Economic Research

Financing the Feeder Pig Business in Manitoba: Considerations
Author: Grant Charles (June 2005)
Abstract: This paper describes current finance issues and considerations of the business as discussed in mainstream academic journal articles and by producers of feeder pigs.

Relationship Lending and Lines of Credit in Small Firm Finance
Author: Berger Allen N. (Journal of Business, 1995, vol. 68, no.3)
Abstract: This article examines the role of relationship lending in small firm finance.

Capital Markets and the Evolution of Family Businesses
Authors: Bhattachary Utpal and B. Ravikumar
(Journal of Business, 2001, vol. 74, no.2)
Abstract: We model a family business as a household operating a production technology in which the household's human capital is a specific business skill.

Further Evidence of the Time Series Properties of Accounting Income
Authors: Brooks LeRoy D. and Dale A. Buckmaster
(The Journal of Finance, December 1976, vol. XXXI, no.5)
Abstract: The Behavior of Accounting Income Time-Series is of considerable interest to researchers in accounting, finance, and related disciplines.

Relationships and Rationing in Consumer Loans
Authors: Chakravarty Sugato and James S. Scott
(Journal of Business, 1999 vol. 72, no.4)
Abstract: We empirically examine how relationships between individual households and their creditors affect the probability of being credit-rationed.

Learning, Corporate Control and Performance Requirements in Venture Capital Contracts
Authors: Chan Yuk-Shee, Daniel Siegel and Anjan V. Thakor
(International Economic Review vol. 31, no.2 May 1990)
Abstract: We consider a two-period agency model in which both contracting parties have the skill to control production but one party's skill is unknown to both at contract signing.

Do LBO Supermarkets Charge More? An Empirical Analysis of the Effects of LBO's on Supermarket Pricing
Authors: Chevalier Judith A.
(The Journal of Finance, vol. L, no.4 September 1995)
Abstract: This article examines changes in supermarket prices in local markets following supermarket leveraged buyouts (LBO's).

Forecasting Profitability and Earnings
Authors: Fama Eugene F. and Kenneth R. French
(Journal of Business, 2000, vol. 73, no.2)
Abstract: There is a strong presumption in economics that, in a competitive environment, profitability is a mean reverting.

Book Rate-of-Return and Prediction of Earnings Changes: An Empirical Investigation
Authors: Freeman Robert N., James A. Ohlson and Stephen H. Penman
Abstract: Over the years, there has developed a fairly substantial body of research on the time series of earnings.

How Big are the Tax Benefits of Debt?
Author: Graham John R.
(The Journal of Finance, vol.LV, no.5 October 2000)
Abstract: I integrate under firm specific benefit functions to estimate that the capitalized tax benefit of debt equals 9.7 percent of firm value (or as low as 4.3 percent, net of personal taxes).

Catastrophe Insurance, Capital Markets, and Uninsurable Risks
Authors: Jaffee Dwight M. and Thomas Russell
(The Journal of Risk and Insurance, 1997, vol. 64, no.2)
Abstract: This article addresses the question why private insurance companies in the United States are not willing to provide insurance against catastrophic events (such as earthquakes, hurricanes, and floods).

Valuation and Control in Venture Finance
Author: Kirilenko Andrei A. (The Journal of Finance, vol. LVI, no.2 April 2001)
Abstract: This paper presents the model of a relationship between a venture capitalist and an entrepreneur engaged in the formation of a new firm.

Tobin's q, Corporate Diversification, and Firm Performance
Authors: Lang Larrry H.P. and Rene M. Stulz
(Journal of Political Economy, 1994, vol. 102, no.6)
Abstract: In this paper, we show that Tobin's q and firm diversification are negatively related throughout the 1980s.

The Forward-Looking Competitive Firm under Uncertainty
Authors: Lence Sergio H. and Demort J. Hayes
(American Agricultural Economics Association, 1998)
Abstract: Under realistic circumstances, forward-looking, risk adverse firms will provide more than risk-neutral firms, and a mean-preserving spread of the price distribution will increase risk-adverse firms' production.

Do Managerial Objectives Drive Bad Acquisitions?
Authors: Morck Randall, Andrei Shleifer and Robert W. Vishny
(The Journal of Finance, vol. XLV, no.1 March 1990)
Abstract: In a sample of 326 US acquisitions between 1975 and 1987, three types of acquisitions have systematically lower and predominantly negative announcement period returns to bidding firms.

The Benefits of Lending Relationships: Evidence from Small Business Data
Authors: Petersen Mitchell A. and Reghuram G. Rajan
(The Journal of Finance, vol. XLIX, no. 1 March 1994)
Abstract: This paper empirically examines how ties between a firm and its creditors affect the availability and cost of funds to the firm.

The Cost of Diversity: The Diversification Discount and Inefficient Investment
Authors: Rajan Raghuram, Henri Servaes and Luigi Zingales
(The Journal of Finance, vol. LV, no.1 February 2000)
Abstract: We model the distortions that internal power struggles can generate in the allocation of resources between divisions of a diversified firm.

Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt
Author: Rejan Reghuram G.
(The Journal of Finance, vol. XLVII no.4 September 1992)
Abstract: While the benefits of bank financing are relatively well understood, the costs are not.

On the Theory of the Competitive Firm Under Price Uncertainty
Author: Sandmo Agnar
(The American Economic Review, vol. 67, no.4 September 1977)
Abstract: In recent years several contributions have been made to the theory of the firm under uncertainty, removing the assumption that the demand for the product is known with certainty at the time when the output decision is made.

Integrator Contracts with Many Agents and Bankruptcy
Authors: Tsoulouhas Theofanis and Tomislav Vukina
(American Agricultural Economics Association 1999)
Abstract: This article analyzes optimal livestock production contracts between an integrator company and many independent growers in three similar industries: broiler, turkey, and swine.