How the Budgeting Tail Wags the Corporate Dog
Big companies try to impose discipline on spending by setting budgets for everything, but the rules lead to lots of waste.
How the Budgeting Tail Wags the Corporate DogBig and small investors fall for the free-dividends fallacy.
Samuel Hartzmark and David H. Solomon, “The Dividend Disconnect,” Working paper, November 2016.
Big companies try to impose discipline on spending by setting budgets for everything, but the rules lead to lots of waste.
How the Budgeting Tail Wags the Corporate DogConsumers underestimate how long debt will persist making only minimum payments.
How Automatic Minimum Credit Card Payments Cost Consumers—and How Regulators Could HelpResearch suggests HFT winners gain billions of dollars per year at the expense of other participants in global stock markets.
How to Calculate How Much High-Frequency Trading Costs InvestorsYour Privacy
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