Long‐Term Institutional Investors and Executive Compensation
Financial Review, EarlyView.ABSTRACT Standard agency theory views would suggest that long‐term investors will use long‐term CEO compensation to align incentives and promote long‐term value maximization. An alternative view is that long‐term investors—who are more able to bear the fixed costs associated with monitoring—will monitor more heavily than short‐term investors, reducing ...
T. Colin Campbell +2 more
wiley +1 more source
Levels of voluntary disclosure in IPO prospectuses : an empirical analysis [PDF]
This paper focuses on how forecasts information is disclosed in IPO prospectuses. In France, managers report either detailed forecasts or only a brief summary.
Jeanjean, Thomas, Cazavan-Jeny, Anne
core
Market Uncertainty, Investor Sentiment, and the Beta Premium
Financial Review, EarlyView.ABSTRACT This paper provides new insights into how time‐variation in the beta premium is related to popular measures of market uncertainty and sentiment; specifically, the CBOE's VIX and the sentiment index of Baker‐Wurgler (2006). We show that the beta premium: (1) increases nonlinearly with uncertainty, rising significantly only when VIX exceeds a ...
Naresh Bansal, Chris Stivers
wiley +1 more source
Do Political Connections Seek Green Rent? Only When Safe
Financial Review, EarlyView.ABSTRACT This study examines how and under what conditions political connections shape firms’ responses to environmental policies. Exploiting the staggered rollout of China's Low‐Carbon City Pilot (LCCP) policy, we find that firms connected to higher‐level governments engage in greater rent‐seeking under this weakly enforced policy.
Tianxi Wang, Ruoran Zhao
wiley +1 more source
Histopathology, EarlyView.Ovarian immature teratoma grading may be confounded by mature neuroectodermal mimics. SOX2 labelled immature neuroepithelium but also mature ependymal and glial tissue, while SALL4 was negative in mature mimics and variably expressed in immature neuroepithelium.
Agnese Orsatti +14 more
wiley +1 more source
Lost in the Noise: How IPO Suspensions Distract Venture Capitalists From Monitoring Portfolio Firms
Journal of Business Finance &Accounting, EarlyView.ABSTRACT We examine how regulatory suspensions of initial public offerings (IPOs) affect venture capitalists’ (VCs’) post‐IPO monitoring of portfolio firms in China. Using a difference‐in‐differences design that exploits three major IPO suspension episodes as quasi‐natural experiments, we provide causal evidence that these shocks divert VCs’ attention ...
Ao Li +3 more
wiley +1 more source
Technical diving accidents in France: a 15-year retrospective study reporting a high prevalence of musculoskeletal decompression sickness. [PDF]
Diving Hyperb MedGouin E +7 more
europepmc +1 more source
Illuminating OTC markets: The impact of public disclosures on trading dynamics
Journal of Financial Research, EarlyView.Abstract In this article, we examine market reactions to US Securities and Exchange Commission (SEC) disclosures in the US over‐the‐counter (OTC) equity market, where public information is often scarce. We find that OTC securities exhibit stronger and more persistent responses to disclosures than exchange‐traded securities, highlighting investors ...
Travis Box, Ryan Davis
wiley +1 more source
Chronotype-based radiotherapy in localised prostate cancer: protocol for a prospective cohort integrating MCTQ and salivary DLMO. [PDF]
Clin Transl Radiat OncolOliveira-Sousa R +9 more
europepmc +1 more source
Strategic adjustment of capital structure: Evidence from firms newly added to the S&P 500 index
Journal of Financial Research, EarlyView.Abstract We examine the capital structure of firms that are newly added to the S&P 500 index. The leverage ratio gradually decreases during the two‐year pre‐addition period and then increases during the two‐year post‐addition period, resulting in a U‐shaped trend.
Eunpyo Hong, Min Hwang, Jiyoon Lee
wiley +1 more source