Results 181 to 190 of about 41,359 (312)

Broke Autocrats, Broken Elections: Trade Shocks and Electoral Fraud in Autocracies

open access: yesEconomics &Politics, EarlyView.
ABSTRACT We argue that when terms‐of‐trade (ToT) shocks reduce resource rents, autocrats lose the fiscal capacity to sustain loyalty through patronage and increasingly rely on electoral manipulation as a survival strategy. We present a simple model in which rents finance patronage in normal times, while adverse shocks reduce the effectiveness of ...
Antonis Adam, Sofia Tsarsitalidou
wiley   +1 more source

REITs and Idiosyncratic Risk [PDF]

open access: yes
This study examines various determinants of idiosyncratic risk from the perspective of un-diversified REIT investors, managers holding options, other option holders, and arbitrageurs.
James R. Webb   +2 more
core  

ESG Thematic Bonds in Emerging Markets: Risk, Uncertainty, and Ambiguity

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT We examine the impact of risk aversion, ambiguity, and uncertainty (geopolitical and economic) on the ESG thematic bond markets in emerging countries. We analyze ESG sovereign (both USD and local currency denominated) and corporate bond markets on the aggregate and regional levels.
Nebojsa Dimic   +3 more
wiley   +1 more source

Revisiting Asset Pricing Models: The Case for an Intangibles Factor

open access: yesFinancial Management, EarlyView.
ABSTRACT In an increasingly knowledge‐based economy, intangible assets may be an important driver of firm performance and stock returns. We introduce an intangibles intensity factor (INT), distinct from the organization capital factor, and show that exposure to this factor strongly predicts stock returns, outperforming traditional factors.
Dion Bongaerts   +2 more
wiley   +1 more source

Financial Statement Information and Equity Value: The Role of Real Options Characteristics

open access: yesFinancial Management, EarlyView.
ABSTRACT This paper examines whether firm‐specific real options characteristics are equity value‐relevant beyond valuation estimates anchored in financial statements. Using extensive historical data for the United Kingdom, we assess and compare the forecast accuracy and explanatory power for stock prices of equity valuation models based on residual ...
Mingyu (Chandler) Chen   +2 more
wiley   +1 more source

Editor's introduction. [PDF]

open access: yesFinanc Innov, 2022
Kou G.
europepmc   +1 more source

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