Results 151 to 160 of about 24,822 (265)
The COVID-19 pandemic and speculation in energy, precious metals, and agricultural futures. [PDF]
J Behav Exp Finance, 2021 Sifat I, Ghafoor A, Ah Mand A.
europepmc +1 more source
Size, Returns, and Value: Do Private Equity Firms Allocate Capital According to Manager Skill?
The Journal of Finance, EarlyView.ABSTRACT Using a novel data set linking private equity (PE) deals to individual managers, we document evidence of manager skill in terms of generating net present value (NPV), a performance measure that captures both scale and returns. PE firms have strong economic incentives to raise larger funds and execute larger deals.
REINER BRAUN +3 more
wiley +1 more source
COVID-19 and commodity pricing premium: Evidence from the Chinese market. [PDF]
Financ Res Lett, 2023 Zhang L, Hsieh PL, Chen H.
europepmc +1 more source
The Journal of Finance, EarlyView.ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley +1 more source
Liquidity Shortages and Monetary Policy [PDF]
The paper models the interaction between risk taking in the financial sector and central bank policy for the case of pure illiquidity risk. It is shown that, when bad states are highly unlikely, public provision of liquidity may improve the allocation ...
Gerhard Illing, Jin Cao
core
Conditional autoencoder asset pricing models for the Korean stock market. [PDF]
PLoS One, 2023 Kim E, Cho T, Koo B, Kang HG.
europepmc +1 more source
Illiquidity spillover : the cross-market impact of firm level illiquidity
, 2018 [ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] This study is an examination of the cross-market relations of illiquidity at the firm level. In the first part of the study I explore the cross-market pricing implications of the illiquidity of a firm's stocks and bonds.
openaire +2 more sources
The Effect of Advisors' Incentives on Clients' Investments
The Journal of Finance, EarlyView.ABSTRACT We use granular data from an investment firm and a credible identification strategy to estimate the effect of financial advisors' incentives on client investments. Exploiting a natural experiment triggered by the 2018 implementation of Markets in Financial Instruments Directive II (MiFID II), we find that clients' investments respond strongly ...
DIEGO BATTISTON +3 more
wiley +1 more source
Stock market liquidity and the rights offer paradox. [PDF]
This paper contributes to the resolution of the rights offer paradox, using a database of French SEOs. We first document higher direct flotation costs, but also improved stock market liquidity after public offerings and standby rights relative to ...
Ginglinger, Edith +2 more
core +3 more sources
Liquidity in global markets. [PDF]
The latest episode of turbulence has been marked by an extended period of illiquidity in a large number of markets –ranging from traditionally highly liquid interbank money markets to the less-liquid structured credit markets.
Caruana, J., Kodres, L.
core