Results 171 to 180 of about 150,393 (216)

The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato   +2 more
wiley   +1 more source

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

Dynamic changes in the endophytic bacterial communities of huanglongbing-affected periwinkle leaves. [PDF]

open access: yesFront Microbiol
Liu X   +8 more
europepmc   +1 more source

Factors Influencing the Stocking of Juvenile Pikeperch (Sander lucioperca)

open access: yesFisheries Management and Ecology, EarlyView.
ABSTRACT Predator species of fish play crucial roles in ecosystem balance through top‐down control, a mechanism frequently exploited in biomanipulation to stock predator species. Juvenile pikeperch (Sander lucioperca) were stocked (n = 52,887) in spring 2023 and 2024 and autumn 2023 to compare stocking efficiency between Recirculation Aquaculture ...
Michaela Holubová   +17 more
wiley   +1 more source

Flexible Contract, Flexible Morale? Microcredit Design and Repayment Discipline

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Flexible repayment benefits borrowers, but practitioners fear increased moral hazard. Investigating their concerns requires disentangling repayment choices from repayment capacity, which is typically infeasible in field studies. We use a lab‐in‐the‐field experiment with 645 microcredit borrowers to cleanly identify the effect of repayment ...
Kristina Czura, Anett John, Lisa Spantig
wiley   +1 more source

College Financial Aid Application Frictions

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We document that 11 percent of recent U.S. high school graduates did not apply for federal student aid due to difficulty in applying, mistaken beliefs, or lack of awareness. Not applying due to such application frictions negatively predicts college enrollment after controlling for other attributes.
Emily G. Moschini   +1 more
wiley   +1 more source

Strategic delegation and risk‐taking in R&D: Partial delegation versus full delegation

open access: yesInternational Journal of Economic Theory, EarlyView.
Abstract We examine firm's risk‐taking decisions in R&D under two different delegation strategies between partial delegation (PD) and full delegation (FD): FD authorizes both quantity and R&D risk but PD only authorizes quantity. Cournot firms under the FD set higher profit weights at the expected value of cost realization, which can lessen competition,
Mingqing Xing, Sang‐Ho Lee
wiley   +1 more source

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