Results 201 to 210 of about 167,357 (305)

The Effect of Managers' Mix of Real and Accrual‐Based Earnings Management on Future Performance

open access: yesJournal of Business Finance &Accounting, EarlyView.
ABSTRACT Prior research finds that firms use both accrual‐based earnings management (AEM) and real earnings management (REM) to manage financial reporting outcomes and that each practice influences firm performance. We extend this research by examining how managers’ choices regarding the mix of AEM and REM relate to future performance.
Bowe Hansen, E. Scott Johnson, Lijun Lei
wiley   +1 more source

Do carbon prices affect stock prices?

open access: yesJournal of Financial Research, EarlyView.
Abstract We explore how carbon pricing affects corporate financial performance during Phase 3 of the European Union Emissions Trading Scheme (EU ETS). We find that the relationship between carbon prices and stock prices depends critically on the proportion of verified emissions covered by freely allocated ETS allowances: For firms with a greater ...
Patrick Bolton   +2 more
wiley   +1 more source

Market‐Triggered Contingent Capital with Incomplete Information

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We analyze the equilibria of market‐triggered contingent capital if a bank's asset value is not common knowledge. Using a global game setup with private signals, we characterize the unique equilibrium for the conversion of the market‐triggered contingent capital.
TOBIAS BERG, EVA SCHLIEPHAKE
wiley   +1 more source

Generalizing Determinacy under Monetary and Fiscal Policy Switches: The Case of the Zero Lower Bound

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract In a fixed‐regime context, it has been established since the work of Leeper (1991) that a determinate and unique equilibrium can be achieved under both monetary dominance (characterized by an active monetary policy and a passive fiscal policy) and fiscal dominance (characterized by an active fiscal policy and a passive monetary policy) regimes
SEONGHOON CHO, ANTONIO MORENO
wiley   +1 more source

Home - About - Disclaimer - Privacy