Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 6 of 6 for “"Capital reallocation"”.
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Essays in intangible capital reallocation, mergers and acquisitions and financial frictions
… facts at the aggregate and the firm level on the reallocation of tangible and intangible capital. First, at the aggregate level, I interpret firm physical capital sales data as tangible capital reallocation and data on mergers and acquisitions (M\&As) data on intangible capital reallocation. I …
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Essays on Macroeconomics with Financial Frictions
… In the second chapter, Credit Constraints, Human Capital and the Agricultural Productivity Gaps, I explore and quantify the role of financial frictions in accounting for these puzzling patterns. A two-sector heterogeneous-agent model with human capital investment, occupational choices and …
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Essays in financial economics
… economy where countercyclical risk premia and capital reallocation lengthens recessions. In the model, risk-aversion increases after negative productivity shocks, and the ensuing capital reallocation propagates the reduction in aggregate productivity and aggregate consumption. The decrease in …
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Essays in Heterogeneity, Irreversibility and Aggregate Fluctuations
… under which reductions in marginal product of capital dispersion induce Pareto improving allocations. The main result is that it is possible for allocations that display higher marginal product dispersion to be closer to the efficient one than allocations with lower marginal product …
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Essays on Market Conditions and Corporate Investment Decisions
… disagreement, and they allocate less in physical capital investment. This effect becomes amplified when firms experience a positive return shock to CAPX, when more investment in CAPX would be expected. To establish causality, I use mergers between brokerage houses to provide a source of exogenous …
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Three essays in corporate finance
… institutional ownership firms reallocate their capital toward divisions with long product life-cycle and high innovation value, which leads to longer corporate investment horizons and higher investment values at firm level. To disentangle investors' effects from spurious correlations, I employ a …