Blar i Norges Banks vitenarkiv på forfatter "Sørensen, Bent E."
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Real and Financial Tradeoffs in Non-Listed Firms: Cash Flow Sensitivities and How They Change with Shocks to Firms' Main-Bank
Ostergaard, Charlotte; Sasson, Amir; Sørensen, Bent E. (Working Papers;27/2010, Working paper, 2010)We study how non-listed firms trade off financial, real, and distributive uses of cash. We show that firms' marginal value of cash (MVC) affects the mix of external and internal finance used to absorb fluctuations in cash ... -
U.S. Banking Deregulation, Small Businesses, and Interstate Insurance of Personal Income
Demyanyk, Yuliya; Ostergaard, Charlotte; Sørensen, Bent E. (Working Papers;9/2006, Working paper, 2006)We estimate the effects of deregulation of U.S. banking restrictions on the amount of interstate personal income insurance during the period 1970–2001. Interstate income insurance occurs when personal income reacts less ...