The Economic Consequences of Social Unrest: Evidence from Initial Public Offerings
European Financial Management, Volume 31, Issue 4, Page 1369-1397, September 2025.ABSTRACT Prior research attributes negative stock market performance following episodes of social unrest to elevated uncertainty. However, social unrest does not solely increase uncertainty but separately acts to decrease investor sentiment. To determine which effect dominates, we study initial public offering (IPO) underpricing, which responds ...
Philip Barrett +2 more
wiley +1 more source
Time Zone Difference and Equity Market Price Efficiency Post‐Earnings Announcements
European Financial Management, Volume 31, Issue 4, Page 1354-1368, September 2025.ABSTRACT This study investigates whether differences in investors' time zones affect stocks' price efficiency post‐earnings announcements on the Australian Securities Exchange. We examine how stocks heavily held by investors in a time zone significantly behind the exchange time zone respond to earnings announcements, compared to stocks that are not ...
Anil Gautam, Grace Lepone
wiley +1 more source
A new pricing method for integrated energy systems based on geometric Brownian motions under the risk-neutral measure. [PDF]
HeliyonLiu J, Zhou L, Yu H.
europepmc +1 more source
Disagreement and returns: The case of cryptocurrencies
Financial Management, Volume 54, Issue 3, Page 633-672, Autumn (Fall) 2025.Abstract We present the first evidence of investor‐trading‐based disagreement's influence on cross‐sectional cryptocurrency daily returns. We interpret abnormal trading volume as investor disagreement and find evidence in support of Miller's disagreement model: when short‐sale constraints are binding, high abnormal volume (high disagreement) assets ...
Jon A. Garfinkel +2 more
wiley +1 more source
From algorithms to negotiations: Why health diplomacy must adapt. [PDF]
PLOS Glob Public HealthWong BLH +5 more
europepmc +1 more source
Regulatory Capital Management to Exceed Thresholds
Journal of Money, Credit and Banking, Volume 57, Issue 6, Page 1421-1464, September 2025.Abstract We investigate whether a carrot approach, which provides benefits for regulatory compliance rather than penalties for noncompliance, incentivizes banks to reach capital levels above the minimum requirements. We document a significant discontinuity at the 10% regulatory capital threshold, where banks receive benefits for exceeding it.
LUCIANA OROZCO, SILVINA RUBIO
wiley +1 more source
Cross-section without factors: a string model for expected returns. [PDF]
Quant FinanceDistaso W, Mele A, Vilkov G.
europepmc +1 more source
Why do famines still occur in the 21st Century? A review on the causes of extreme food insecurity
Journal of Economic Surveys, Volume 39, Issue 4, Page 1433-1461, September 2025.Abstract Why do famines persist in the 21st century, despite significant advances in agricultural productivity? Throughout human history, famines have been – and continue to be – among the harshest manifestations of destitution. They result from the exacerbation of human vulnerabilities caused by the synergistic interaction of multiple anthropogenic ...
Sergio Tezanos‐Vázquez
wiley +1 more source
Information aggregation, speculation, and arbitrage in a simple option market experiment
, 2001 Bettina Rockenbach
openalex +2 more sources
A Stochastic Tree for Bubble Asset Modelling and Pricing
Journal of Time Series Analysis, Volume 46, Issue 5, Page 932-944, September 2025.ABSTRACT We introduce a new stochastic tree representation of a strictly stationary submartingale process for modelling, forecasting, and pricing speculative bubbles on commodity and cryptocurrency markets. The model is compared to other trees proposed in the literature on bubble asset modelling and stochastic volatility approximation. We show that the
Christian Gourieroux, Joann Jasiak
wiley +1 more source