• Opening Lines You’re Glad You Didn’t Write

    Updated: 2009-11-29 21:37:53
    | Dick Langlois | Now here is an opening line you will be glad you didn’t write. (From our local newspaper, the Willimantic Chronicle, November 25, 2009.) WINDHAM — After being vacant for six years, former Windham First Selectman Jean de Smet appointed two co-town historians to preserve and share their knowledge about the town. This is especially [...]

  • Bebchuk-Weisbach Survey of Corporate Governance

    Updated: 2009-11-27 23:55:29
    | Peter Klein | It’s the introduction to a special issue of the Review of Financial Studies: The special issue features seven papers on corporate governance that were presented in a meeting of the NBER’s corporate governance project. Each of the papers represents state-of-the-art research in an important area of corporate governance research. For each of these [...]

  • More Graduate Student Humor

    Updated: 2009-11-27 03:30:59
    | Peter Klein | Found this posted on a classroom wall in our building. Not quite as witty as this one, but then again, we keep them heavily sedated: On a more serious note, here’s a conference celebrating the 50th anniversary of Coase’s landmark 1959 and 1960 papers, with an all-star lineup. Posted in - Klein -, Ephemera [...]

  • Financing Constraints and Entrepreneurship

    Updated: 2009-11-23 14:48:51
    | Peter Klein | Speaking of banks, here’s a very good survey of the entrepreneurship literature on financing constraints by William Kerr and  Ramana Nanda, just out from NBER. From the introduction: The first research stream considers the impact of financial market development on entrepreneurship. These papers usually employ variations across regions to examine how differences in [...]

  • Further My Last

    Updated: 2009-11-22 15:25:28
    | Craig Pirrong | My previous post on the Acharya et al (AEFLS) assertion of the purported externality in bilateral OTC markets focused on whether there was actually an unpriced “bad.” I judged otherwise based on the fact that credit and counterparty risks are repriced repeatedly (and ruthlessly). There is another reason to reject their analysis. It [...]

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