The Resource Risky investments with limited commitment, Thomas Cooley, Ramon Marimon and Vincenzo Quadrini, (electronic resource)

Risky investments with limited commitment, Thomas Cooley, Ramon Marimon and Vincenzo Quadrini, (electronic resource)

Label
Risky investments with limited commitment
Title
Risky investments with limited commitment
Statement of responsibility
Thomas Cooley, Ramon Marimon and Vincenzo Quadrini
Creator
Contributor
Author
Subject
Language
eng
Summary
Over the last three decades there has been a dramatic increase in the size of the financial sector and in the compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex financial instruments. Parallel to this trend, the organizational structure of the financial sector has changed with the traditional partnership replaced by public companies. The organizational change has increased the competition for managerial talent, which may have weakened the commitment between investors and managers. We show how increased competition and the weaker commitment can raise the managerial incentives to undertake risky investment. In the general equilibrium, this change results in higher risk-taking, a larger and more productive financial sector with greater income inequality (within and across sectors), and a lower market valuation of financial institutions
Member of
Cataloging source
GZM
http://library.link/vocab/creatorName
Cooley, Thomas F
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1953-
http://library.link/vocab/relatedWorkOrContributorName
  • Marimon, Ramon
  • Quadrini, Vincenzo
  • Centre for Economic Policy Research (Great Britain)
Series statement
  • Discussion paper series,
  • Financial economics
  • International macroeconomics
Series volume
no. 9725
http://library.link/vocab/subjectName
  • Financial services industry
  • Financial executives
  • Investments
Label
Risky investments with limited commitment, Thomas Cooley, Ramon Marimon and Vincenzo Quadrini, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Instantiates
Publication
Note
  • "November 2013."
  • "Submitted 29 October 2013."
Bibliography note
Includes bibliographical references (pages 41-42)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17471291
Extent
1 online resource (42 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Other physical details
illustrations.
Specific material designation
remote
System control number
(OCoLC)862822677
Label
Risky investments with limited commitment, Thomas Cooley, Ramon Marimon and Vincenzo Quadrini, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Publication
Note
  • "November 2013."
  • "Submitted 29 October 2013."
Bibliography note
Includes bibliographical references (pages 41-42)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17471291
Extent
1 online resource (42 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Other physical details
illustrations.
Specific material designation
remote
System control number
(OCoLC)862822677

Library Locations

    • Badia FiesolanaBorrow it
      Via dei Roccettini 9, San Domenico di Fiesole, 50014, IT
      43.803074 11.283055
Processing Feedback ...