Results 91 to 100 of about 3,558,564 (253)

Proximity to War: The Stock Market Response to the Russian Invasion of Ukraine

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We identify a “proximity penalty” in the stock market response to the Russian invasion of Ukraine: the closer countries are to Ukraine, the lower their equity returns in a four‐week window around the start of the war. This result holds even at the firm level within Ukraine's neighbors. Trade linkages explain two‐thirds of the proximity penalty.
JONATHAN FEDERLE   +3 more
wiley   +1 more source

War as a Phenomenon of Inquiry in Management Studies

open access: yesJournal of Management Studies, EarlyView.
Abstract We argue that war as a phenomenon deserves more focused attention in management. First, we highlight why war is an important and relevant area of inquiry for management scholars. We then integrate scattered conversations on war in management studies into a framework structured around three building blocks – (a) the nature of war from an ...
Fabrice Lumineau, Arne Keller
wiley   +1 more source

Financial/Social Trade‐Offs in Dual‐Purpose Companies

open access: yesJournal of Management Studies, EarlyView.
Abstract Dual‐purpose companies (DPCs) encounter numerous financial and social trade‐offs in their operations. However, existing research has not fully explored the heterogeneity and antecedents of these trade‐offs. To bridge this gap, we first distinguish between scenarios in which trade‐offs are mitigated or intensified, and then categorize the ...
Fengbin Wang   +3 more
wiley   +1 more source

Estimating National and Foreign Trade Elasticities Using Generalized Transport Costs

open access: yesJournal of Regional Science, Volume 65, Issue 2, Page 471-496, March 2025.
ABSTRACT We introduce the definition of two distinct trade elasticities corresponding to imports from regions located in the same country (national elasticities) and foreign regions located in other countries (foreign elasticities). We resort to a three‐tier nested CES utility structure to derive the corresponding demand gravity equations.
José L. Zofío   +3 more
wiley   +1 more source

Horizontal Clusters and Firm Resilience

open access: yesJournal of Regional Science, EarlyView.
ABSTRACT The paper examines the role that cluster‐specific horizontal relationships play in firm resilience following a negative shock. We use the Emilia earthquake that hit part of Emilia‐Romagna (Italy) in May 2012 to provide evidence of the negative effect of horizontal clustering on firm performance after a natural disaster.
Riccardo Marzano
wiley   +1 more source

Market Potential, Road Accessibility, and Firm Births: Evidence From 20 Years of Road Investment

open access: yesJournal of Regional Science, EarlyView.
ABSTRACT This paper investigates the causal effects of road accessibility, measured by market potential, on firm births in Portuguese municipalities between 1991 and 2016, a period marked by significant road improvements. We address the endogeneity of market potential by employing instrumental variables within Poisson Pseudo‐maximum Likelihood ...
Mauricio S. de Carvalho   +4 more
wiley   +1 more source

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