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07 Apr 2009
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First Look: April 7, 2009

paper addresses these questions by analyzing the available evidence on two related claims: (1) that the current U.S. policy of deferring taxation of foreign profits represents a subsidy to American firms and (2) that activity abroad by... View Details

Keywords: Martha Lagace

19 Feb 2019
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New Research and Ideas, February 19, 2019

financially benefit most from home delivery are more likely to choose it. Those who benefit least from insurance subsidies are more likely to make no active choice and lose those subsidies. The implicit default incentivizes people to make... View Details

Keywords: Sean Silverthorne

10 Jul 2018
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New Research and Ideas, July 10, 2018

increased by 9.4% following the first managerial change. Our results highlight the important complementarities between incentives and management practices, especially in developing countries. A back-of-the-envelope calculation that suggests India could save on 9–24% of... View Details

Keywords: Dina Gerdeman

14 Apr 2015
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First Look: April 14

Applied Corporate Finance When One Size Doesn't Fit All: Evolving Directions in the Research and Practice of Enterprise Risk Management By: Mikes, Anette, and Robert S. Kaplan Abstract—Enterprise risk management (ERM) has become a crucial component of contemporary... View Details

Keywords: Sean Silverthorne

10 Jan 2012
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First Look: January 10

cost of capital due to the governmental subsidies accompanying loans. Next, examining the selection process through which BNDES' capital is allocated to firms, we find that BNDES apparently selects firms with good operational performance... View Details

Keywords: Sean Silverthorne