Listar Departament: Economia por autoría "f2a8bf29-76f3-4c19-8eee-58d6a77b0c03"

Mostrando ítems 1-5 de 5

    • closedAccess   Career Concerns and Product Market Competition 

      Feriozzi, Fabio Wiley (2016-04-27)
      This paper studies the effect of increased competition in the product market on managerial incentives. I propose a simple model of career concerns where firms are willing to pay for managerial talent to reduce production ...

    • closedAccess   Financial Integration and Liquidity Crises 

      Castiglionesi, Fabio; Feriozzi, Fabio; Lorenzoni, Guido Informs (2019-03)
      This paper analyzes the effects of financial integration on the stability of the banking system. Financial integration allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world ...

    • closedAccess   Liquidity Coinsurance and Bank Capital 

      Castiglionesi, Fabio; Feriozzi, Fabio; Loranth, Gyöngyi; Pelizzon, Loriana Wiley (2014-03-26)
      Banks can deal with their liquidity risk by holding liquid assets (self-insurance), by participating in interbank markets (coinsurance), or by using flexible financing instruments, such as bank capital (risk sharing). We ...

    • closedAccess   Managerial Entrenchment and the Market for Talent 

      Feriozzi, Fabio Society for Financial Studies (2022-08-19)
      This paper studies how the nature of managerial skills affects firms’ governance decisions. As required skills shift from firm specific toward more general abilities, replacing an underperforming CEO with an outside hire ...

    • closedAccess   Paying for observable luck 

      Feriozzi, Fabio Wiley (2011-05-30)
      This article examines why CEOs are rewarded for luck, namely for observable shocks beyond their control. I propose a simple hidden action model where the agent has implicit incentives to avoid bankruptcy. After signing the ...