Results 141 to 150 of about 3,204 (205)
Information and communication technology innovations and labor hours: A business cycle analysis
Economic Inquiry, EarlyView.Abstract This paper examines the impact of changes in information and communication technologies (ICTs) on skilled and unskilled labor at the business cycle frequency. To achieve this, we construct aggregate hours series for both labor groups using the monthly outgoing rotation group of the Current Population Survey from 1994 to 2023.
Sangheon Ahn, Soojin Jo, Myungkyu Shim
wiley +1 more source
The Economic History Review, EarlyView.Abstract When studying French prices between 1938 and 1949, economists and historians face a paradox: whilst a vast black market shaped daily life, official indices recorded only state‐controlled prices. This article addresses the issue by introducing a new consumer price index that incorporates both official and black market prices.
Patrice Baubeau, Matéo Teixeira
wiley +1 more source
European Financial Management, EarlyView.ABSTRACT We examine how peer firms outside hurricane‐affected regions respond through management forecasts. Hurricanes weaken affected firms and create opportunities for unaffected peers, which may attract investor attention and reduce heightened uncertainty.
Xiaohui Liu +3 more
wiley +1 more source
European Financial Management, EarlyView.ABSTRACT Zero‐leverage firms remain a puzzle in corporate finance. We propose a supply‐side mechanism linking environmental impact to debt access. Because creditors favour firms with high negative externalities and strong cash flows, environmentally friendly firms with high initial costs face tighter credit constraints.
Paolo Saona +3 more
wiley +1 more source
Does Managerial Ability Remain Valuable During Economic Shocks?
European Financial Management, EarlyView.ABSTRACT Managerial ability is often viewed as a source of competitive advantage, but its value may diminish when economic conditions change. We examine whether managerial ability remains valuable during monetary policy shocks and whether financial markets recognize this adaptive capacity.
Samer Adra, Yang Gao, Jiayi Yuan
wiley +1 more source
Life Cycle Consumption and Portfolio Choice Under Real Interest Rate Risk
Financial Management, EarlyView.ABSTRACT We set up a life cycle model with real interest rate risk to demonstrate that real interest rates have implications for optimal household consumption and investments. Lower interest rates lead to higher optimal stock investments and lower consumption.
Marcel Fischer, Natascha Jankowski
wiley +1 more source
Risk Perceptions and Corporate Financing Behavior
Financial Management, EarlyView.ABSTRACT Using a recently developed measure of financial market risk perceptions, we show that risk perceptions affect firm‐level corporate financing behavior. Firms tend to adjust their capital structures to cater to investors' appetite for risk. When perceived risks are low, firms tend to choose more leveraged capital structures to take advantage of ...
Youngmin Choi +2 more
wiley +1 more source
Price and Non‐price Terms of Syndicated Loans to Technology Firms
Financial Management, EarlyView.ABSTRACT This paper examines whether US technology firms receive different price and nonprice terms in the syndicated loan market compared to nontechnology firms. The analysis reveals that technology borrowers face significantly less favorable terms, including 12 basis points higher loan spreads, approximately 5%$\%$ shorter maturities, and loan sizes ...
Weiting Hu +2 more
wiley +1 more source
Gerodontology, EarlyView.ABSTRACT Objective The objective of this study is to investigate the effect of dual‐light antimicrobial photodynamic therapy (aPDT) on oral health among older people living in assisted living facilities (ALF), comparing it to conventional oral self‐care guidance.
Wilma Romppanen +7 more
wiley +1 more source
Gerodontology, EarlyView.ABSTRACT Background Periodontitis is a prevalent chronic inflammatory condition that frequently co‐occurs with systemic chronic diseases. Although older adults experience a high burden of both periodontitis and chronic conditions, the extent to which age‐specific evidence has been synthesised remains unclear.
Manisha Tamrakar +4 more
wiley +1 more source