Results 121 to 130 of about 91,095 (288)

A Case Study in the Superiority of the Purposive Approach to Statutory Interpretation: \u3cem\u3e Bruesewitz v. Wyeth \u3c/em\u3e [PDF]

open access: yes, 2012
This Article uses the Supreme Court’s 2011 decision in Bruesewitz v. Wyeth to examine the textualist or “plain meaning” approach to statutory interpretation.
Gifford, Donald G.   +2 more
core   +1 more source

Unpacking the relationship between co‐creation and brand equity: A multi‐study approach

open access: yesEuropean Management Review, EarlyView.
Abstract Whilst some studies have shown that co‐creation positively influences brand equity, others have found only marginal or even negative effects, and several failure cases of co‐creation have been reported. To overcome the confusion generated by mixed findings, this paper unpacks the relationship between co‐creation and brand equity, considering ...
Stefan Markovic   +4 more
wiley   +1 more source

Do Politically Connected Board Members Influence Firms' Debt Choices? Public Debt Versus Bank Debt

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT Using a unique hand‐collected data set on the political connections of board members of S&P 1500 companies, we find that board members with stronger government ties are positively associated with firms' preference for public debt over bank debt.
Mustapha Douch   +2 more
wiley   +1 more source

The Impact of Climate Risks on Corporate Debt Financing

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT As global resource demands and climate pressures grow, companies face the dual challenge of sustainability and environmental responsibility. Using panel data from U.S. publicly listed firms (2014–2022) and a text‐based proxy for climate risks, this study explores the impact of just transition climate risks on corporate debt financing.
Xiaowei Ma   +3 more
wiley   +1 more source

Implicit Promises and the Timing of Defined‐Benefit Pension Plan Freezes

open access: yesFinancial Management, EarlyView.
ABSTRACT Firms time defined‐benefit (DB) plan freezes after CEO turnovers to protect CEO retirement benefits from cost cuts affecting the wider workforce. We document a significant increase in voluntary CEO turnovers just before the freeze, without notable post‐freeze changes.
Zacharias Petrou, Adamos Vlittis
wiley   +1 more source

The Spillover Effect of Media Ownership on Mainstream Media Discourse

open access: yesFinancial Management, EarlyView.
ABSTRACT This article investigates the spillover effect of a firm's media ownership on reporting by unaffiliated mainstream media outlets, using a sample of Chinese publicly listed firms. We find that firms with ownership stakes in media companies receive more coverage and more positive tones from unaffiliated mainstream media outlets than other firms ...
Xin Yu, Shijun Guo, Robert Faff
wiley   +1 more source

A Theory of the Boundaries of Banks With Implications for Financial Integration and Regulation

open access: yesFinancial Management, EarlyView.
ABSTRACT We offer a theory of the “boundary of the firm” that is tailored to banks, recognizing the relevance of deposit financing and interbank lending as a substitute for integration. It is based on a single inefficiency that has been at the core of banking theory: risk‐shifting incentives in the interest of bank shareholders.
Falko Fecht   +2 more
wiley   +1 more source

Mergers and Acquisitions as Navigators of Climate Policy Shocks: Evidence from the NOx Budget Trading Program

open access: yesFinancial Management, EarlyView.
ABSTRACT We examine how mergers and acquisitions (M&As) enable firms to adapt to climate policy shocks. Exploiting the adoption of the Nitrogen Oxides (NOx) Budget Trading Program (NBP) across US states as an exogenous shock, we find that firms with NOx‐emitting plants subject to the NBP are more likely to engage in M&As, particularly through vertical ...
Samer Adra   +3 more
wiley   +1 more source

Idiosyncratic Political Risk and Bad News Hoarding

open access: yesFinancial Review, EarlyView.
ABSTRACT Managers may respond to greater political risk by suppressing unfavorable news from outsiders to manage investors’ perceptions about firm risk and protect their careers. However, they may also avoid engaging in bad news hoarding activities because exposure to political risk increases firm visibility and attracts greater scrutiny. Using a novel
Gonul Colak   +2 more
wiley   +1 more source

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