作者：Karpoff, JM; Lee, DS; Vendrzyk, VP
作者单位：University of Washington; University of Washington Seattle; Texas A&M University System; Texas A&M University College Station; Virginia Polytechnic Institute & State University
摘要：Press reports of investigations of fraud, indictments, and suspensions in military procurement are associated with significantly negative average abnormal returns in the stocks of affected firms. Abnormal stock returns are significantly less negative, however, for firms ranking among the top 100 defense contractors than for unranked contractors, even after one controls for firm size, the fraud's characteristics, and the firm's recidivism. Unranked contractors are penalized heavily for procurem...
作者：Zhang, JS; Chan, W
作者单位：Chinese University of Hong Kong; University of Hong Kong
摘要：Becker attributes the existence of marital transfers to inflexibility in the division of joint product within the marriage. If that were the only reason, we would not have observed the coexistence of dowries and bride-prices. This paper offers an alternative analysis. While Becker's interpretation is retained for bride-prices, a dowry is no iv represented as a premortem bequest by altruistic parents for a daughter. It not only increases the wealth of the new cor: household but also enhances th...
作者：Howitt, P
作者单位：University System of Ohio; Ohio State University
摘要：This paper presents a Schumpeterian endogenous growth model in which a steady state exists with a constant growth rate even though population and the inputs to R & D are growing. The scale effect of rising population is nullified by product proliferation that fragments the growing demand for intermediate products, thus preventing the reward to any specific innovation from rising with population. All the usual comparative statics results of Schumpeterian growth theory are valid, including the p...
