Personal Investment Vitae

International trade, immigration, and elite-mass conflict The elite model portrays public policy as a reflection of the interests and values of elites. I

Precautionary-motive and agency reasons for corporate cash management Bates, Kahle, and Stulz (JF 2009) empirically find that public firms have doubled t

Addendum on empirical tests of multi-factor models for asset return prediction Fama and French (2015) propose an empirical five-factor asset pricing mode

The new world order of trade helps accomplish non-economic policy goals such as national security and technological dominance. To the extent that freer

Barry Eichengreen compares the Great Depression of the 1930s and the Great Recession as historical episodes of economic woes. Barry Eichengreen (2016)

Most business organizations should continue to create new value in order to achieve long-run success and sustainable profitability. Todd Zenger (2016)