Results 91 to 100 of about 45,474 (275)
Climate shocks, democratization and (a culture of) cooperation
Economica, EarlyView.Abstract While the direct economic effects of adverse climate shocks are well known, their indirect institutional impact is still poorly understood. To clarify this, we test the idea that adverse climate shocks push time‐inconsistent elites to enact inclusive political institutions, and non‐elites to embrace strong norms of cooperation.
Giacomo Benati, Carmine Guerriero
wiley +1 more source
The Role of Intangible Investment in Predicting Stock Returns: Six Decades of Evidence
Financial Management, EarlyView.ABSTRACT Using an intangible intensity factor that is orthogonal to the Fama–French factors, we compare the role of intangible investment in predicting stock returns over the periods 1963–1992 and 1993–2022. For 1963–1992, intangible investment is weak in predicting stock returns, but for 1993–2022, the predictive power of intangible investment becomes
Lin Li
wiley +1 more source
Calendar Anomalies in an Emerging African Market: Evidence from the Ghana Stock Exchange. [PDF]
This paper investigates two calendar anomalies in an emerging African market. Both the day of the week and month of the year effects are examined for Ghana.
Paul Alagidede, Theodore Panagiotidis
core
Risk and seasonal effects: International evidence [PDF]
, 2012 Various explanations have been investigated to the January effect in existent literature, but no conclusive explanation has been given to distinguish particular explanation from others. A time-series GARCH-M model with the conditional variance as proxies
Chen, Q
core
Exposure to Left‐Tail Risk, Risk Appetite, and Mutual Fund Flows
Financial Review, EarlyView.ABSTRACT Using a measure of aggregate tail risk, we show that a fund's sensitivity (exposure) to tail risk negatively affects the fund flows and the fund's performance. Further, a fund's tail risk sensitivity relates positively to the left‐tail risk measures of the fund.
Ali K. Malik
wiley +1 more source
Revisiting Calender Anomolies in Asian Stock Markets Using a Stochastic Dominance Approach [PDF]
Extensive evidence on the prevalence of calendar effects suggests that there exists abnormal returns, but some recent studies have concluded that calendar effects have largely disappeared. In spite of the non-normal nature of stock returns, most previous
Lean Hooi Hooi +2 more
core
The Information Content of Operational Effectiveness
Journal of Business Finance &Accounting, EarlyView.ABSTRACT We address whether and why a firm's operational effectiveness, OpEff$\textit{OpEff}$, has information content for investors and what role that information plays in the price discovery process at quarterly earnings announcements. We measure OpEff$\textit{OpEff}$ using the cash conversion cycle (CCC) multiplied by −1, such that higher OpEff ...
Mary E. Barth +2 more
wiley +1 more source
The day of the week effects in Indonesia, Singapore, and Malaysia stock market [PDF]
Efficient market stated that stock’s return is indifferent in each trading day. But, the day of the week effects phenomenon made a different return in each single day in a week.
Anwar, Yunita, Mulyadi, Martin Surya
core +1 more source
, 2010 Phenological timing -- i.e. the course of annually recurring development stages in nature -- is of particular interest since it can be understood as a proxy for the climate at a specific region; moreover changes in the so called phenological phases can ...
Holsten, Anne +2 more
core +1 more source
Mutual fund director compensation
Journal of Financial Research, EarlyView.Abstract We examine director compensation using a large sample of hand‐compiled U.S. mutual fund data. We find that director compensation is positively correlated with observable productive characteristics—workload, experience, and demographics—that capture the benefits from the directors’ monitoring effort.
John Adams +2 more
wiley +1 more source