38 posts on "Corporate Finance"
March 25, 2014
Do Big Banks Have Lower Operating Costs?
Despite recent financial reforms, there is still widespread concern that large banking firms remain “too big to fail.”
August 28, 2013
U.S. Leveraged Buyouts: The Importance of Financial Visibility
In global finance, leveraged buyouts (LBOs) are an important tool for restructuring corporations.
Posted at 7:00 am in Corporate Finance | Permalink
June 3, 2013
Data Link Helps Shed Light on Banks and Public Equity
In this blog we show some comparisons between banks with and without publicly traded equity made possible by the link produced by the Federal Reserve Bank of New York of regulatory identification numbers (RSSD ID) from the National Information Center (NIC) to the permanent company number (PERMCO) used in the Center for Research in Security Prices (CRSP).
Posted at 7:00 am in Corporate Finance | Permalink
December 18, 2012
The Welfare Costs of Superstorm Sandy
As most of the New York metropolitan region begins to get back to normal following the devastation caused by superstorm Sandy, researchers and analysts are trying to assess the total “economic cost” of the storm.
November 21, 2012
Doing Well by Doing Good? Community Development Venture Capital
In a new working paper, Josh Lerner and I explore how the venture capital (VC) model can be harnessed to achieve socially targeted ends by examining the investment record of community development venture capital (CDVC) firms.
October 31, 2012
In a Relationship: Evidence of Underwriters’ Efforts to Stabilize the Share Price in the Facebook IPO
Stocks are usually offered in initial public offerings (IPOs) at a discount, leading to large first-day IPO returns.
Posted at 7:00 am in Corporate Finance | Permalink
October 29, 2012
Weakness in the U.S. IPO Market
The high valuations achieved by recent social-media- and Internet-related initial public offerings (IPOs) and their disappointing aftermarket performance have rekindled the specter of the dot-com boom and bust of the late 1990s.
Posted at 7:00 am in Corporate Finance | Permalink
May 16, 2012
The Private Premium in Public Bonds?
In a 2012 New York Fed study, Chenyang Wei and I find that interest rate spreads on publicly traded bonds issued by companies with privately traded equity are about 31 basis points higher on average than spreads on bonds issued by companies with publicly traded equity, even after controlling for risk and other factors.
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