One of the most prominent stylized facts in corporate finance is that firms are more likely to issue equity following periods of high stock returns. We document that firms exhibit such timing behavior only in response to high returns that coincide with strong institutional investor demand for their stock. When not accompanied by institutional purchases, stock price increases have little impact ...

(vi) Sensitive security information, as defined at 49 U.S.C. 40119 and 49 CFR 15.5. (3) Nothing in this section shall be interpreted as preventing the Administrator from releasing to the respondent information in addition to that which is contained in the releasable portion of the EIR. Likewise, nothing in this section shall be interpreted as preventing the Administrator from releasing to the r...

Abstract: The arisal of experimental systems to transfer value (digital cash) over the Internet is of interest to monetary policy circles. These systems claim to turn the International Financial System back to the days of free banking, with uncontrolled and rampant issue of currency by private banks. This paper argues that, in actuality, Internet cash issuance will not be a strong force, neithe...

Lack of commitment at the time auction to repayment imminently maturing debt can generate a run on and immediate default. We show that same lack leads other possible self-fulfilling crises, including issuance more depressed prices, or “sudden stop” (forced austerity) in which is sharply curtailed. Both outcomes stem from government's incentive eliminate uncertainty about imminent payments by al...

OBJECTIVES As a baseline study to aid in the development of proper policy, we investigated the current condition of unpreparedness of documents required when issuing copies of medical records and related factors. METHODS The study was comprised of 7,203 cases in which copies of medical records were issued from July 1st, 2007 through June 30th, 2008 to 5 tertiary referral hospitals. Data from ...