Results 231 to 240 of about 88,359 (287)

When attentive insider trading matters: Evidence from government investment

open access: yesJournal of Financial Research, EarlyView.
Abstract We examine whether insiders can exploit public information to increase their trading profitability. By exploiting, as a quasi‐natural experiment, the Bipartisan Infrastructure Law (BIL), announced in the U.S. in March 2021 and implemented in November 2021, we provide evidence that insiders earn higher profits when government investment plans ...
Dimitris Petmezas   +3 more
wiley   +1 more source

Social media, high‐frequency trading, and market making after‐hours – Evidence from presidential tweets

open access: yesJournal of Financial Research, EarlyView.
Abstract I analyze differences between the core and extended trading sessions in the high‐frequency reaction of equity markets to potential news. Using presidential tweets as unanticipated, potentially market‐stirring events, I find that volatility increases and liquidity deteriorates within fractions of a second after a tweet.
Stefan Scharnowski
wiley   +1 more source

ESG, Bank Debt and Firm Value: A Signaling Perspective

open access: yesJournal of International Financial Management &Accounting, EarlyView.
ABSTRACT This paper delves into the influence of bank debt in shaping the relationship between environmental, social, and governance (ESG) performance and a firm's value. As a result of the superior informational and monitoring functions of bank borrowers in their lending relationships, we argue that a firm's degree of bank debt might signal the ...
Gabriel De la Fuente, Pilar Velasco
wiley   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

open access: yesJournal 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

Primary health care policy advocacy in Europe: A cross-sectional study of family medicine associations. [PDF]

open access: yesEur J Gen Pract
Gómez-Bravo R   +16 more
europepmc   +1 more source

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