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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado:
6 registros
| Registro 1 de 6 |
| Autor: |
Scharfstein, David-S - Stein, Jeremy-C - |
| Título: |
Herd Behavior and Investment: Reply |
| Fuente: |
American Economic Review. v.90, n.3. American Economic Association |
| Páginas: |
pp. 705-06 |
| Año: |
June 2000 |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 2 de 6 |
| Autor: |
Bolton, Patrick - Scharfstein, David-S - |
| Título: |
Corporate Finance, the Theory of the Firm, and Organizations |
| Fuente: |
Journal of Economic Perspectives. v.12, n.4. American Economic Association |
| Páginas: |
pp. 95-114 |
| Año: |
fall 1998 |
| Resumen: |
Much of the modern research on firm boundaries, following Ronald Coase (1937), assumes that firms are run by owner-managers. This contrasts with the agency literature, following Adolph Berle and Gardiner Means (1932), that emphasizes the problems that arise when managers are not owners. In this paper, the authors argue that a richer theory of the firm should integrate Coase and Berle and Means. They illustrate this point by reexamining the oft-cited merger of General Motors and Fisher Body. The authors also show how linking these literatures can be used to understand one of the key roles of corporate headquarters, the allocation of capital. |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
| Registro 3 de 6 |
| Autor: |
Chevalier, Judith-A - Scharfstein, David-S - |
| Título: |
Capital-Market Imperfections and Countercyclical Markups: Theory and Evidence |
| Fuente: |
American Economic Review. v.86, n.4. American Economic Association |
| Páginas: |
pp. 703-25 |
| Año: |
Sept. 1996 |
| Resumen: |
During recessions, output prices seem to rise relative to wages and raw-material prices. One explanation is that imperfectly competitive firms compete less aggressively during recessions. That is, markups of price over marginal cost are countercyclical. The authors present a model of countercyclical markups based on capital-market imperfections. During recessions, liquidity-constrained firms boost short-run profits by raising prices to cut their investments in market share. The authors provide evidence from the supermarket industry in support of this theory. During regional and macroeconomic recessions, more financially constrained supermarket chains raise their prices relative to less financially constrained chains. |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 4 de 6 |
| Autor: |
Chevalier, Judith-A - Scharfstein, David-S - |
| Título: |
Liquidity Constraints and the Cyclical Behavior of Markups |
| Fuente: |
American Economic Review. v.85, n.2. American Economic Association |
| Páginas: |
pp. 390-96 |
| Año: |
May 1995 |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 5 de 6 |
| Autor: |
Scharfstein, David-S - Stein, Jeremy-C - |
| Título: |
Herd Behavior and Investment |
| Fuente: |
American Economic Review. v.80, n.3. American Economic Association |
| Páginas: |
pp. 465-79 |
| Año: |
June 1990 |
| Resumen: |
This paper examines some of the forces that can lead to herd behavior in investment. Under certain circumstances, managers simply mimic the investment decisions of other managers, ignoring substantive private information. Although this behavior is inefficient from a social standpoint, it can be rational from the perspective of managers who are concerned about their reputations in the labor market. The authors discuss applications of the model to corporate investment, the stock markets, and decision-making within firms. |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
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