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Keywords:Corporations 

Journal Article
Statement to Congress, February 2, 1989 (corporate restructuring and the need to reduce the federal budget deficit)

Federal Reserve Bulletin , Issue Apr , Pages 267-272

Journal Article
A new concept of the corporation: dynamic enterprise

Regional Review , Issue Win , Pages 19-24

Conference Paper
Providing the corporate environment to foster innovation

Proceedings

Working Paper
Agency problems in public firms: evidence from corporate jets in leveraged buyouts

This paper uses rich, new data to examine the fleets of corporate jets operated by both publicly traded and privately held firms. In the cross-section, firms owned by private equity funds average jet fleets at least 40 percent smaller than observably similar publicly-traded firms. Similar fleet reductions are observed within firms that go private in leveraged buyouts. I discuss assumptions under which comparisons across and within firms provide estimates of lower and upper bounds on the average treatment effect of taking a firm from public to private in a leveraged buyout. Both censored and ...
Finance and Economics Discussion Series , Paper 2011-15

Report
The effects of corporate antitakeover provisions on long-term investment: empirical evidence

This paper's empirical results indicate that the average effect of antitakeover provisions on subsequent long-term investment is negative. The interpretation of these results depends on whether one thinks that there was too much, too little, or just the right amount of long-term investment prior to the antitakeover provision adoption. We use agency theory to devise more refined empirical test of the effects of antitakeover provision adoptions by managers in firms with different incentive and monitoring structures. Governance variables (e.g., percentage of outsiders on corporate boards, and ...
Research Paper , Paper 9618

Journal Article
The churn among firms

Southwest Economy , Issue Jan , Pages 6-9

Working Paper
Perpetual signaling with imperfectly correlated costs

Working Papers , Paper 90-13

Journal Article
The merger boom: an overview

New England Economic Review , Issue Mar , Pages 22-32

Conference Paper
Vintage organization capital

We argue that a firm's organization capital depends on the state of technology when the firm was born and on the technologies that have followed. We estimate vintage effects on the value of firms from 114 years of stock market data. We find: 1) a surprisingly strong upward trend in the stock-market share of the largest firms, 2) a very large quantity of organization capital created by the 1920's vintage, 3) strong indications that the 1970's and 1980's vintages will be followed by more complementary technologies, and 4) major technological change since WW2 in the process by which organization ...
Proceedings , Issue Apr

Conference Paper
The merger boom: proceedings of a conference held October 1987

Conference Series ; [Proceedings] , Volume 31 , Issue Oct

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Rosengren, Eric S. 6 items

Browne, Lynn E. 5 items

Mahoney, James M. 3 items

Mahoney, Joseph T. 3 items

Sundaramurthy, Chamu 3 items

Armenter, Roc 2 items

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Consolidation and merger of corporations 17 items

Management 6 items

Econometric models 4 items

Stock - Prices 4 items

Stock market 4 items

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