Results 141 to 150 of about 1,537,669 (180)

Heterogeneous Markups Cyclicality and Monetary Policy

International Economic Review, EarlyView.
ABSTRACT This paper studies aggregate markup cyclicality through firm‐level heterogeneity, reallocation, and aggregation. Using the U.S. firm data for 1990–2016, we find that markups are procyclical for young firms and countercyclical for older firms following monetary policy shocks. Economic activity also reallocates modestly toward young firms.
Andrea Chiavari, Marta Morazzoni, Danila Smirnov   +2 more
wiley   +1 more source

The power of a stewardship mind: Reorienting organizations around the duty to care to better address grand challenges

International Journal of Management Reviews, EarlyView.
Abstract The present article presents an integrative review related to stewardship in all the business and management disciplines, from its initial development in 1980 to the present. Specifically, we applied a latent Dirichlet allocation‐based topic modelling analysis to almost 1200 articles, seeking to creatively synthesize the concept of stewardship
Debora Casoli, Marco Visentin, Annamaria Tuan, Giuseppe Cappiello   +3 more
wiley   +1 more source

Specification Tests for Jump‐Diffusion Models Based on the Characteristic Function

International Statistical Review, EarlyView.
Summary Goodness‐of‐fit tests are suggested for several popular jump‐diffusion processes. The suggested test statistics utilise the marginal characteristic function of the model and its L2‐type discrepancy from an empirical counterpart. Model parameters are estimated either by minimising the aforementioned L2‐type discrepancy or by maximum likelihood ...
Gerrit Lodewicus Grobler, Denis Belomestny, Simos George Meintanis, Emanuele Taufer   +3 more
wiley   +1 more source

Sharing the Burden: The Impacts of Pharmacy Sector Reforms on the Labor Market for Pharmacists in Portugal

Industrial Relations: A Journal of Economy and Society, EarlyView.
ABSTRACT During the 2010 crisis, the Portuguese government enacted several reforms to its prescription drug reimbursement system. As a result, value added per pharmacist in pharmacies fell by a third. We use longitudinal records from Quadros de Pessoal (QP), merged with collective bargaining data and firm financial records, to study the impacts of the ...
David Card, Ana Rute Cardoso, Pedro Luis Silva   +2 more
wiley   +1 more source

Personally meaningful life events from adolescence to young adulthood: a longitudinal natural language processing analysis

Journal of Child Psychology and Psychiatry, EarlyView.
Background Large‐scale population‐based studies of risk and protective factors for youth mental health rarely assess youths' first‐hand experiences in their own words. This longitudinal study analyzed young people's self‐reported most important life events and examined how the key topics changed from midadolescence to young adulthood and are associated
David Bürgin, Christina Haag, Lynn Alison Büeler, Laura Bechtiger, Clarissa Janousch, Elena Feldmann, Denis Ribeaud, Manuel Eisner, Viktor von Wyl, Lilly Shanahan   +9 more
wiley   +1 more source

Treating parents with ADHD and their children (TPAC): a hybrid effectiveness‐implementation, randomized controlled trial

Journal of Child Psychology and Psychiatry, EarlyView.
Background Attention‐Deficit/Hyperactivity Disorder (ADHD) is highly heritable; thus, parents and children frequently experience ADHD‐related impairments. Parent ADHD is associated with poorer developmental and treatment outcomes for children with ADHD, in part due to executive functioning and emotion regulation difficulties that interfere with ...
Andrea Chronis‐Tuscano, Nadia Bounoua, Christina M. Danko, Daniel Almirall, Joyce H.L. Lui, Donna Marschall, Daria Taubin, Hong N.T. Bui, Nicholas P. Marsh, Lisa Efron, Julia Dorfman, Nicole E. Lorenzo, Melissa Dvorsky, Ian M. Bennett, Shireen M. Atabaki, Adelaide S. Robb   +15 more
wiley   +1 more source

Demand Shocks, Export Diversification, and Firm Performance During the Great Trade Collapse

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT This paper analyzes the impact of external demand shocks from the 2008 to 2009 Great Trade Collapse on the performance of Chinese exporters and examines how export diversification mitigates these effects. Using Chinese Customs data merged with financial data from all listed Chinese firms, we construct firm‐specific demand shocks based on pre ...
Qianlin Hong, Zeyang Jin, Runjuan Liu, Jiadong Tong   +3 more
wiley   +1 more source

Social media, high‐frequency trading, and market making after‐hours – Evidence from presidential tweets

Journal of Financial Research, EarlyView.
Abstract I analyze differences between the core and extended trading sessions in the high‐frequency reaction of equity markets to potential news. Using presidential tweets as unanticipated, potentially market‐stirring events, I find that volatility increases and liquidity deteriorates within fractions of a second after a tweet.
Stefan Scharnowski
wiley   +1 more source

The expected inflation risk premium in the U.S. stock market

Journal of Financial Research, EarlyView.
Abstract This article studies how expected inflation risk affects asset prices. We propose an ex‐ante, tradable proxy for this risk, derived from the term spread of gold futures prices. Using cross‐sectional and time series asset pricing tests, we show how an increase in expected inflation risk lowers contemporaneous prices and raises equity returns ...
Pascal Letourneau, Gabriel J. Power, Garrett C. C. Smith   +2 more
wiley   +1 more source

Financial Fragility and the Fiscal Multiplier

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK, SWEDER VAN WIJNBERGEN   +1 more
wiley   +1 more source