Search Results
Journal Article
Stock market fundamentals
Conference Paper
Alternative methods of corporate control in commercial banks
Journal Article
Corporate finance in international perspective: legal and regulatory influences on financial system development
In the postwar period, systems of corporate finance and governance have emerged in the United States, Japan, and Germany that are dramatically different from one another. To date, there has been little focus on why. Stephen Prowse argues that differences in three aspects of the legal and regulatory environments in these countries are responsible. First, the severity of legal and regulatory restraints on financial institutions being "active" investors in firms. Second, the degree to which corporate securities markets are suppressed by regulation. Finally, the degree to which securities ...
Discussion Paper
The economics of the private equity market.
The private equity market has become an important source of funds for start-up firms, private middle-market firms, firms in financial distress, and public firms seeking buyout financing. Between 1980 and 1994, the amount of private equity outstanding rose from less than $5 billion to $100 billion. Despite the market's extraordinary growth and its importance to many types of firms, it has received little attention in the financial press or the academic literature. ; This study examines the economic foundations of the private equity market and discusses in detail the market's organizational ...
Journal Article
Is Texas' real estate boom a house of cards?
Journal Article
Recent developments in corporate finance
Journal Article
Government deficits: good, bad or irrelevant?
Conference Paper
Evidence on Japanese corporate ownership