Erwan Morellec (EPFL Lausanne) discussing Boris Nikolov on 'Agency Conflicts and Cash: Estimates from a Structural Model'

Boris Nikolov (University of Rochester) presenting 'Agency Conflicts and Cash: Estimates from a Structural Model' - Abstract: We estimate a dynamic model of firm investment and cash accumulation to ascertain whether agency problems affect corporate cash holding decisions. We model four specific...

Laurent Fresard (HEC Paris) presenting 'Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis' - Abstract: Using a large sample of U.S. cross-listings, we show that cross-listed firms have a higher sensitivity of corporate investment to stock price than non cross-listed...