When the purveyors themselves (apparently) confess that their writing is deliberately obscure then one has to wonder a little about their intellectual integrity. Or is that just a vulgar anglo-saxon caricature demonstrating my lack of appreciation of obscurantism as a legitimate academic lifestyle choice? Well, whatever, I'm with Searle on this one.
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Share repurchases do not discourage investment
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Theory tells us that, and the empirics tell us that too: Our study examines
the claim that share repurchases lead to reductions in real investments.
Repu...
3 hours ago
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