Zobrazeno 1 - 10
of 26
pro vyhledávání: '"Fausto Panunzi"'
Autor:
Sandro Brusco, Fausto Panunzi
Publikováno v:
Annals of Finance. 16:501-527
We study the optimal capital budgeting policy of a firm taking into account the choice between internal and external financing. The manager can dedicate effort either to increase short-term profitability, thus generating greater immediate cash-flow,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::48a7507063301ff90dab3ba3cf9af956
https://doi.org/10.1007/s10436-020-00375-z
https://doi.org/10.1007/s10436-020-00375-z
Publikováno v:
SSRN Electronic Journal.
This paper studies electoral competition over redistributive taxes between a safe incumbent and a risky opponent. As in prospect theory, economically disappointed voters become risk lovers, and hence are attracted by the more risky candidate. We show
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bace6aed7284955cc12098e8c4ade0b9
https://doi.org/10.2139/ssrn.3680459
https://doi.org/10.2139/ssrn.3680459
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::708fa334b328eed316588d36e9b44ed1
https://doi.org/10.2139/ssrn.3689460
https://doi.org/10.2139/ssrn.3689460
Publikováno v:
The Journal of Finance. 69:1129-1165
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9388319e93543cb28e5b0ca8a0852b29
https://doi.org/10.1111/jofi.12142
https://doi.org/10.1111/jofi.12142
Publikováno v:
American Economic Review. 100(5):2414-50
Entrepreneurs may be legally bound to bequeath a minimal stake to noncontrolling heirs. The size of this stake can reduce investment in family firms, by reducing the future income they can pledge to external financiers. Using a purpose-built indicato
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::edc35141217e92855ee719b3ca074b17
http://www.aeaweb.org/articles.php?doi=10.1257/aer.100.5.2414
http://www.aeaweb.org/articles.php?doi=10.1257/aer.100.5.2414
Autor:
Sandro Brusco, Fausto Panunzi
Publikováno v:
European Economic Review. 49:659-681
Diversified firms often trade at a discount with respect to their focused counterparts. The literature has tried to explain the apparent misallocation of resources with lobbying activities or power struggles. We show that diversification can destroy
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::98f7098779972e20a8b22fb3fda7c9a2
https://doi.org/10.1016/s0014-2921(03)00066-7
https://doi.org/10.1016/s0014-2921(03)00066-7
In choosing transparency, firms must trade off the benefits from access to more abundant and cheaper capital against the cost of a greater tax burden. The paper studies this tradeoff in a model with distortionary taxes and endogenous rationing of ext
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::325df702e9dc0e2111fbb48ceaaf1970
http://www.csef.it/WP/wp310.pdf
http://www.csef.it/WP/wp310.pdf
Autor:
Fausto Panunzi
Publikováno v:
Economic Notes. 29:433-439
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e54ed70f963e414381944373f676a59a
https://doi.org/10.1111/1468-0300.00043
https://doi.org/10.1111/1468-0300.00043
Publikováno v:
The Journal of Finance. 55:647-677
We analyze control transfers in firms with a dominant minority blockholder and otherwise dispersed owners, and show that the transaction mode is important. Negotiated block trades preserve a low level of ownership concentration, inducing more ineffic
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1768b99d296635c0c4d676fcd1eb7bc5
https://doi.org/10.1111/0022-1082.00222
https://doi.org/10.1111/0022-1082.00222
Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as in their applications to economics. The book is divided into three parts - Decision Theory, Game Theory,