Is cost-cutting evidence of x-inefficiency?

American Economic Review

Volumn 90, Issue 2, 2000, Pages 224-227

  Borenstein, Severin ^a   Farrell, Joseph ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039964953     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.90.2.224     Document Type: Article

References (6)

1. Blanchard, Olivier; Lopez-de-Silanes, Florencio and Shleifer, Andrei. "What Do Firms Do with Cash Windfalls?" Journal of Financial Economics, December 1994, 36(3), pp. 337-60.
2. Borenstein, Severin and Farrell, Joseph. "Do Investors Forecast Fat Firms? Evidence from the Gold Mining Industry." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 7075, April 1999.
3. Jensen, Michael. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers." American Economic Review, May 1986 (Papers and Proceedings), 76(2), pp. 323-29.
4. Lamont, Owen. "Cash Flow and Investment: Evidence from Internal Capital Markets." Journal of Finance, March 1997, 52(1), pp. 83-109.
5. Leibenstein, Harvey. "Allocative Efficiency versus X-efficiency." American Economic Review, June 1966, 56(3), pp. 392-415.
6. Williams, John D. "Dividend News: Amerada Hess Omits Payout, Cites Price Drop." Wall Street Journal, 6 March 1986, 66(45), p. 30.