IMPLEMENTATION WITH STATE DEPENDENT FEASIBLE SETS AND PREFERENCES: A RENEGOTIATION APPROACH [PDF]
In this paper we present a model of implementation based on the idea that agents renegotiate unfeasible allocations. We characterize the maximal set of Social Choice Correspondences that can be implemented in Nash Equilibrium with a class of ...
Luis C. Corchon, Matteo Triosi
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The effect of CEO adverse professional experience on management forecast pessimism
Accounting &Finance, Volume 65, Issue 1, Page 219-250, March 2025.Abstract We examine how CEOs' past experiences of corporate distress affect their subsequent forecast behaviour. We find that CEOs who experienced distress in a non‐CEO position at another firm issue more pessimistic management earnings forecasts after becoming CEO at their current firm.
Eunice S. Khoo +2 more
wiley +1 more source
Home country versus cross-border negative externalities in large banking organization failures and how to avoid them [PDF]
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large cross-border banking organization.
Robert A. Eisenbeis
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Defence Contracting and Accrual‐Based Earnings Management
Accounting &Finance, EarlyView.ABSTRACT We examine accrual‐based earnings management in Spanish defence firms in 2011–2020, using a unique database from the Spanish Ministry of Defence. We find higher levels of accrual‐based earnings management and lower accrual quality in firms where defence contracts represent a high proportion of their total sales.
Francisco José Callado‐Muñoz +3 more
wiley +1 more source
Asia‐Pacific Economic History Review, Volume 65, Issue 1, Page 131-159, March 2025.Abstract This study examines the adaptive market hypothesis in the prewar and wartime Japanese stock market using a new market capitalization‐weighted price index. First, we find that the degree of market efficiency varies over time and with major historical events. This implies that the hypothesis is supported in this market.
Kenichi Hirayama, Akihiko Noda
wiley +1 more source
A thinking innovation strategy based Northern goshawk optimizer enhanced extreme learning machine for bankruptcy prediction problems. [PDF]
Sci RepJiang K, Zhao X, Li Y, Chen B.
europepmc +1 more source
You Only Die Once: Managing Discrete Interdependent Risks [PDF]
This paper extends our earlier analysis of interdependent security issues to a general class of problems involving discrete interdependent risks with heterogeneous agents.
Geoffrey Heal, Howard Kunreuther
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Faith, gender and financial investment: Providence and Presbyterianism in Scotland and abroad
Asia‐Pacific Economic History Review, EarlyView.Abstract Mid‐nineteenth century fictional representations of misdirected investment by widows and clergy position them as ignorant in financial matters and hence pitiable. While scholars have recognised female agency in nineteenth century commerce, insufficient attention has been paid to religious belief in financial decision‐making.
Jennifer Jones, Susan Poole
wiley +1 more source
Enhanced adaptive zebra optimization algorithm optimized kernel extreme learning machine for bankruptcy prediction problems. [PDF]
Sci RepLiu W, Zhang Y, Du M.
europepmc +1 more source
Population monotonicity, consistency and the random arrival rule [PDF]
In bankruptcy problems we characterize the random arrival rule by means of CG-consistency and population monotonicity.
Tsung-fu Wang, Yan-an Hwang
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