Working Paper
Agency problems in public firms: evidence from corporate jets in leveraged buyouts
Edgerton, Jesse (2011)
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

Journal Article
Executive equity compensation and incentives: a survey
Larcker, David F.; Core, John E.; Guay, Wayne R. (2003-04)
Stock and option compensation and the level of managerial equity incentives are aspects of corporate governance that are especially controversial to shareholders, institutional activists, and government regulators. Similar to much of the corporate finance and corporate governance literature, research on stock-based compensation and incentives has not only generated useful insights, but also produced many contradictory findings. Not surprisingly, many fundamental questions remain unanswered. In this study, the authors synthesize the broad literature on equity-based compensation and executive ...
Economic Policy Review , Volume 9 , Issue Apr , Pages 27-50

Journal Article
Interview : Mickey Levy
Steelman, Aaron (2003-10)
Econ Focus , Volume 7 , Issue Fall , Pages 32-35

Journal Article
Interview : Al Broaddus and Tom Humphrey
Steelman, Aaron (2004-10)
Econ Focus , Volume 8 , Issue Fall , Pages 30-34

Journal Article
Interview : Robert Litan
Steelman, Aaron (2003-01)
Econ Focus , Volume 7 , Issue Win , Pages 32-35

Journal Article
Interview : Thomas Schelling
Steelman, Aaron (2005-04)
Econ Focus , Volume 9 , Issue Spr , Pages 36-41

Journal Article
Federal Reserve: William McChesney Martin Jr. : a reevaluation
Wood, John H. (2006-01)
Econ Focus , Volume 10 , Issue Win , Pages 2-7

Journal Article
The insider trading debate
Noe, Thomas H.; Hu, Jie (1997-10-04)
Securities trading has generated some of the most sensational scandals in the popular business press. In one of the most publicized cases of insider trading, in the late 1980s Michael R. Milken and Ivan F. Boesky were sentenced to stiff prison terms and payment of enormous damage assessments and punitive penalties. However, at least among economists and legal scholars, insider trading remains a controversial economic transaction. A substantial body of academic and legal scholarship questions whether insider trading is even harmful, much less worthy of legal actions. ; The authors of this ...
Economic Review , Volume 82 , Issue Q 4 , Pages 34-45

Journal Article
Interview : Robert Moffitt
Steelman, Aaron (2005-10)
Econ Focus , Volume 9 , Issue Fall , Pages 46-50

Journal Article
Federal Reserve : Initiation by fire
Gerena, Charles (2006-10)
Econ Focus , Volume 10 , Issue Fall , Pages 2-5