Results 191 to 200 of about 248,527 (332)
The Mussa Theorem (and Other Results on IMF-Induced Moral Hazard) [PDF]
Using a simple model of international lending, we show that as long as the IMF lends at an actuarially fair interest rate and debtor governments maximize the welfare of their taxpayers, any changes in policy effort, capital flows, or borrowing costs in ...
Jeromin Zettelmeyer, Olivier Jeanne
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When TCFD Meets TNFD: Can It Revolutionize Corporate Sustainable Risk Management?
Business Strategy and the Environment, EarlyView.ABSTRACT Amid escalating environmental risks, this study explores the novel integration of the Task Force on Climate‐related Financial Disclosures (TCFD) and the Taskforce on Nature‐related Financial Disclosures (TNFD) as a transformative approach to corporate sustainable risk management.
Xiaoyu Liu +3 more
wiley +1 more source
Moral hazard in fossil-energy-reliant markets delays early adoption of net-zero technologies. [PDF]
iScienceDe Weerdt L.
europepmc +1 more source
Health insurance and health care utilization: Theory and evidence from Australia 1989-90, CHERE Discussion Paper No 44 [PDF]
The Australian hospital system is characterised by the co-existence of private hospitals, where individuals pay for services and public hospitals, where services are free to all but delivered after a waiting time.
Elizabeth Savage
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Reputational Risk: An Investigation Into How Environmental Failures Drive Stock Price Crashes
Business Strategy and the Environment, EarlyView.ABSTRACT The study examines the relationship between stock price crashes and firm environment reputational risk. Using a large sample of US listed firms, covering a time span from 2007 to 2021, we test the effect of environmental reputation risk on three measures for the stock price crash risk (NEGCSK, DRUV, and CRASH).
Man Dang +4 more
wiley +1 more source
Moral hazard, bank runs and contagion [PDF]
We study banking with ex ante moral hazard. Resolving the misalignment of the incentives between banks and depositors requires early liquidation with positive probability : efficient risk-sharing between depositors is no longer implementable. In a closed
Chatterji, Shurojit, Ghosal, Sayantan
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Investor Perception of ESG in Earnings Calls
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines how the communicator's role and the framing of ESG statements affect investor capital allocation in the context of earnings calls. Based on a virtual asset market experiment, the analysis identifies that the assurance and reinforcement of ESG messages have a positive effect of up to 8% on capital allocation, with especially
Felix Bachner
wiley +1 more source
Experience of Crisis-Hit Asian Countries: Do Asset Management Companies Increase Moral Hazard? [PDF]
This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that the AMCs vary significantly in their design and performances.
Pasadilla, Gloria +1 more
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