Discussion of 'Are Consumers Affected by Durable Goods Makers’

Discussion of 'Are Consumers Affected by Durable Goods Makers’ Financial Distress? The Case of Auto Manufacturers'

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Karin Thorburn (NHH Bergen) discussing Gregor Matvos on 'Are Consumers Affected by Durable Goods Makers’ Financial Distress? The Case of Auto Manufacturers'

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Discussion of 'Agency Conflicts and Cash: Estimates from a Structural Model'

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

Published 01/15/12

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...

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Robert Hansen (Tulane University) discussing Laurent Fresard on 'Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis'

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