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 DogStock dividends are a fundamental part of finance, and yet research suggests that many investors—retail and professional—don't understand them. Chicago Booth’s Samuel Hartzmark explains that by thinking of dividends as free money, many market participants are making portfolio decisions they wouldn't otherwise make.
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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 DogCapitalisn’t podcast hosts Luigi Zingales and Bethany McLean talk monetary policy with Stanford’s John H. Cochrane.
Capitalisn’t: A Different Story of InflationCapitalisn’t hosts Luigi Zingales and Bethany McLean speak with the founder of activist hedge fund Engine No. 1 about shareholder capitalism.
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