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Hubbard, Glenn R.

Overview
Works: 6 works in 9 publications in 1 language and 54 library holdings
Roles: Author, Editor
Publication Timeline
Key
Publications about Glenn R Hubbard
Publications by Glenn R Hubbard
Most widely held works by Glenn R Hubbard
Investor Protection, Ownership, and the Cost of Capital by Inessa Love( file )
4 editions published between 2002 and 2009 in English and Undetermined and held by 35 libraries worldwide
Himmelberg, Hubbard, and Love combine the agency theory of the firm with risk diversification incentives for insiders. Principal-agent problems between insiders and outsiders force insiders to retain a larger share in their firm than they would under a perfect risk diversification strategy. The authors predict that this higher share of insider ownership and the resulting exposure of insiders to higher idiosyncratic risk will result in underinvestment and higher cost of capital. Using firm-level data from 38 countries, the authors provide evidence in support of their theoretical model, showing that the premium for bearing idiosyncratic risk varies between zero and six percent and decreases in the level of outside investor protection. The results of the study imply that policies aimed at strengthening investor protection laws and their enforcement will improve capital allocation and result in higher growth. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to study corporate governance and access to finance. The authors may be contacted at cph15@columbia.edu or ilove@worldbank.org
Social security and individual welfare : precautionary saving, borrowing constraints, and the payroll tax ( Article )
1 edition published in 1987 in English and held by 3 libraries worldwide
This paper examines the impact of Social Security on national saving and individual welfare in the presence of realistic capital market imperfections - market failure in the private provision of annuities and restrictions on borrowing against anticipated future wages.--SCAD summary
Assessing the effectiveness of saving incentives by Glenn R Hubbard( Article )
1 edition published in 1996 in English and held by 2 libraries worldwide
Special issue on public finance and human capital : a selection of papers presented at the 56th Congress of the International Institut of Public finance by International Institute of Public Finance( Book )
1 edition published in 2001 in English and held by 2 libraries worldwide
Capital-market imperfections and investment by Glenn R Hubbard( Article )
1 edition published in 1998 in English and held by 1 library worldwide
A reconsideration of investment behavior using tax reforms as natural experiments by Jason G Cummins( Article )
1 edition published in 1994 in English and held by 1 library worldwide
 
Alternative Names
허바드, 글렌 R
허버드, 글렌 R
Languages
English (8)
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