write incomplete contracts and where the allocation of power or control is therefore important. Power and control are not standard concepts in economic theory. The book begins by pointing out that traditional approaches cannot explain on the one hand why all transactions do not take place in one huge firm and on the other hand why firms matter at all. An incomplete contracting or property rights approach is then developed. It is argued that this approach can throw light on the boundaries of firms and on the meaning of asset ownership. In the remainder of the book, incomplete contacting ideas are applied to understand firms' financial decisions, in particular, the nature of debt and equity (why equity has votes and creditors have foreclosure rights); the capital structure decisions of public companies; optimal bankruptcy procedure; and the allocation of voting rights across a company's shares. The book is written in a fairly non-technical style and includes many examples. It is aimed at advanced undergraduate and graduate students, academic and business economists, and lawyers as well as those with an interest in corporate finance, privatization and regulation, and transitional issues in Eastern Europe, the former Soviet Union, and China. Little background knowledge is required, since the concepts are developed as the book progresses and the existing literature is fully reviewed.
Book Synopsis The Theory of Corporate Finance by : Michael J. Brennan
Download or read book The Theory of Corporate Finance written by Michael J. Brennan and published by . This book was released on 1996 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt: These volumes deal with corporate finance issues including shareholders' objectives, adverse selection, and reputation. Also covered is the application of the paradigms of corporate finance to some aspects of corporate financial decisions and relationships, such as insider trading.
Book Synopsis Studies in Financial Institutions by : Christopher M. James
Download or read book Studies in Financial Institutions written by Christopher M. James and published by McGraw-Hill Companies. This book was released on 1994 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of CEO Equity Compensation in an Incomplete Contracting Framework by : Matthias Kiefer
Download or read book An Analysis of CEO Equity Compensation in an Incomplete Contracting Framework written by Matthias Kiefer and published by Matthias Kiefer. This book was released on 2015-01-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: I investigate whether equity grants increase the costs of CEO dismissal or departure (Oyer, 2004; Almazan and Suarez, 2003). I argue that costs of dismissal are increased because equity grants become exercisable upon forced departure. Equity grants can increase the costs of leaving because voluntarily departing CEOs forfeit equity compensation upon departure. I follow Rajgopal, Shevlin and Zamora (2006) in linking CEO equity compensation to a measure of labor market competition in a sample of S&P1500 companies from 1996 to 2010. I find that the intensity of labor market competition measured by a Herfindahl-Hirschman Index across industries and states affects equity grants and that the correlation is reversed in the penultimate year of forced CEO departure. This is consistent with the view that CEOs are concerned about being replaced in competitive labor markets and therefore demand more compensation that converts into severance pay. Conversely, when a dismissal is anticipated, I argue that CEOs are concerned about finding new employment and are then insured against a lack of outside opportunities. In addition, I conduct an empirical investigation of the relationship between stock options, restricted stock grants and other long-term compensation between 2001 and 2006. I argue that the Sarbanes-Oxley Act did not increase managerial accountability (see for example Cohen, Dey and Lys, 2005) and that new accounting rules did not increase accounting costs of stock options (see for example Hayes, Lemmon and Qiu, 2012). Instead, I suggest that the effective prohibition of executive loans from firms and brokers made it prohibitively costly for CEOs to exercise stock options. I find that stock options began to be replaced with other long-term compensation as early as 2004. CEOs began to accumulate vested but unexercised stock options. I do not find evidence that CEOs sold vested stock to raise funds.In the final empirical chapter, I consider whether a Herfindahl-Hirschman Index across industries and states can be interpreted as a proxy for labor market competition. Aggarwal and Samwick (1999) argue that it is product market competition that affects CEO equity grants. My results are consistent with Rajgopal, Shevlin and Zamora (2006) who do not find evidence that product market competition has any significant impact on equity grants. Instead, I find that labor market competition retains a significant and positive impact in our tests, and notably holds for the largest single product market. The principal limitations of the project were found to be the difficulty of collecting data of intended turnover and classifying it into forced and voluntary turnover. With respect to loans to executives, loans by brokers are usually not disclosed. This study is the first to analyze equity compensation as severance arrangement. CEO cash constraints in exercising options is an unexplored explanation for their disappearance.
