Results 191 to 200 of about 463,352 (288)

Optimal Hedging Strategies in the Low‐Sulphur Bunker Fuel Landscape

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT The IMO2020 regulation for the green transition in shipping turned the industry into using two compliant bunker fuels: very low‐sulphur fuel oil (VLSFO) and low‐sulphur marine gas oil (LSMGO). VLSFO futures contracts introduced in late 2019 and other energy‐related futures contracts indicate that the VLSFO contracts trading on the Singapore ...
Xiwen Bai   +2 more
wiley   +1 more source

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

Dissecting autonomous enzymatic variability in single cells. [PDF]

open access: yesNat Commun
Gnann C   +12 more
europepmc   +1 more source

Behavioural Diversity of Fishes: Concepts, Drivers and Its Role in Conservation and Management

open access: yesFish and Fisheries, EarlyView.
ABSTRACT Human activity has altered nearly all ecosystems on Earth, contributing to substantial biodiversity loss across taxonomic, genetic and functional dimensions, from the intraspecific to the ecosystem scale. Yet some components of biodiversity remain hidden or underappreciated, including behavioural diversity.
Marie Prchalová   +25 more
wiley   +1 more source

Lender‐Affiliated Analysts and Syndicated Loans

open access: yesFinancial Management, EarlyView.
ABSTRACT Loans to borrowers covered by affiliated analysts have lower spreads. This effect is driven mostly by affiliated analysts sharing information with, rather than demanding information from, lending arms. Exploiting plausibly exogenous changes in brokerage affiliations, we find that the results are likely to be causal.
Yongqiang Chu, Tao Ma, Cong (Roman) Wang
wiley   +1 more source

Brand Equity and Debt Diversification

open access: yesFinancial Management, EarlyView.
ABSTRACT This study examines how brand equity influences the diversity of firms’ debt structures. We propose that brand equity, by signaling larger and more stable future cash flows and greater product market awareness, alters the fundamental trade‐offs that drive optimal debt type diversity.
David C. Mauer   +2 more
wiley   +1 more source

Shareholder Activism: Affliction for Incumbent CEOs?

open access: yesFinancial Management, EarlyView.
ABSTRACT We study how shareholder activism shapes CEO careers by distinguishing between two competing hypotheses: discipline and reallocation. Employing a control function approach with expected mutual fund fire sales and purchases as exclusion restrictions, we analyze 3799 US campaigns from 2006 to 2018.
Jana P. Fidrmuc   +2 more
wiley   +1 more source

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