• Does information sharing reduce the role of collateral as a screening device? 

      Stacescu, Bogdan; Karapetyan, Artashes (Journal article; Peer reviewed, 2014)
      Information sharing and collateral are both devices that help banks reduce the cost of adverse selection. We examine whether they are likely to be used as substitutes (information sharing reduces the need for collateral) ...
    • Finance and employment: evidence from U.S. banking reforms 

      Boustanifar, Hamid (Journal article; Peer reviewed, 2014)
      Economic theory offers competing hypotheses about how the cost and availability of finance influence labor market outcomes. Making use of the U.S. banking reforms between the 1970s and the 1990s as a quasi-natural experiment, ...
    • Stakeholder conflicts and dividend policy 

      Bøhren, Øyvind; Josefsen, Morten G.; Steen, Pål E. (Journal article; Peer reviewed, 2012)
      This paper compares the dividend policy of owner-controlled firms with that of firms where the owners are a minority relative to non-owner employees, customers, and community citizens. We find that regardless of whether ...
    • Stakeholder rights and economic performance: the profitability of nonprofits 

      Bøhren, Øyvind; Josefsen, Morten G. (Journal article; Peer reviewed, 2013)
      This paper explores whether ownership matters in a fundamental sense by comparing the performance of stockholder-owned firms with the much less analyzed nonprofit firms. No stakeholder has residual cash flow rights in ...