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Andrei Shleifer
Researcher at Harvard University
Publications - 519
Citations - 286543
Andrei Shleifer is an academic researcher from Harvard University. The author has contributed to research in topics: Government & Shareholder. The author has an hindex of 171, co-authored 514 publications receiving 271880 citations. Previous affiliations of Andrei Shleifer include National Bureau of Economic Research & University of Chicago.
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Extrapolation and Bubbles
TL;DR: In this paper, an extrapolative model of bubbles is presented, which predicts that good news about fundamentals can trigger large price bubbles, that bubbles will be accompanied by high trading volume, and that volume increases with past asset returns.
Posted Content
Do Managerial Objectives Drive Bad Acquisitions
TL;DR: This paper found that the returns to bidding shareholders are lower when their firm diversifies, when it buys a rapidly growing target, and when the performance of its managers has been poor before the acquisition.
Posted Content
The Regulation of Entry
TL;DR: In this article, the authors present new data on the regulation of the entry of start-up firms in 85 countries, covering the number if procedures, official time, and official costs that a startup firm must bear before it can operate legally.
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Toward a theory of legal reform
TL;DR: In this article, the authors describe some characteristics of a dysfunctional legal system, and then propose some reforms of the legal rules that would encourage private agents to rely on the legal system rather than mafia to structure their transactions.
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Reversions of Excess Pension Assets after Takeovers
TL;DR: In this paper, the authors evaluate pension asset reversions as a source of takeover gains and find that the reversions can on average explain approximately 11% of the takeover premium in cases where they actually occur.