Results 81 to 90 of about 2,365,855 (190)
Wall Street QE vs. Main Street Lending. [PDF]
Eur Econ Rev, 2023 Cardamone D, Sims E, Wu JC.
europepmc +1 more source
Rational Expectations Fools' Bubbles
International Economic Review, EarlyView.ABSTRACT We develop a rational, Walrasian model of speculative bubbles inspired by the Kindleberger–Minsky view, which describes bubbles as wave‐like market processes. Touched off by an initial shock, price booms are initially self‐reinforcing but become self‐destructive later when prices surpass fundamental value.
Luis Araujo, Antonio Doblas‐Madrid
wiley +1 more source
The Persistence and Predictive Power of the Dividend-Price Ratio [PDF]
This paper presents strong statistical evidence that the dividend- price ratio in the US has experienced a change in persistence from I(0) to I(1), while stock returns have not.
Cheolbeom Park
core
Exposure to Climate Change and Earnings Manipulation
Journal of Business Finance &Accounting, EarlyView.ABSTRACT This study investigates whether and how climate change exposure (CCE) influences corporate financial reporting practices. Using a newly developed firm‐specific CCE measure from conference calls, we find that US firms with higher CCE exhibit greater real earnings management (REM).
Ramzi Benkraiem +4 more
wiley +1 more source
A pandemic business interruption insurance. [PDF]
Geneva Risk Insur Rev, 2023 Louaas A, Picard P.
europepmc +1 more source
Neurophysiological Methods in Accounting and Finance
Journal of International Financial Management &Accounting, EarlyView.ABSTRACT Recent advances in neuroscience have made neurophysiological methods increasingly accessible, creating a timely opportunity to rethink how accounting and financial decisions are studied. Yet accounting and finance research has been slow to exploit its full potential.
Gaia Bassani, Silvio Vismara
wiley +1 more source
Resilience Dividends and Resilience Windfalls: Narratives That Tie Disaster Resilience Co-Benefits to Long-Term Sustainability. [PDF]
Sustainability, 2021 Helgeson J, O'Fallon C.
europepmc +1 more source
Stock Returns and Equity Premium Evidence Using Dividend Price Ratios and Dividend Yields in Malaysia [PDF]
The empirical findings of Goyal and Welch (2003) and Cochrane (2006) suggested that dividend yields and dividend ratios are robust predictors of annual stock returns and annual equity premia. However, Goyal and Welch (2003) asserted that many researchers
David E Allen, Imbarine Bujang
core
Expected Returns and Expected Dividend Growth [PDF]
, 2004 We investigate a consumption-based present value relation that is a function of future dividend growth. Using data on aggregate consumption and measures of the dividend payments from aggregate wealth, we show that changing forecasts of dividend growth ...
Ludvigson, Sydney C. +3 more
core +2 more sources
Policy Biases in a Model with Labor‐Market Frictions
Journal of Money, Credit and Banking, EarlyView.Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley +1 more source