Results 221 to 230 of about 9,019,444 (252)

Strategic Implications of Board Interlocks: A Literature Review and Future Research Agenda

Corporate Governance: An International Review, EarlyView.
ABSTRACT Research Question/Issue Board interlocks, stemming from directors' concurrent board appointments, have been viewed as a double‐edged sword that can generate both positive and negative effects, hinging on strategic outcomes and a multitude of contextual variables.
Joyce C. Wang
wiley   +1 more source

Can enterprise ESG practices ease their financing constraints? Evidence from Chinese listed companies. [PDF]

Heliyon
Wang X, Yao L.
europepmc   +1 more source

The depth and breadth of capitalism at the Cape

The Economic History Review, EarlyView.
Abstract Limited liability company legislation was introduced to the Cape Colony in 1861. An amendment in 1892 led to wider adoption, expanding and diversifying the capital market. Using novel data from the Cape Joint Stock Archive between 1892 and 1902, this paper examines who invested, where capital flowed, and how these patterns shaped firm outcomes
Edward Kerby, Lloyd Melusi Maphosa
wiley   +1 more source

Risk premia reconsidered: Illiquidity and selection bias for stocks and corporate bonds in the pre‐First World War period

The Economic History Review, EarlyView.
Abstract Financial history is plagued by a visibility trap. Using the Brussels Stock Exchange (1850–1913), we demonstrate that asset illiquidity introduced selection bias, which systematically inflated historical risk premia. Applying a latent return model, we argue that correcting for this illiquidity decreases the equity and corporate bond risk ...
Justin Case, Eline Poelmans, Gertjan Verdickt   +2 more
wiley   +1 more source

From Regression to Reasoning: Predicting M&A Announcement Returns With Large Language Models

European Financial Management, EarlyView.
ABSTRACT This study investigates whether large language models (LLMs) can predict short‐term market reactions to M&A announcements. We prompt OpenAI's latest reasoning models (o3, GPT‐5, and GPT‐5.1) to forecast whether the combined market value of acquirer and target will increase or decrease, drawing on deal‐, firm‐, and macroeconomic data for large ...
Maximilian Schreiter, Aldrik Struve, Maximilian Uhle   +2 more
wiley   +1 more source

Repeat SPAC Sponsors

European Financial Management, EarlyView.
ABSTRACT Sponsors are the key value‐generating resource for special purpose acquisition companies (SPACs). We identify a subgroup of sponsors—repeat sponsors—who have formed and managed multiple SPACs. Repeat sponsors identify target companies faster, and their SPACs merge with private companies of higher quality. However, these benefits are attenuated
Gustav Finne, Jesper Haga
wiley   +1 more source

Underpricing and Overachievement: Celebrating Jay Ritter's IPO Research

European Financial Management, EarlyView.
ABSTRACT This tribute celebrates Jay Ritter's scholarship on the occasion of his election as Fellow of the American Finance Association. Best known for documenting and IPO underpricing, hot issue markets, and the long‐run underperformance of new issues, Jay has shaped how academics, practitioners and regulators understand the going‐public process, from
Silvio Vismara
wiley   +1 more source

The effect of leverage manipulation on real estate firms' financial risk: Based on the interest conflicts perspective. [PDF]

PLoS One
Huang L, Yu L, Huang W.
europepmc   +1 more source

Can enterprise green transformation inhibit accrual earnings management? Evidence from China. [PDF]

Heliyon
Lei Y, Yan Y, Chen C, Luo T, Wang Y, Wu H.   +5 more
europepmc   +1 more source