Results 191 to 200 of about 88,225 (301)

Exposure to Left‐Tail Risk, Risk Appetite, and Mutual Fund Flows

open access: yesFinancial Review, EarlyView.
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

Cryptocurrency Bubbles and Costly Mining

open access: yesInternational Economic Review, EarlyView.
ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley   +1 more source

Dynamics of High‐Growth Young Firms and the Role of Venture Capitalists

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Motivated by the substantial growth and upfront investments of venture capital (VC)‐backed firms observed in administrative US Census data, this study develops a life‐cycle firm dynamics model. In the model, startups choose the source of financing from VC, angel investors, or banks, depending on their growth potential, and invest in innovation.
Yoshiki Ando
wiley   +1 more source

Architect of the Image: Argumentation, Economy and Translation in Gregory of Nyssa’s On the Human Image

open access: yesInternational Journal of Systematic Theology, EarlyView.
Abstract In this contribution to a book symposium on Gregory of Nyssa’s On the Human Image, Morwenna Ludlow reflects on John Behr’s attention to the literary structure and argumentative flow of the book, its interplay with the similarly structured Timaeus of Plato and the difficulties of translating a work of such rhetorical and pastoral sophistication
Morwenna Ludlow
wiley   +1 more source

Pan‐Europe Revisited: Inter‐War Debates and the EU's Pursuit of Geopolitical Power

open access: yesJCMS: Journal of Common Market Studies, EarlyView.
ABSTRACT The European Union's (EU) transformation from a peace project to an assertive geopolitical actor reflects enduring tensions in integration theory dating back to the inter‐war period. This paper develops a comparative framework distinguishing territorial integration logic, which emphasises bounded political communities and collective defence ...
Kamil Zwolski
wiley   +1 more source

Selling to buy: Asset sales, acquisition financing, and value creation

open access: yesJournal of Financial Research, EarlyView.
Abstract In line with increased liquidity offered by asset sales, our findings show that firms selling large assets prior to acquisitions are more likely to use cash as payment method. Additionally, we find that in subsequent cash acquisitions, firms using cash stemming from asset sales experience higher announcement abnormal returns compared to firms ...
Christos Mavrovitis (Mavis)   +2 more
wiley   +1 more source

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