The Theory of Capital Structure
ABSTRACT This paper surveys capital structure theories based on agency costs, asymmetric information, product/input market interactions, and corporate control considerations (bu...
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1,071 publications
Convergence
A key economic issue is whether poor countries or regions tend to grow faster than rich ones: are there automatic forces that lead to convergence over time in the levels of per ...
The Pricing of Options on Assets with Stochastic Volatilities
ABSTRACT One option‐pricing problem that has hitherto been unsolved is the pricing of a European call on an asset that has a stochastic volatility. This paper examines this prob...
Maternal and child undernutrition: consequences for adult health and human capital
In this paper we review the associations between maternal and child undernutrition with human capital and risk of adult diseases in low-income and middle-income countries. We an...
Money and Capital in Economic Development.
This books presents a theory of economic development very different from the stages of growth hypothesis or strategies emphasizing foreign aid, trade, or regional association. L...
Income Inequality in the United States, 1913-1998
This paper presents new homogeneous series on top shares of income and wages from 1913 to 1998 in the United States using individual tax returns data. Top income and wages share...
On the Impossibility of Informationally Efficient Markets
If competitive equilibrium is defined as a situation in which prices are such that all arbitrage profits are eliminated, it is not clear whether it is possible that a competitiv...
Patterns of cognitive appraisal in emotion.
There has long been interest in describing emotional experience in terms of underlying dimensions, but traditionally only two dimensions, pleasantness and arousal, have been rel...
Review of personality and social psychology
Phillip Shaver Editor's Introduction Ira J Roseman Cognitive Determinants of Emotion A Structural Theory Klaus R Scherer Emotion as a Multicomponent Process A Model and Some Cro...
Features of 20 133 UK patients in hospital with covid-19 using the ISARIC WHO Clinical Characterisation Protocol: prospective observational cohort study
Abstract Objective To characterise the clinical features of patients admitted to hospital with coronavirus disease 2019 (covid-19) in the United Kingdom during the growth phase ...