The remainder can be explained by differences

arfankj4

	Publisher s link  hbs faculty Publication Files rudd aaker norton f e e ed ee e c d.pdf pdf WORKING PAPERS High School Curriculum and Financial Outcomes The Impact of Mandated Personal Finance and Mathematics Courses pdf By Cole Shawn Anna Paulson and Gauri Kartini Shastry ABSTRACT—Financial literacy and cognitive capabilities are convincingly linked to the quality of financial decision making. Yet there is little evidence that education intended to improve financial decision making is successful. Using plausibly exogenous variation in exposure to state mandated personal finance and mathematics high school courses affecting millions of students this paper answers the question Can good financial behavior be taught in high school It can though not via Chinese Overseas America Number Data traditional personal finance courses which we find have no effect on financial outcomes. Instead we find additional mathematics training leads to greater financial market participation investment income and better credit management including fewer foreclosures. Download working paper  hbs faculty Pages download.aspx name .pdf pdf Comparing the Cash Policies of Public and Private Firms By Farre. Mensa Joan ABSTRACT—I document that public U.S. firms hold twice as much cash as large privately held firms a surprising finding that is robust to three alternative identification strategies matching within firm variation and instrumental variable. Public firms greater access to capital accounts for about one quarter of the difference. in the extent to which public and private firms engage in market timing in response to misvaluation shocks. I show that the risk of misvaluation induces public firms to raise capital and accumulate cash reserves when they perceive their equity to be overvalued resulting in greater demand for precautionary cash holdings. Download working paper  papers.ssrn sol papers.cfm abstract id Payout Policy By Farre Mensa Joan Roni Michaely and Martin C.