Author :William Bentley MacLeod Publisher :Université de Montréal, Centre de recherche et développement en économique ISBN 13 : Total Pages :48 pages Book Rating :4.3/5 ( download)
Book Synopsis Wage Premiums and Profit Maximisation in Efficiency Wage Models by : William Bentley MacLeod
Download or read book Wage Premiums and Profit Maximisation in Efficiency Wage Models written by William Bentley MacLeod and published by Université de Montréal, Centre de recherche et développement en économique. This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Evolution of Economic Diversity by : Antonio Nicita
Download or read book The Evolution of Economic Diversity written by Antonio Nicita and published by Routledge. This book was released on 2013-12-16 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: The traditional role of evolutionary theory in the social sciences has been to explain the existence of an object in terms of the survival of the fittest. In economics this approach has acted as a justification for hypotheses such as profit maximisation, or the existence of institutions in terms of their overall efficiency. This volume challenges that view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterised human societies.
Book Synopsis The New Palgrave Dictionary of Economics by :
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Book Synopsis Advanced Microeconomics for Contract, Institutional, and Organizational Economics by : W. Bentley MacLeod
Download or read book Advanced Microeconomics for Contract, Institutional, and Organizational Economics written by W. Bentley MacLeod and published by MIT Press. This book was released on 2022-04-05 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: A graduate textbook on microeconomics, covering decision theory, game theory, and the foundations of contract theory, with a unique focus on the empirical. This graduate-level text on microeconomics, covering such topics as decision theory, game theory, bargaining theory, contract theory, trade under asymmetric information, and relational contract theory, is unique in its emphasis on the interplay between theory and evidence. It reviews the microeconomic theory of exchange “from the ground up,” aiming to produce a set of models and hypotheses amenable to empirical exploration, with particular focus on models that are useful for the study of contracts, institutions, and organizations. It explores research that extends price theory to the exchange of commodities when markets are incomplete, discussing recent developments in the field. Topics covered include the relationship between theory and evidence; decision theory as it is used in contract theory and institutional design; game theory; axiomatic and strategic bargaining theory; agency theory and the class of models that are considered to constitute contract theory, with discussions of moral hazard and trade with asymmetric information; and the theory of relational contracts. The final chapter offers a nontechnical review that provides a guide to which model is the most appropriate for a particular application. End-of-chapter exercises help students expand their understanding of the material, and an appendix provides brief introduction to optimization theory and the welfare theorem of general equilibrium theory. Students are assumed to be familiar with general equilibrium theory and basic constrained optimization theory.
Book Synopsis The Theory of Transaction in Institutional Economics by : Massimiliano Vatiero
Download or read book The Theory of Transaction in Institutional Economics written by Massimiliano Vatiero and published by Routledge. This book was released on 2020-07-08 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both Old and New Institutional Economics and on a variety of interdisciplinary sources, this monograph traces the history of the meaning of transaction in institutional economics, mapping its topicality and use over time. This manuscript treats the idea of ‘transaction’ as a construct with legal, competitive and political dimensions, and connects different approaches within institutional economics. The book covers the contributions of key thinkers from different schools, including (in alphabetical order) Ronald H. Coase, John R. Commons, Robert Lee Hale, Oliver Hart, Mancur Olson, Thorstein Veblen and Olver E. Williamson. This book will be of interest to advanced students and researchers of institutional economics, law and economics, and economics, and the history of economic thought.
Book Synopsis The Costs and Benefits of Ownership by : Sanford J. Grossman
Download or read book The Costs and Benefits of Ownership written by Sanford J. Grossman and published by . This book was released on 1984 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
