Events in UAE
The Stock Market and Corporate Investment
The primary intended purpose of a stock market is to channel savings cheaply to firms that wish to make investments. But there is a dark side: a listing on a stock market can change managers’ incentives in detrimental ways. This lecture will discuss the resulting trade-off between low-cost funding and distorted incentives in view of new evidence from the U.S. and other countries; specifically, detrimental features of US stock market regulations, such as quarterly reporting, that undermine productive investment. Alexander Ljungqvist Ira Rennert Professor of Finance and Entrepreneurship, Stern School of Business, NYU
Venue: Al Mamoura Auditorium, Abu Dhabi
Timings: 6:30 - 8:30 PM
Dates: Mar 16, 2011 - Mar 16, 2011
Organiser: NYU Abu Dhabi Institute
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