Results 131 to 140 of about 841 (212)
Bankruptcy Experience and Corporate Hedging
Journal of Business Finance &Accounting, EarlyView.ABSTRACT We examine whether managers’ prior exposure to corporate bankruptcy shapes corporate risk‐management policies. Using detailed executive employment histories and hand‐collected derivative disclosures for a large sample of US public firms, we find that firms led by bankruptcy‐experienced (BE) CEOs are more likely to use cash‐flow hedges and ...
Taoran Guo, Abe de Jong, Lubna Rahman
wiley +1 more source
Silicon Formalism: Rules, Standards, and Judge AI
Journal of Empirical Legal Studies, EarlyView.ABSTRACT This paper replicates a judicial experiment originally conducted on 61 U.S. federal judges, this time with GPT‐5 as the decision‐maker. The experiment involves a choice‐of‐law dispute in a hypothetical automobile accident case, where three variables are manipulated: (1) whether the applicable doctrine is a rule or a standard, (2) whether the ...
Eric A. Posner, Shivam Saran
wiley +1 more source
When attentive insider trading matters: Evidence from government investment
Journal of Financial Research, EarlyView.Abstract We examine whether insiders can exploit public information to increase their trading profitability. By exploiting, as a quasi‐natural experiment, the Bipartisan Infrastructure Law (BIL), announced in the U.S. in March 2021 and implemented in November 2021, we provide evidence that insiders earn higher profits when government investment plans ...
Dimitris Petmezas +3 more
wiley +1 more source
Bank geographic deregulation, new credit accounts, and consumer credit
Journal of Financial Research, EarlyView.Abstract The bank deregulation literature documents positive effects of intrastate branching—allowing expansion of bank‐branch network within a state—on real economic outcomes such as income growth, income insurance, income inequality, and homeownership.
Chintal Ajitbhai Desai
wiley +1 more source
Economic policy uncertainty and international corporate leasing
Journal of Financial Research, EarlyView.Abstract We examine the effect of economic policy uncertainty (EPU) on the corporate lease decision using an international sample of 19 countries. The use of operating leases increases when EPU is heightened. The documented leasing increase is more pronounced for financially constrained firms, firms facing greater operating volatility, or those that ...
Goutham Abotula +2 more
wiley +1 more source
The Tipping Point: Interest Rates and Financial Stability
Journal of Money, Credit and Banking, EarlyView.Abstract This paper studies the impact of interest rates on bank stability in a standard bank‐run model. Banks invest in long‐term assets, whose value decreases with interest rates, and set deposit rates to optimally insure depositors' liquidity risk.
DAVIDE PORCELLACCHIA
wiley +1 more source
Local Elites in Chile's Pisco Valley: Dispossession, Legal Mobilisation and Intertwined Citizenship
Journal of Agrarian Change, EarlyView.ABSTRACT In countries in the Global South, citizenship is often closely tied to access to water and land ownership. In Latin America, the literature has primarily explored social mobilisation and identity reconfiguration in response to development‐driven processes of land and water dispossession affecting peasants, rural and Indigenous communities ...
Chloé Nicolas‐Artero
wiley +1 more source
Journal of Agrarian Change, EarlyView.ABSTRACT This paper explores the paradox of seeking local solutions in rural development when conflicts result from structural transformations of the agrarian economy driven by national political choices. Since the 1990s, participatory approaches inspired by neo‐institutionalist theories of local governance have encouraged development actors to view ...
Toni‐Giovanni Pegurri
wiley +1 more source
Mapping the Impact of Artificial Intelligence on Firm Performance: A Bibliometric Review
Journal of Economic Surveys, EarlyView.ABSTRACT Artificial intelligence (AI) has become a significant driver of improvement and progress, with a profound impact on various areas of human activity. According to the existing body of scientific literature, AI possesses the potential to profoundly transform human society by automating complex processes, improving decision‐making capabilities ...
Claudiu Cicea +2 more
wiley +1 more source
The Incentive Virtues of Performance‐Based Trade Allowances and Loss Leading
The Journal of Industrial Economics, EarlyView.ABSTRACT A retailer can boost demand for a manufacturer's product through non‐verifiable activities. Performance‐based trade allowances—rebates conditional on the retailer's successful sales efforts—help mitigate this moral hazard problem. In equilibrium, the wholesale contract includes a retail price set below cost, complemented by a rebate for ...
David Martimort, Jérôme Pouyet
wiley +1 more source