Results 71 to 80 of about 39,264 (224)

Mergers and Acquisitions as Navigators of Climate Policy Shocks: Evidence from the NOx Budget Trading Program

open access: yesFinancial Management, EarlyView.
ABSTRACT We examine how mergers and acquisitions (M&As) enable firms to adapt to climate policy shocks. Exploiting the adoption of the Nitrogen Oxides (NOx) Budget Trading Program (NBP) across US states as an exogenous shock, we find that firms with NOx‐emitting plants subject to the NBP are more likely to engage in M&As, particularly through vertical ...
Samer Adra   +3 more
wiley   +1 more source

New Entrants and Contract Redaction

open access: yesJournal of Business Finance &Accounting, EarlyView.
ABSTRACT Using the US Census data to capture new entrants, we find that incumbents are more likely to redact proprietary information embedded in material contracts when a greater number of new firms establish their businesses in the focal firm's industry.
Gary Chen, Xiaoli Tian, Miaomiao Yu
wiley   +1 more source

Innovation Diffusion Among Case‐Based Decision‐Makers

open access: yesJournal of Economics &Management Strategy, EarlyView.
ABSTRACT This paper analyzes a model of innovation diffusion with case‐based individuals a la Gilboa and Schmeidler, who decide whether to consume an incumbent or a new product based on their and their social neighbors' previous consumption experiences. I analyze how diffusion patterns change with individual characteristics, innovation characteristics,
Benson Tsz Kin Leung
wiley   +1 more source

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

The Monetary Policy–Commodities Nexus: A Survey

open access: yesJournal of Economic Surveys, EarlyView.
ABSTRACT This survey synthesizes evidence on the bidirectional links between commodity markets and monetary policy. On the commodities‐to‐policy side, we review how shocks to energy, food, and metals pass through to inflation, inflation expectations, economic activity, and financial stability in state‐dependent ways that vary by shock type, exposure ...
Martin T. Bohl   +2 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

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