Results 191 to 200 of about 41,359 (312)

Life Cycle Consumption and Portfolio Choice Under Real Interest Rate Risk

open access: yesFinancial Management, EarlyView.
ABSTRACT We set up a life cycle model with real interest rate risk to demonstrate that real interest rates have implications for optimal household consumption and investments. Lower interest rates lead to higher optimal stock investments and lower consumption.
Marcel Fischer, Natascha Jankowski
wiley   +1 more source

Intangible Value Creation Through Teamwork

open access: yesFinancial Management, EarlyView.
ABSTRACT Using a sample of US firms from 1993 to 2023, comprising 38,502 firm‐year observations, we find that collaboration culture positively correlates with intangible value creation. We identify corporate innovation and human capital as the mechanisms via which collaboration correlates with intangible value creation.
Sagarika Mishra   +2 more
wiley   +1 more source

Skew Premiums Around Earnings Announcements

open access: yesFinancial Review, EarlyView.
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

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

Miners' Reward Elasticity and Stability of Competing Proof‐of‐Work Cryptocurrencies

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Proof‐of‐Work cryptocurrencies employ miners to sustain the system through algorithmic reward adjustments. We develop a stochastic model of the multicurrency mining and identify conditions for stable transaction speeds. Bitcoin's algorithm requires hash supply elasticity <$<$1 for stability, while ASERT remains stable for any elasticity and ...
Kohei Kawaguchi   +2 more
wiley   +1 more source

The gendered impact of time on inclusion in African organizations: A systematic literature review

open access: yesInternational Journal of Management Reviews, EarlyView.
Abstract Management and organization research has paid limited attention to how gender, time and organizational dynamics intersect, particularly in shaping gender equality and inclusion. The extant literature also remains largely western‐centric in its focus on the conceptualizations of time and gendered time use.
Hakeem Adeniyi Ajonbadi   +4 more
wiley   +1 more source

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