Zobrazeno 1 - 10
of 114
pro vyhledávání: '"Andrew B Abel"'
Autor:
Andrew B Abel, Stavros Panageas
Publikováno v:
The Review of Financial Studies.
For a firm that cannot raise external funds, cash on hand serves as precautionary saving. We derive a closed-form expression for the target level of cash on hand in the presence of persistent cash flows. Contrary to conventional wisdom, a mean-preser
Autor:
Andrew B. Abel, Stavros Panageas
Publikováno v:
SSRN Electronic Journal.
Autor:
Andrew B. Abel, Stavros Panageas
Publikováno v:
SSRN Electronic Journal.
Macroeconomics presents macroeconomic theory in a big-picture way. The text focuses on a single model, to provide you with a clear understanding of macroeconomics and its classical and Keynesian assumptions. Comprehensive coverage helps you analyze r
Macroeconomics presents macroeconomic theory in a big-picture way. The text focuses on a single model, to provide you with a clear understanding of macroeconomics and its classical and Keynesian assumptions. Comprehensive coverage helps you analyze r
Autor:
Stavros Panageas, Andrew B. Abel
We analyze the impact of public health policy on the spread of a disease using a version of the SIR model that includes vital statistics, waning immunity, and vaccination. This model is rich enough to accommodate endemic steady states and disease-fre
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::481c8f0512080f5ee0b7bcebbcb9e773
https://doi.org/10.3386/w27742
https://doi.org/10.3386/w27742
Autor:
Stavros Panageas, Andrew B. Abel
A financial constraint that prevents access to external funds induces non-classical measurement error in average q as a proxy for unobservable marginal q. Unlike classical measurement error, this measurement error biases upward the coefficient on ave
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::576f8100ce6cd0e33a272a9d6fa4e118
https://doi.org/10.3386/w26898
https://doi.org/10.3386/w26898
Autor:
Andrew B Abel, Stavros Panageas
Publikováno v:
SSRN Electronic Journal.
We derive analytic solutions for the valuation, optimal investment, and optimal payout of a financially constrained firm. While marginal $q$ and average $q$ would be identically equal in the absence of financial constraints, they differ when financia
Autor:
Andrew B. Abel, Stavros Panageas
For a firm that cannot raise external funds, cash on hand serves as precautionary saving. We derive a closed-form expression for the target level of cash on hand in the presence of persistent cash flows. Contrary to conventional wisdom, a mean-preser
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ee1df93431f1a67ba0961405ddf47ed8
https://doi.org/10.3386/w26628
https://doi.org/10.3386/w26628
Autor:
Andrew B. Abel
Publikováno v:
Journal of Financial Economics. 128:363-377
I analyze investment, q, and cash flow in a tractable stochastic model in which marginal q and average q are identically equal. I introduce classical measurement error and derive closed-form expressions for the coefficients in regressions of investme