Javier Suarez

TL;DR: In this article, the authors assess the procyclical effects of bank capital regulation in a dynamic equilibrium model of relationship lending in which banks are unable to access the equity markets every period.

TL;DR: In this article, the authors provide a theory of venture capital financing based on the complementarity between the financing and advising roles of venture capitalists, and examine the interaction between the staging of investment, that characterizes young firms with a high growth potential, and the double-sided moral hazard problem arising from the managerial contributions of entrepreneurs and venture capitalists.

TL;DR: This paper found that the use of social contacts helps find jobs one to two months sooner but leads to individual wage discounts of 5% to 7% and produces negative externalities on aggregate productivity.

TL;DR: In this paper, the relative merits of price versus quantity rules for short-term liquidity regulation are discussed, showing how they target different incentives for risk creation and how they are most binding when excess credit incentives are strongest.

TL;DR: This paper explores how motivating an incumbent CEO to undertake actions that improve the effectiveness of his management interacts with the firm's policy on CEO replacement and offers predictions about the correlation between entrenchment, severance pay, and incentive compensation.