Results 111 to 120 of about 12,186 (218)
Import competition and stock price crash risk
Journal of Financial Research, EarlyView.Abstract We investigate how globalization‐induced import competition affects stock price crash risk. Import competition increases price pressure and reduces profit margins, prompting managers to withhold negative information, resulting in higher crash risk. Based on a sample of US manufacturing firms from 1974 to 2019, we find that firms whose products
Mansoor Afzali +2 more
wiley +1 more source
Journal of Financial Research, EarlyView.Abstract We examine the effect of the inevitable disclosure doctrine (IDD) on cost of debt. Our difference‐in‐differences analyses reveal that the IDD significantly reduces the loan spread for borrowers in adopting states. To elucidate the mechanisms of such finding, we find that the IDD's effect is weaker in industries with high management turnover ...
Haiyan Jiang +2 more
wiley +1 more source
Challenges in Sheltering Seized Animals from Hoarders from a One Welfare Perspective. [PDF]
Animals (Basel), 2023 Fossati P.
europepmc +1 more source
On Keynes’s criticism of the Loanable Funds Theory [PDF]
Contemporary monetary theory, by accepting the theses of the Loanable funds theory, distances itself from Keynes, who considered the rate of interest as an exclusively monetary phenomenon, and overlooks the arguments Keynes used, following publication of
Giancarlo Bertocco
core
Liquidity Crises and the Market‐Maker of Last Resort
Journal of Money, Credit and Banking, EarlyView.Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
Banking with Inside Money: An Efficiency Analysis
Journal of Money, Credit and Banking, EarlyView.Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO +1 more
wiley +1 more source
The Political Economy of Attention: Media Salience, Voter Cognition, and Electoral Accountability
Journal of Economic Surveys, EarlyView.ABSTRACT We review conceptual and empirical contributions to the political economy of attention, with a focus on how attention allocation shapes political behavior and electoral accountability. The review distinguishes between endogenous (goal‐directed) and exogenous (stimulus‐driven) attention and examines how these concepts are incorporated into ...
Patrick Balles +2 more
wiley +1 more source
From Helping to Hoarding to Hurting: When the Acts of Good Samaritans Become Felony Animal Cruelty [PDF]
, 2011 Avery, Lisa
core +2 more sources
A Comprehensive Revisit to the Safe‐Haven Assets Literature
Journal of Economic Surveys, EarlyView.ABSTRACT A large number of studies examine the safe‐haven characteristics of different asset classes. However, this paper addresses a lack of systematic literature reviews and bibliometric analyses with a sound theoretical viewpoint the safe‐haven assets literature by focusing on 1305 studies published in top‐tier journals during 2013–2026 from the ...
Javed Bin Kamal +3 more
wiley +1 more source