The Interaction Between Credit and Labor Market Frictions
ABSTRACT I study a novel two‐way feedback between credit and labor market frictions. Running from credit to labor markets, amplitude in capital demand caused by collateral constraints spills over onto labor demand due to the complementarity of capital and labor; and, furthermore, credit frictions raise effective financial hiring costs, prompting firms ...
Yulia Moiseeva
wiley +1 more source
Dividend policy and crisis: Exploring the interplay between performance and financial constraints in the French context. [PDF]
Theiri S, Ben Hamad S, Ben Amor M.
europepmc +1 more source
Assessing the Employee Welfare Impact of Right‐To‐Work Laws: Insights From State‐Level Legislation
ABSTRACT We examine the effect of right‐to‐work (RTW) laws on employee welfare using the stacked difference‐in‐differences (DiD) methodology. We posit that RTW laws weaken collective bargaining power, increase free riding, and ultimately reduce employee welfare. We document a significant employee welfare decline following RTW adoption, especially among
Shima Amini +2 more
wiley +1 more source
Dividend Payout Ratio and Firm’s Profitability. Evidence from Pakistan
This paper investigates the relationship between dividend payout ratio and profitability of a firm. For this, two main sectors of Pakistan are selected, energy and textile. The study covers a time span of 1996-2008. Firm performance is measured by earning per share (EPS) and return on assets (ROA).
Mudassar Hasan +3 more
openaire +2 more sources
When attentive insider trading matters: Evidence from government investment
Abstract We examine whether insiders can exploit public information to increase their trading profitability. By exploiting, as a quasi‐natural experiment, the Bipartisan Infrastructure Law (BIL), announced in the U.S. in March 2021 and implemented in November 2021, we provide evidence that insiders earn higher profits when government investment plans ...
Dimitris Petmezas +3 more
wiley +1 more source
The relationship between sovereign credit rating changes and firm risk. [PDF]
Chang CC, Wong WK, Lo ST, Liao YH.
europepmc +1 more source
The Effects of Regulatory Office Closures on Bank Behavior
Abstract We investigate if the decentralized structure of regulatory office networks influences supervisory outcomes and bank behavior. Following the closure of an office, banks previously supervised by that office increase their lending and risk‐taking.
IVAN LIM, JENS HAGENDORFF, SETH ARMITAGE
wiley +1 more source
Payout suspensions during the Covid-19 pandemic. [PDF]
Pettenuzzo D +2 more
europepmc +1 more source
Twin Defaults and Bank Capital Requirements
ABSTRACT We examine optimal capital requirements in a quantitative general equilibrium model with banks exposed to nondiversifiable borrower default risk. Contrary to standard models of bank default risk, our framework captures the limited upside, but significant downside risk of loan portfolio returns.
CATERINA MENDICINO +4 more
wiley +1 more source
DETERMINANTS OF MARKET PRICE OF COMMON STOCK OF LISTED INDUSTRIALIZED FIRMS IN NIGERIA
This study explores the effect of the dividend payout ratio on the share price of listed industrialized firms' common stock in Nigeria. This study comprises sixty-three industrialized firms whose shares were listed on the Nigerian stock exchange between
Aishat Salawudeen, Abdullateef Ibrahim
doaj

