Results 11 to 20 of about 283 (87)
Motive and Opportunity: Order Choice in a Limit Order Book With Dispersed Information
ABSTRACT We test predictions of market microstructure theory relating to the determinants of order choice in a limit order book where information is dispersed among traders. Using an experimental limit order book, with a large state space, we find that informed traders exhibit patience, compatible with the ‘waiting game’ behaviour described in Foster ...
James Steeley +2 more
wiley +1 more source
Abstract This article offers new perspectives on the relationship between elementary teaching, scientific expertise and the professionalization of the human sciences. Previous scholarship has demonstrated the ready existence of ‘amateur’ science societies in the nineteenth century where cross‐class exchanges were common.
Julia Gustavsson
wiley +1 more source
ABSTRACT The debate on the relationship between labour conditions in manufacturing sectors and global value chain (GVC) participation takes a new turn with the emergence of sub‐Saharan African (SSA) economies as important sourcing destinations. With lower levels of economic development, and significantly lower wages than most other exporting countries,
Luc Fransen +4 more
wiley +1 more source
Financial Statement Information and Equity Value: The Role of Real Options Characteristics
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
The Role of Index Fund Ownership in the Era of Say‐on‐Pay
ABSTRACT We examine whether and how index funds influence executive compensation in the post‐Say‐on‐Pay era. Using the annual reconstitution of the Russell indexes as a source of exogenous variation in index fund ownership, we document a causal effect of index ownership on CEO pay structure.
Kiseo Chung, Hwanki Brian Kim
wiley +1 more source
Intercultural Competence Development Through Tourism: A Study of Czech Visitors to France
ABSTRACT This study examines international travel as a context for informal intercultural learning and the development of intercultural competence, aligning with the broader goals of training and development. Using the Cross‐Cultural Adaptability Inventory (CCAI), this research assesses changes in four dimensions—Emotional Resilience, Flexibility ...
Renata Cuhlova +2 more
wiley +1 more source
Leader‐Follower Dynamics in Shareholder Activism
ABSTRACT We propose a theory of coordination and influence among blockholders. Privately informed activists time their trades in sequence to lower acquisition costs, prompting a strategic use of order flows: leader activists create trading gains for their followers, ultimately influencing their willingness to bear greater value‐enhancing intervention ...
DORUK CETEMEN +3 more
wiley +1 more source
The Limits of Regulatory Capture: Explaining the UK Payment Protection Insurance Mis‐Selling Scandal
ABSTRACT To what extent does regulatory agencies' failure to protect the public from harm result from undue industry influence? We argue that “regulatory capture” is invoked too easily to explain regulatory failure. To re‐examine the relationship between regulatory capture and regulatory failure, we use process‐tracing to study UK regulatory decision ...
Eva Heims
wiley +1 more source
Idiosyncratic Political Risk and Bad News Hoarding
ABSTRACT Managers may respond to greater political risk by suppressing unfavorable news from outsiders to manage investors’ perceptions about firm risk and protect their careers. However, they may also avoid engaging in bad news hoarding activities because exposure to political risk increases firm visibility and attracts greater scrutiny. Using a novel
Gonul Colak +2 more
wiley +1 more source
ABSTRACT This study examines the impact of board composition (BC) on sustainability reporting (SR) in financial firms listed on the Dhaka Stock Exchange (DSE), with a focus on the moderating role of non‐performing loans (NPLs). Using 421 firm‐year observations from 49 firms (2016–2024) and an ordinary least squares (OLS) regression model, the results ...
Sumon Kumar Das, Prome Akter
wiley +1 more source

