Results 231 to 240 of about 260,767 (259)

Risk premia reconsidered: Illiquidity and selection bias for stocks and corporate bonds in the pre‐First World War period

open access: yesThe Economic History Review, EarlyView.
Abstract Financial history is plagued by a visibility trap. Using the Brussels Stock Exchange (1850–1913), we demonstrate that asset illiquidity introduced selection bias, which systematically inflated historical risk premia. Applying a latent return model, we argue that correcting for this illiquidity decreases the equity and corporate bond risk ...
Justin Case   +2 more
wiley   +1 more source

The Effects of Country Governance Quality on Corporate Sustainability and Ethical Behaviour

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT Using institutional theory, we examine how country governance affects two ESG outcomes: ESG performance and ESG controversies. With Refinitiv/LSEG data for ~146,000 firm‐years in 86 countries (2002–2023) and World Bank WGI, we apply a Mundlak within/between decomposition to test complementarity versus substitution (performance) and prevention ...
Paulo Morais Francisco
wiley   +1 more source

Political Uncertainty and the Timing of Mass Layoffs. [PDF]

open access: yesProd Oper Manag
Aivazian V   +3 more
europepmc   +1 more source

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