Zobrazeno 1 - 10
of 20
pro vyhledávání: '"Jeffrey Zwiebel"'
Publikováno v:
SSRN Electronic Journal.
A standard DCF corporate valuation usually includes a terminal value based on a long-term growth rate to reflect value from beyond the typical forecasting horizon of three to seven years. Despite often having a dominant effect on overall firm value,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::970a8f5fba0139f78bb4156d75de72ba
https://doi.org/10.2139/ssrn.3488902
https://doi.org/10.2139/ssrn.3488902
Autor:
Brett S. Green, Jeffrey Zwiebel
Publikováno v:
Green, BS; & Zwiebel, J. (2017). The Hot-Hand Fallacy: Cognitive Mistakes or Equilibrium Adjustments? Evidence from Major League Baseball. UC Berkeley: Retrieved from: http://www.escholarship.org/uc/item/1nf7w0w8
We test for a “hot hand” (i.e., short-term predictability in performance) in Major League Baseball using panel data. We find strong evidence for its existence in all 10 statistical categories we consider. The magnitudes are significant; being “
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9b5d14dc841a3b9a7772181f786bb1b0
http://www.escholarship.org/uc/item/1nf7w0w8
http://www.escholarship.org/uc/item/1nf7w0w8
Autor:
Jeffrey Zwiebel, Nicolae Gârleanu
Publikováno v:
Review of Financial Studies. 22:749-781
We analyze the design and renegotiation of covenants in debt contracts as a particular example of the contractual assignment of property rights under asymmetric information. In particular, we consider a setting where future flrm investments are e‐c
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f3a1458de1da98ead3e952778367583a
https://doi.org/10.1093/rfs/hhn017
https://doi.org/10.1093/rfs/hhn017
Autor:
Jeffrey Zwiebel, Lars Stole
Publikováno v:
American Economic Review. 93:448-455
The authors consider a wide number of applications of an intrafirm bargaining game within organizations where employees and the firm engage in wage negotiations. Under their presumption that contracts cannot bind employees to the organization, the re
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ec2ab75391616deb8f75bcce5fa32d0c
https://doi.org/10.1257/000282803321455412
https://doi.org/10.1257/000282803321455412
Autor:
Jeffrey Zwiebel
Publikováno v:
Journal of Economic Literature. 40:1215-1220
This excellent book provides the reader with a broad introduction to, and a powerful advocacy of, behavioral finance. In the tradition of the best of the Clarendon Lecture Series, Andrei Shleifer provides a clear context and motivation for a collecti
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::125cdf8de3df708f24e5a0540e00cd9d
https://doi.org/10.1257/002205102762203602
https://doi.org/10.1257/002205102762203602
Autor:
Jeffrey Zwiebel, Brett S. Green
Publikováno v:
SSRN Electronic Journal.
We test for a "hot hand'' (i.e., short-term predictability in performance) in Major League Baseball using panel data. We find strong evidence for its existence in all ten statistical categories we consider. The magnitudes are significant; being "hot"
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fac9100eca0421920254b0de2e116186
https://doi.org/10.2139/ssrn.2358747
https://doi.org/10.2139/ssrn.2358747
Autor:
Jeffrey A. Miron, Jeffrey Zwiebel
Publikováno v:
Journal of Economic Perspectives. 9:175-192
This paper discusses the costs and benefits of drug prohibition. It offers a detailed outline of the economic consequences of drug prohibition and a systematic analysis of the relevant empirical evidence. The bottom line is that a relatively free mar
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::60bd2e895ab19b1d3b7d2a3ed6fda206
https://doi.org/10.1257/jep.9.4.175
https://doi.org/10.1257/jep.9.4.175
Autor:
Jeffrey Zwiebel
Publikováno v:
The Review of Economic Studies. 62:161-185
are much smaller than what is generally considered necessary for control. This paper develops a theory whereby such blocks can confer to their holders partial benefits of control; in particular, small block shareholders can join together and form con
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ad480dee597be46c77f022f2f8290872
https://doi.org/10.2307/2297801
https://doi.org/10.2307/2297801
Autor:
Jeffrey Zwiebel
Publikováno v:
Journal of Political Economy. 103(1):1-25
This paper demonstrates that, in a simple setting with managerial concern for reputation and asymmetric information on ability, most managers may refrain from undertaking innovations that stochastically dominate an industry standard. Common component
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8a612916c4dc9f093c5d45c8c61baa52
Autor:
Marcel Prokopczuk, Ravindra Vadali Sastry, Stephan Siegel, Wayne E. Ferson, Nan Li, Chris Brooks, Vito D. Gala, Rajnish Mehra, Christopher A. Hennessy, Jeffrey Zwiebel, Chris Juilliard, Zhiyao Chen, Stefan Nagel, Ilya A. Strebulaev, Kathy Yuan, Andrea Gamba, Stavros Panageas, Michael S. Roberts
Publikováno v:
SSRN Electronic Journal.
We develop and test a parsimonious contingent claims model for cross-sectional returns of stock portfolios formed on market leverage, book-to-market equity, asset growth rate, and equity size. Since stocks are residual claims on firms' assets that ge
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9c2613155a44046ef412745046a9cb93
https://doi.org/10.2139/ssrn.2018320
https://doi.org/10.2139/ssrn.2018320