Results 111 to 120 of about 763 (248)

Mergers and Acquisitions as Navigators of Climate Policy Shocks: Evidence from the NOx Budget Trading Program

open access: yesFinancial Management, EarlyView.
ABSTRACT We examine how mergers and acquisitions (M&As) enable firms to adapt to climate policy shocks. Exploiting the adoption of the Nitrogen Oxides (NOx) Budget Trading Program (NBP) across US states as an exogenous shock, we find that firms with NOx‐emitting plants subject to the NBP are more likely to engage in M&As, particularly through vertical ...
Samer Adra   +3 more
wiley   +1 more source

The Short and the Long of It: Stock‐Flow Matching in the US Housing Market

open access: yesInternational Economic Review, EarlyView.
ABSTRACT From 2006 until 2020, the probability of selling a house in the U.S. declined sharply after listing for 2 weeks. Moreover, sales within the first 2 weeks of listing (“quick sales”) and sales happening afterward (“slow sales”) behaved differently over the housing cycle.
Eric Smith, Zoe Xie, Lei Fang
wiley   +1 more source

Assessing second‐price auctions for parcel exchanges in last‐mile logistics

open access: yesInternational Transactions in Operational Research, EarlyView.
Abstract The rapid growth of e‐commerce has led to multiple carriers operating in the same regions, creating opportunities for collaboration. However, logistics companies typically operate independently, leading to inefficiencies. Horizontal cooperation, where carriers share resources and infrastructure, can improve efficiency and reduce costs.
Christian Truden, Margaretha Gansterer
wiley   +1 more source

Fish welfare in a changing world: New developments and current challenges

open access: yesJournal of Fish Biology, EarlyView.
Abstract The welfare of non‐human animals is central to ethical discussions on animal use, with increasing attention to fish welfare across research, aquaria, aquaculture, and fisheries. This paper reviews current theoretical approaches to animal welfare and recent advances in defining and assessing fish welfare since the seminal paper by Huntingford ...
Sonia Rey Planellas   +16 more
wiley   +1 more source

Who can see the iceberg's peak? How icebergs are used by information and liquidity traders

open access: yesJournal of Financial Research, Volume 48, Issue 1, Page 227-265, Spring 2025.
Abstract Iceberg orders are partially disclosed limit orders that only reveal a small portion of their hidden volume at any time. Once traded, the iceberg order automatically replenishes until all its hidden volume executes. Consistent with theory, icebergs appeal to both information and liquidity traders. Information traders place orders at aggressive
Paul Lajbcygier, Van Hoang Vu
wiley   +1 more source

Central Bank Purchases and Corporate Bond Issuance during the Pandemic: The Case of Japan

open access: yesJournal of Financial Research, EarlyView.
Abstract In its massive purchases of corporate bonds during the COVID‐19 pandemic, the Bank of Japan set the maximum eligible remaining maturity at 5 years. I document that during the postpandemic period, Japanese firms increased bond issuance, with the increase concentrated in (1) issuance of bonds with eligible maturities (1–5 years) and (2 ...
Yusuke Tsujimoto
wiley   +1 more source

Social media, high‐frequency trading, and market making after‐hours – Evidence from presidential tweets

open access: yesJournal of Financial Research, EarlyView.
Abstract I analyze differences between the core and extended trading sessions in the high‐frequency reaction of equity markets to potential news. Using presidential tweets as unanticipated, potentially market‐stirring events, I find that volatility increases and liquidity deteriorates within fractions of a second after a tweet.
Stefan Scharnowski
wiley   +1 more source

The Woven Standard of ʿĀšūrā᾽ in the Qajar Era: An Artistic Archaeological Study

open access: yesJournal of General Union of Arab Archaeologists
This Study Aims to investigate the woven banners associated with Ashura rituals during the Qajar era by examining their historical development, artistic features, decorative elements, inscriptions, and symbolic significance within religious and ...
Mohamed Kotb Abou El-Ala
doaj   +1 more source

EU ETS Market Expectations and Rational Bubbles

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract The European Union Emissions Trading System (EU ETS) experienced sharp allowance price increases from 2018 onward, prompting claims that rational bubbles were driving the surge. We reassess this hypothesis using expectations based on futures prices.
CHRISTOPH WEGENER   +2 more
wiley   +1 more source

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