Results 191 to 200 of about 88,606 (298)

From Regression to Reasoning: Predicting M&A Announcement Returns With Large Language Models

European Financial Management, EarlyView.
ABSTRACT This study investigates whether large language models (LLMs) can predict short‐term market reactions to M&A announcements. We prompt OpenAI's latest reasoning models (o3, GPT‐5, and GPT‐5.1) to forecast whether the combined market value of acquirer and target will increase or decrease, drawing on deal‐, firm‐, and macroeconomic data for large ...
Maximilian Schreiter, Aldrik Struve, Maximilian Uhle   +2 more
wiley   +1 more source

Financial Statement Readability and Firm Debt Choice

Financial Management, EarlyView.
ABSTRACT Examining more than 16,000 firm‐year observations in the United States, we provide novel evidence showing that higher financial statement readability leads to a decrease in information asymmetry and the need for external monitoring, thereby reducing the reliance on bank debt relative to public debt.
Wajih Abbassi, Hamdi Ben‐Nasr, Sabri Boubaker, Arman Eshraghi   +3 more
wiley   +1 more source

An inevitably ageing world: analysis on the evolutionary pattern of age structure in 200 countries. [PDF]

R Soc Open Sci
Ma J, Chen Q, Chen X, Fan J, Li X.
europepmc   +1 more source

Risk Perceptions and Corporate Financing Behavior

Financial Management, EarlyView.
ABSTRACT Using a recently developed measure of financial market risk perceptions, we show that risk perceptions affect firm‐level corporate financing behavior. Firms tend to adjust their capital structures to cater to investors' appetite for risk. When perceived risks are low, firms tend to choose more leveraged capital structures to take advantage of ...
Youngmin Choi, Armen Hovakimian, Joonsung Won   +2 more
wiley   +1 more source

An arithmetic operation P system based on symmetric ternary system. [PDF]

PLoS One
Nan H, Zhang J, Guo P, Jiang J, Zhang X.
europepmc   +1 more source

Early‐Life Disaster Exposure and the Investment Response to Monetary Policy

Financial Review, EarlyView.
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, Yang Gao, Elie Menassa, Jiayi Yuan   +3 more
wiley   +1 more source

Human capital, technological progress and industrial restructuring. [PDF]

PLoS One
Zhao K, Zhang L.
europepmc   +1 more source

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

Financial 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

New motivation for injury prevention in the face of dramatic demographic changes in China. [PDF]

Inj Prev
Ye W, Yu S, Yang Z, Li L.
europepmc   +1 more source

Political Partisanship and State‐Level Bank Efficiency

Financial Review, EarlyView.
ABSTRACT We examine the relationship between political partisanship and commercial bank efficiency in the United States from 1972 to 2020, assessing the persistent influence of political affiliations at the state and District of Columbia levels. Bank efficiency scores are estimated using a double‐bootstrap approach, and the analysis is conducted within
Jeremy Eng‐Tuck Cheah, Tapas Mishra, Sofia Johan, Thao Ngoc Nguyen   +3 more
wiley   +1 more source