Results 211 to 220 of about 5,802,103 (296)

Atlantic trade and the West African market economy: New evidence from cowry imports, 1650–1905

open access: yesThe Economic History Review, EarlyView.
Abstract Between the seventeenth and twentieth centuries, billions of cowries arrived in West Africa, leaving one of the few quantitative traces available for historians to measure the Atlantic trade's impact on the precolonial market economy. Yet, current estimates substantially underestimate the volume of cowry imports.
María José Pont Cháfer
wiley   +1 more source

Free to choose: Bank capital in Britain, 1878–1939

open access: yesThe Economic History Review, EarlyView.
Abstract Government regulation of the banking sector is pervasive, making it difficult to empirically analyse when banks would voluntarily choose to issue equity if there were no minimum requirements on capital adequacy. A unique historical setting occurred in the late nineteenth‐century United Kingdom when joint‐stock banks were free to choose their ...
Gareth Campbell   +2 more
wiley   +1 more source

Too good to be true? A systematic literature review about the ambivalent consequences and managerial challenges of purpose implementation

open access: yesEuropean Management Review, EarlyView.
Abstract Corporate purpose has rapidly gained prominence in management literature and is considered a highly influential concept in business, promising to enable businesses' transformative power. While most existing studies highlight the positive outcomes of incorporating purpose into organizational frameworks, some research highlights negative ...
Nicole Steller, Guido Möllering
wiley   +1 more source

Board Independence and Adjustment Speed of CEO Inside Debt

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT We find that firms with more independent directors adjust CEO inside debt towards an optimum more quickly. This effect is more pronounced in financially unconstrained, growth, and under‐levered firms, and also firms led by more powerful or overconfident CEOs.
Bonnie Buchanan, Shuhui Wang, Tina Yang
wiley   +1 more source

The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato   +2 more
wiley   +1 more source

Climate Uncertainty and Financial Subordination: Evidence From a Two‐Country Stock‐Flow Consistent Model

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT In the face of climate change, uncertainty is deep, systemic, and does not propagate amid an institutional vacuum, contrary to assumptions often underlying existing macroeconomic climate models. The paper presents a macroeconomic Stock‐Flow Consistent model to examine the impact of climate‐related financial pressures under fundamental ...
Riccardo D'Orsi
wiley   +1 more source

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