Replication of Nikolov and Whited (2014)

NIKOLOV, B. and WHITED, T.M. (2014), Agency Conflicts and Cash: Estimates from a Dynamic Model. The Journal of Finance, 69: 1883-1921. https://doi.org/10.1111/jofi.12183

Instructions

Run wrapper.py to generate Figures 1 and 2.

Replication of Sannikov (2008)

SANNIKOV, Y. (2008), A Continuous-Time Version of the Principal-Agent Problem. The Review of Economic Studies, 75: 957-984. https://doi.org/10.1111/j.1467-937X.2008.00500.x

Instructions

Go to this link for detailed instructions and code.