Skew Premiums Around Earnings Announcements
ABSTRACT We examine skew premiums in equity options around earnings announcements. We use the realized returns to delta‐neutral risk reversal option spreads as a proxy for the skew premiums. We find skew premiums are economically significant around earnings announcements and are not explained by changes in variance risk premiums.
Thaddeus Neururer, George Papadakis
wiley +1 more source
Impact of mandatory environmental information disclosure on the capital cost: Evidence from listed companies in China. [PDF]
Tian L, Shen Y, Du M.
europepmc +1 more source
Share Repurchases and Investment Policies
ABSTRACT Our study examines the claim that share repurchases lead to reductions in real investments. Repurchase opponents argue that managers forego valuable investments to conduct opportunistic repurchases, while proponents argue that repurchases return excess cash to shareholders.
Paul Brockman +2 more
wiley +1 more source
Climate change, modern slavery, and its impact on health - A youth perspective and global call to action. [PDF]
Srihari G +9 more
europepmc +1 more source
Early‐Life Disaster Exposure and the Investment Response to Monetary Policy
ABSTRACT We place CEOs' formative experiences at the center of analyzing how firms respond to monetary policy. Specifically, we examine how early‐life exposure to natural disasters shapes CEOs’ investment behavior following monetary shocks. CEOs with exposure to moderate natural disasters during their formative years exhibit stronger risk‐taking ...
Samer Adra +3 more
wiley +1 more source
Aging and urban innovation: a human capital perspective. [PDF]
Cui J +5 more
europepmc +1 more source
Exposure to Left‐Tail Risk, Risk Appetite, and Mutual Fund Flows
ABSTRACT Using a measure of aggregate tail risk, we show that a fund's sensitivity (exposure) to tail risk negatively affects the fund flows and the fund's performance. Further, a fund's tail risk sensitivity relates positively to the left‐tail risk measures of the fund.
Ali K. Malik
wiley +1 more source
Can the International Conference on Population and Development Programme of Action and Cairo Consensus Normalize the Discourse on Population? [PDF]
Brown W, Hardee K.
europepmc +1 more source
Is the market biased in M&A, dividend payment, and share repurchase events? [PDF]
Quang LT.
europepmc +1 more source

