CGN: Governmental & Public Bodies as Investors (Sub-Topic)最新文献

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Corporate Finance and the Governance Implications of Removing Government Support Programs 取消政府支持计划对公司财务和治理的影响
CGN: Governmental & Public Bodies as Investors (Sub-Topic) Pub Date : 2015-08-29 DOI: 10.2139/ssrn.2377456
M. Jacob, S. Johan, D. Schweizer, F. Zhan
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引用次数: 22
Stakeholding through the Permanent Fund Dividend: Fitting Practice to Theory 基金永久分红的股权:理论与实践的契合
CGN: Governmental & Public Bodies as Investors (Sub-Topic) Pub Date : 2011-04-05 DOI: 10.1057/9781137015020_11
Christopher L. Griffin
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引用次数: 1
Written Testimony for the House Financial Services Subcommittee on Oversight and Investigations' Hearing on 'TARP Oversight: An Update on Warrant Repurchases and Benefits to Taxpayers' 众议院金融服务监督和调查小组委员会关于“问题资产救助计划监督:权证回购和纳税人利益的最新情况”听证会的书面证词
CGN: Governmental & Public Bodies as Investors (Sub-Topic) Pub Date : 2010-05-11 DOI: 10.2139/SSRN.1603513
Linus Wilson
{"title":"Written Testimony for the House Financial Services Subcommittee on Oversight and Investigations' Hearing on 'TARP Oversight: An Update on Warrant Repurchases and Benefits to Taxpayers'","authors":"Linus Wilson","doi":"10.2139/SSRN.1603513","DOIUrl":"https://doi.org/10.2139/SSRN.1603513","url":null,"abstract":"The increased frequency of auctions versus negotiations has ensured that taxpayers are justly rewarded for their risky investments in the banking sector. Contrary to the banking lobby’s early propaganda, the Troubled Asset Relief Program (TARP) warrants have proven to be very valuable raising $6.1 billion so far. I expect the U.S. Treasury to raise a further $4.1 billion from 236 banks with warrants outstanding based on the prices at the end of the first quarter. The administration plans to give away $3.0 billion subsidy to about 580 existing TARP recipients. The U.S. Treasury wants them to participate in a so-called Small Business Lending Fund, which would cancel the taxpayers’ warrants and convert the 5 percent preferred stock into 1 percent preferred stock. The Small Business Lending Fund is TARP 2.0, but TARP 2.0 has none of the upside for taxpayers that TARP 1.0 had. We should be contracting state ownership of the banking sector not expanding it. Finally, the sale of the 27 percent stake of Citigroup common stock has moved too slowly, and the administration should consider a large underwritten sale of that stock to lock in profits and reduce taxpayers’ firm specific risk in the large bank.","PeriodicalId":199939,"journal":{"name":"CGN: Governmental & Public Bodies as Investors (Sub-Topic)","volume":"495 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116695446","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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