Zobrazeno 1 - 10
of 47
pro vyhledávání: '"DAVID SRAER"'
Autor:
David Sraer, David Thesmar
Publikováno v:
American Economic Review. 113:906-938
We propose a method to estimate the effect of firm policies (e.g., bankruptcy laws) on allocative efficiency using (quasi-)experimental evidence. Our approach takes general equilibrium effects into account and requires neither a structural estimation
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4e6bef1a3763cc1b083aabc91666eb1e
https://doi.org/10.1257/aer.20190609
https://doi.org/10.1257/aer.20190609
Publikováno v:
The Journal of Finance. 77:2143-2181
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6dd9f242a969d52dc4da29977f2a6cf9
https://doi.org/10.1111/jofi.13158
https://doi.org/10.1111/jofi.13158
Autor:
David Sraer, Valentin Haddad
Publikováno v:
The Journal of Finance. 75:2465-2502
Banks' balance sheet exposure to fluctuations in interest rates strongly forecasts excess Treasury bond returns. This result is consistent with optimal risk management, a banking counterpart to the household Euler equation. In equilibrium, the bond r
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ef5e6c584cf3849a90537b854dae5b22
https://doi.org/10.1111/jofi.12949
https://doi.org/10.1111/jofi.12949
This paper quantifies the economic costs of distortions in managerial forecasts. We match a unique managerial survey run by the Bank of Italy with administrative data on firm balance sheets and income statements. The resulting dataset allows us to ob
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3cede69df56c5862beff57ee36a6270c
https://doi.org/10.3386/w26830
https://doi.org/10.3386/w26830
Publikováno v:
SSRN Electronic Journal.
This short note is a response to Welch (2020), who claims that our results in Chaney, Sraer and Thesmar (2012) are not robust. We show that none of his findings invalidate our results. Welch makes three major points. First, he correctly points out th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e62639d5f9169ca7fb327f018c33d294
https://doi.org/10.2139/ssrn.3599277
https://doi.org/10.2139/ssrn.3599277
Publikováno v:
PharmacoEconomics. 37(6)
Combinations of healthcare claims data with additional datasets provide large and rich sources of information. The dimensionality and complexity of these combined datasets can be challenging to handle with standard statistical analyses. However, rece
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::913af0ce850c2e085f656ff8f043df84
https://pubmed.ncbi.nlm.nih.gov/30848452
https://pubmed.ncbi.nlm.nih.gov/30848452
Publikováno v:
The Review of Financial Studies. 30:900-947
The liquidity premium theory of interest rates predicts that the Treasury yield curve steepens with inflation uncertainty as investors demand larger risk premiums to hold long-term bonds. By using the dispersion of inflation forecasts to measure this
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::201ae1194a4cb02c3f6012c9cf862e9e
https://doi.org/10.1093/rfs/hhw090
https://doi.org/10.1093/rfs/hhw090
Autor:
Harrison Hong, David Sraer
Publikováno v:
The Journal of Finance. 71:2095-2144
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b6401c44d204e13d97e2110954ba9f83
https://doi.org/10.1111/jofi.12431
https://doi.org/10.1111/jofi.12431
Publikováno v:
other univ website
© 2016 Elsevier B.V.. This paper examines the extent to which individual investors provide liquidity to the stock market and whether they are compensated for doing so. We show that the ability of aggregate retail order imbalances, contrarian in natu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::804a849c8bde5c6b115125182bf44bbf
https://doi.org/10.1016/j.jfineco.2016.01.005
https://doi.org/10.1016/j.jfineco.2016.01.005