Results 31 to 40 of about 317 (132)
Accounting &Finance, EarlyView.ABSTRACT This study examines the negative effect of earnings pressure (EP) on corporate environmental, social, and governance (ESG) performance and explores governance mechanisms that can address this problem. Drawing on behavioural agency theory and incorporating insights from resource allocation theory and agency theory, this paper identifies the key
Sha Tang +2 more
wiley +1 more source
Labor Market Monopsony Power and the Dynamic Gains to Openness Reforms
International Economic Review, EarlyView.ABSTRACT We embed labor market monopsony into a dynamic heterogeneous‐firm general equilibrium model with exporting, horizontal FDI, and rich firm lifecycle dynamics. Rising marginal costs with monopsony slow and limit incumbent firm growth in response to liberalization, shifting adjustment to the extensive margin.
Priyaranjan Jha +2 more
wiley +1 more source
Do Professional Traders Exhibit Myopic Loss Aversion? An Experimental Analysis [PDF]
The Journal of Finance, 2005 ABSTRACTTwo behavioral concepts, loss aversion and mental accounting, have been combined to provide a theoretical explanation of the equity premium puzzle. Recent experimental evidence supports the theory, as students' behavior has been found to be consistent with myopic loss aversion (MLA).
Haigh, Michael S., List, John A.
openaire +2 more sources
Dynamic capital allocation in general insurance
Journal of Risk and Insurance, EarlyView.Abstract This paper provides a model for allocating capital to different insurance lines with varying development periods for a value‐maximizing insurance company. In our model, the company makes capitalization and exposure decisions considering its capital level and its relevant loss history.
Qiheng Guo +2 more
wiley +1 more source
Takeover Vulnerability and the Discipline of ESG Overinvestment
Business Strategy and the Environment, Volume 35, Issue 6, Page 9048-9081, September 2026.ABSTRACT While takeovers serve a disciplinary role by replacing inefficient managers, the threat of takeovers may compel firms to divert attention from Environmental, Social and Governance (ESG) efforts as a strategic response to external pressure, especially when such firms are already overinvesting in ESG.
Abongeh Tunyi +2 more
wiley +1 more source
Different Frontier, Same Legal Script? On the Course of Replicating Earth's Patterns in Space
The Modern Law Review, Volume 89, Issue 5, Page 723-759, September 2026.As states and private actors expand their activities in outer space, the international legal framework governing this domain risks extending longstanding structures of global inequality beyond Earth. This article examines how international space law, shaped by a broader disciplinary pattern of reactive legal development, is poised to reproduce ...
Sivan Shlomo‐Agon, Michal Saliternik
wiley +1 more source
Aggregation and the Structure of Value
Noûs, Volume 60, Issue 3, Page 619-644, September 2026.ABSTRACT Roughly, the view I call “Additivism” sums up value across time and people. Given some standard assumptions, I show that Additivism follows from two principles. The first says that how lives align in time cannot, in itself, matter. The second says, roughly, that a world cannot be better unless it is better within some period or another.
Weng Kin San
wiley +1 more source
Learning with a Warmer World: Climate Change Education for Forms of Life*
Educational Theory, Volume 76, Issue 4, Page 448-466, August 2026.Abstract Climate change poses a threat to young people's capacity to flourish both now and in the future. In response, Aristotelian Climate Change Education (CCE) aims to cultivate radicalized climate virtues in students and give them structured opportunities to contemplate Socrates's question—“How should one live?”—amidst conditions of unprecedented ...
Melissa Diamond, Tomas Rocha
wiley +1 more source
The importance of considering regimes in long‐term asset allocation to real estate
Real Estate Economics, Volume 54, Issue 4, Page 1032-1079, July 2026.Abstract We investigate the long‐term, regime‐dependent asset allocation of an investor's wealth in a mixed‐asset portfolio that includes publicly traded real estate. We show that augmenting standard VAR models with Markov‐switching features not only improves predictive power for asset returns but also introduces economically meaningful horizon effects
Massimo Guidolin +2 more
wiley +1 more source
Theoretical Economics, Volume 21, Issue 3, Page 716-740, July 2026.Nonpartisan voters can become polarized not because of ideology but because it is optimal for them to remain uninformed and cancel out the votes of uninformed voters on “the other side.” Indeed, when stuck in such a state of polarization, it is socially optimal to do so.
Jeffrey C. Ely
wiley +1 more source