Towards an observational economics of business behaviour: the horizontal supply curve, 'fuzzy' demand and other anomalies for conventional theory [PDF]
This paper proposes the development of an 'observational economics' whose domain would be restricted to what is observable in the real world. Observational economics should be regarded as a separate but complementary undertaking to mainstream economics ...
Ross, Bruce W.
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International Journal of Finance &Economics, EarlyView.ABSTRACT This paper studies herding and anti‐herding behaviour in three European stock markets before and during the Covid‐19 pandemic by employing both static and dynamic analysis. We examine four different questions related to herding behaviour: (i) Did herding behaviour increase during the pandemic? (ii) Does herding behaviour respond differently in
Dimitrios Asteriou +3 more
wiley +1 more source
Overcoming inertia: insights from evolutionary economics into improved energy and climate policy [PDF]
The mainstream view in economics has been a key factor in designing climate policies. Given that the controversy over the “efficiency paradox” has shown that mainstream economics is not neutral in the way it deals with climate change, the purpose of this
Kevin Maréchal, Nathalie Lazaric
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Material ESG Performance and Bid Premium in Merger and Acquisition Deals
International Journal of Finance &Economics, EarlyView.ABSTRACT This study examines the firm‐level and country‐level environmental, social, and governance (ESG) performance on bid premiums in cross‐border mergers and acquisitions (M&A) transactions. We document considerable variations in bid premiums. Higher carbon emissions are associated with higher bid premiums, suggesting that acquirers may perceive ...
Ndubuisi Ezenwa +2 more
wiley +1 more source
Paradoxes versus formalism in economics. Evidence from the early years of game theory and experimental economics [PDF]
This paper argues that the acceptance of two recent methodological advances in economics, namely game theory and laboratory experimentation, was affected by the history dependence constraining the formalization of economics.
Alessandro Innocenti
core
Bounded Sociality: Behavioural Economists' Truncated Understanding of the Social and Its Implications for Politics [PDF]
, 2019 Behavioural economics provides a more realistic model of man than neoclassical economics. But "behavioural economic man" likewise has his shortcomings. An important aspect is the neglect of social contingency.
Frerichs, Sabine
core
ESG Performance and Credit Risk: Evidence From Chinese Manufacturing Companies
International Journal of Finance &Economics, EarlyView.ABSTRACT This study investigates the effect of corporate environmental, social, and governance (ESG) performance on credit risk using a sample of manufacturing firms listed on China's Shanghai and Shenzhen A‐share markets from 2009 to 2021. Employing fixed effects, the generalised method of moments, and instrumental variable models, we find that ...
Yanan Wang +4 more
wiley +1 more source
Identity Problems (An Interview with John B. Davis) [PDF]
, 2012 In this interview, Professor Davis discusses the evolution of his career and research interests as a philosopher-economist and gives his perspective on a number of important issues in the field.
Davis, John B., Wells, Thomas
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Irrigation and Drainage, EarlyView.ABSTRACT Agricultural water management (AWM) is increasingly transitioning towards transformative thinking, where interconnected sectors, including water, energy and food, are managed holistically. Trends point towards cross‐sectoral and harmonised strategies to optimise water use efficiency and productivity, integrate renewable energy, promote ...
Luxon Nhamo +5 more
wiley +1 more source
Understanding and forecasting the credit cycle - why the mainstream paradigm in economics and finance collapsed [PDF]
, 2009 Richard A. Werner
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