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Keywords:Corporations 

Discussion Paper
A review of corporate restructuring activity, 1980-90

Staff Studies , Paper 161

Conference Paper
The stock market and capital accumulation

The value of a firm's securities measures the value of the firm's productive assets. If the assets include only capital goods and not a permanent monopoly franchise, the value of the securities measures the value of the capital. Finally, if the price of the capital can be measured or inferred, the quantity of the firm's capital is the value divided by the price. A standard model of adjustment costs enables the inference of the price of installed capital. I explore the implications of the proposition using data from U.S. non-farm, non-financial corporations over the past 50 years. The data ...
Proceedings , Issue Apr

Journal Article
Hostile takeovers and the market for corporate control

Economic Perspectives , Volume 13 , Issue Jan

Working Paper
The macroeconomics of firms' savings

The authors document that the U.S. non-financial corporate sector became a net lender in the 2000s, using aggregate and firm-level data. They develop a structural model with investment, debt, and equity. Debt is fiscally advantageous but subject to a no-default borrowing constraint. Equity allows the firm to suspend dividends when the cash flow is negative. Firms accumulate financial assets for precautionary reasons, yet value equity as partial insurance against shocks. The calibrated model replicates the prevalence of net savings in the period 2000-2007 and attributes the rise in corporate ...
Working Papers , Paper 12-1

Journal Article
Corporate governance and responsibility

In the first article this quarter, President Anthony Santomero asks: What is the root of the corporate governance problems that have recently gained the spotlight? Is it the mega-merger frenzy of the 1980s? Overly optimistic forecasts of earnings? Innovations in the financial services industry? Although these factors undoubtedly played some role, President Santomero views governance problems as having deeper roots. In "Corporate Governance and Responsibility," he points out that the central dilemma is one of conflicting interests in organizations - what economists call "the ...
Business Review , Issue Q2 , Pages 1-5

Journal Article
Corporations, child care, and changing times

Offering child-care benefits may improve a company's bottom line.
Cross Sections , Volume 12 , Issue Fall , Pages 1-7

Conference Paper
The free cash flow theory of takeovers: a financial perspective on mergers and acquisitions and the economy

Conference Series ; [Proceedings] , Volume 31 , Pages 102-148

Report
Using cluster analysis as a tool for economic and financial analysis

Research Paper , Paper 9132

Conference Paper
Banking relationships, financial constraints, and investment: are bank- dependent borrowers more financially constrained?

Proceedings , Paper 506

Conference Paper
The management reward structure and risk-taking behavior. of U.S. commercial banks

Proceedings , Paper 320

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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

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