The Agency Costs of Sellside Deal Protection: An Empirical Analysis of Reverse Termination Fees

Billionaire Wealth, Firm Performance and Financial Crisis: An Empirical Analysis for India

South Asian Journal of Macroeconomics and Public Finance ◽

10.1177/2277978716671050 ◽

2016 ◽

Vol 5 (2) ◽

pp. 133-156

Author(s):

Saibal Ghosh

Keyword(s):

Firm Performance ◽

Financial Crisis ◽

Empirical Analysis ◽

Firm Value ◽

Agency Costs ◽

Jel Classification ◽

Innovative Activity

Employing data for 2001–2012, the article analyzes the factors impacting the wealth of Indian billionaires and the performance and innovative activity of firms which these billionaires represent. The analysis indicates that billionaires in rent-thick sectors have higher wealth levels, on average. As well, the evidence also supports lower wealth for self-made and entrepreneurial billionaires. The findings also reveal that self-interested actions by billionaires tend to raise agency costs, which, in turn, dampens profitability and firm value. Finally, there is evidence which suggests a tendency on the part of billionaires to block innovative activity. JEL Classification: D31, N35, P52

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An Empirical Analysis of the Obtrusiveness of and Participants' Compliance with the Electronically Activated Recorder (EAR)

European Journal of Psychological Assessment ◽

10.1027/1015-5759.23.4.248 ◽

2007 ◽

Vol 23 (4) ◽

pp. 248-257 ◽

Cited By ~ 58

Author(s):

Matthias R. Mehl ◽

Shannon E. Holleran

Keyword(s):

Empirical Analysis ◽

Sampling Method ◽

Daily Life ◽

Assessment Method ◽

Data Confidentiality ◽

Short Term ◽

Naturally Occurring ◽

Two Samples ◽

Audio Recorder ◽

Term Monitoring

Abstract. In this article, the authors provide an empirical analysis of the obtrusiveness of and participants' compliance with a relatively new psychological ambulatory assessment method, called the electronically activated recorder or EAR. The EAR is a modified portable audio-recorder that periodically records snippets of ambient sounds from participants' daily environments. In tracking moment-to-moment ambient sounds, the EAR yields an acoustic log of a person's day as it unfolds. As a naturalistic observation sampling method, it provides an observer's account of daily life and is optimized for the assessment of audible aspects of participants' naturally-occurring social behaviors and interactions. Measures of self-reported and behaviorally-assessed EAR obtrusiveness and compliance were analyzed in two samples. After an initial 2-h period of relative obtrusiveness, participants habituated to wearing the EAR and perceived it as fairly unobtrusive both in a short-term (2 days, N = 96) and a longer-term (10-11 days, N = 11) monitoring. Compliance with the method was high both during the short-term and longer-term monitoring. Somewhat reduced compliance was identified over the weekend; this effect appears to be specific to student populations. Important privacy and data confidentiality considerations around the EAR method are discussed.

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