Suchergebnisse

"The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined. We show that the specification of investment adjustment costs proposed by Christiano, Eichenbaum and Evans (2005) predicts the presence of a lagged-investment effect and that a generalized version of their model is consistent with the behavior of firm-level data from Compustat"--National Bureau of Economic Research web site

"Which investment model best fits firm-level data? To answer this question we estimate alternative models using Compustat data. Surprisingly, the two best-performing specifications are based on Hayashi's (1982) model. This model's foremost implication, that Q is a sufficient statistic for determining a firm's investment decision, has been often rejected because cash-flow and lagged-investment effects are present in investment regressions. However, we find that these regression results are quite fragile and ineffectual for evaluating model performance. So, forget what investment regressions tell you. Models based on Hayashi (1982) provide a very good description of investment behavior at the firm level"--National Bureau of Economic Research web site

Forward poverty reduction in the age of globalization -- Civil society : America's most consequential export -- The common elements of community building and nation building: -- The American domestic policy debate -- The great foreign aid debate : America, generous or stingy? -- From aid bureaucracy to civil society -- Toward participation and partnerships -- Wealth, poverty, and the rise of corporate citizenship -- Micro-enterprise : tapping native capability at the bottom of the pyramid -- America's most generous gift : the great tsunami of 2005 -- Conflict or collaboration : religion and civil society -- Understanding and confronting anti-americanism -- Civil society and nation building : prospects for democratization -- Conflict and reconciliation in the context of nation building -- Habits of the heart : building civic community -- Looking ahead : a roadmap for building communities and nations through indigenous civil society, markets, and rule of law -- Acknowledgments -- Notes -- Index

Edited by founder and chairman of the National Fatherhood Initiative Don Eberly, The Faith Factor in Fatherhood addresses the key role that religious institutions can play in reviving what Eberly calls the 'sacred vocation of fatherhood.' In response to the wider debate regarding the increased expectations that are being placed by policy makers on faith-based institutions to serve important public purposes, contributors to this volume guide denominations, places of worship, and religious social agencies to recover the role they once played in reaching and supporting young men with a message of