Search Results - "Rauh, Joshua"

Capital Structure and Debt Structure by Rauh, Joshua D., Sufi, Amir

“…Using a novel dataset that records individual debt issues on the balance sheets of public firms, we demonstrate that traditional capital structure studies that…”
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Risk Shifting versus Risk Management: Investment Policy in Corporate Pension Plans by Rauh, Joshua D.

“…The asset allocation of defined benefit pension plans is a setting where both risk-shifting and risk-management incentives are likely be present. Empirically,…”
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Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans by RAUH, JOSHUA D.

“…I exploit sharply nonlinear funding rules for defined benefit pension plans in order to identify the dependence of corporate investment on internal financial…”
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Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments by Hochberg, Yael V., Rauh, Joshua D.

“…Institutional investors exhibit substantial home-state bias in private equity. This effect is particularly pronounced for public pension funds, where…”
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Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds by ANDONOV, ALEKSANDAR, HOCHBERG, YAEL V., RAUH, JOSHUA D.

“…Representation on pension fund boards by state officials—often determined by statute decades past—is negatively related to the performance of private equity…”
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The Return Expectations of Public Pension Funds by Andonov, Aleksandar, Rauh, Joshua D

“…Abstract The return expectations of public pension funds are positively related to cross-sectional differences in past performance. This positive relation…”
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The Liabilities and Risks of State-Sponsored Pension Plans by Novy-Marx, Robert, Rauh, Joshua D.

“…As of December 2008, state governments had approximately $1.94 trillion set aside in pension funds for their employees. How does the value of these assets…”
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It's the market: The broad-based rise in the return to top talent by Kaplan, Steven N, Rauh, Joshua

“…One explanation that has been proposed for rising inequality is that technical change allows highly talented individuals, or “superstars” to manage or perform…”
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Cost saving and the freezing of corporate pension plans by Rauh, Joshua D., Stefanescu, Irina, Zeldes, Stephen P.

“…Companies that freeze defined benefit pension plans save the equivalent of 13.5% of the long-horizon payroll of current employees. Furthermore, firms with…”
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Explaining Corporate Capital Structure: Product Markets, Leases, and Asset Similarity by Rauh, Joshua D., Sufi, Amir

“…Better measurement of the output produced and capital employed by firms substantially improves the ability to explain capital structure variation in the cross…”
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Family, Education, and Sources of Wealth among the Richest Americans, 1982—2012 by Kaplan, Steven N., Rauh, Joshua D.

“…We examine characteristics of the 400 wealthiest individuals in the United States over the past three decades as tabulated by Forbes Magazine, and analyze…”
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Linking benefits to investment performance in US public pension systems by Novy-Marx, Robert, Rauh, Joshua D.

“…This paper calculates the effect that introducing risk-sharing during either retirement or the working life would have on public sector pension liabilities. We…”
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Own company stock in defined contribution pension plans: A takeover defense? by Rauh, Joshua D.

“…If managers induce employees to hold company stock in defined contribution pension plans as a form of takeover defense, then changes in state laws that enhance…”
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ARE STATE PUBLIC PENSIONS SUSTAINABLE? WHY THE FEDERAL GOVERNMENT SHOULD WORRY ABOUT STATE PENSION LIABILITIES by Rauh, Joshua D.

“…This paper analyzes the flow of state pension benefit payments relative to asset levels and contributions. Assuming future state contributions fund the full…”
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Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses by Novy-Marx, Robert, Rauh, Joshua D.

“…During the last quarter of 2008, financial losses in state pension funds varied from 12 percent to 68 percent of the revenue generated by the state government…”
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Comments and Discussion by Joshua, Rauh

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Trends in State and Local Pension Funds by Giesecke, Oliver, Rauh, Joshua

“…Unfunded public pension obligations represent the largest liability for state and local governments in the United States. As of fiscal year 2021, the total…”
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Public Pension Promises: How Big Are They and What Are They Worth? by NOVY-MARX, ROBERT, RAUH, JOSHUA

“…We calculate the present value of state employee pension liabilities using discount rates that reflect the risk of the payments from a taxpayer perspective. If…”
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Institutional Investors and Infrastructure Investing by Andonov, Aleksandar, Kräussl, Roman, Rauh, Joshua

“…Institutional investors expect infrastructure to deliver long-term stable returns but gain exposure to infrastructure predominantly through finite-horizon…”
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Earnings Manipulation, Pension Assumptions, and Managerial Investment Decisions by Bergstresser, Daniel, Desai, Mihir, Rauh, Joshua

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