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
Predicting cash holdings using supervised machine learning algorithms. [PDF]
Financ Innov, 2022 Özlem Ş, Tan OF.
europepmc +1 more source
Pan‐Europe Revisited: Inter‐War Debates and the EU's Pursuit of Geopolitical Power
JCMS: Journal of Common Market Studies, EarlyView.ABSTRACT The European Union's (EU) transformation from a peace project to an assertive geopolitical actor reflects enduring tensions in integration theory dating back to the inter‐war period. This paper develops a comparative framework distinguishing territorial integration logic, which emphasises bounded political communities and collective defence ...
Kamil Zwolski
wiley +1 more source
Import competition and stock price crash risk
Journal of Financial Research, EarlyView.Abstract We investigate how globalization‐induced import competition affects stock price crash risk. Import competition increases price pressure and reduces profit margins, prompting managers to withhold negative information, resulting in higher crash risk. Based on a sample of US manufacturing firms from 1974 to 2019, we find that firms whose products
Mansoor Afzali +2 more
wiley +1 more source
Does Chinese-style margin trading promote the high-quality development of listed companies? [PDF]
PLoS One, 2023 Tang J, Wu Y, Ye Y.
europepmc +1 more source
CEO‐employee pay ratio disclosure and dividend policy
Journal of Financial Research, EarlyView.Abstract We examine whether and how the magnitude of the CEO pay ratio affects dividend policy in the context of inequality‐averse investors. Our results demonstrate a positive association between the two and remain robust to endogeneity concerns. We find that the CEO pay ratios positively affect dividends irrespective of whether CEO compensation ...
Rajib Chowdhury, John A. Doukas
wiley +1 more source
How do the carbon emission trading prices affect the financing decision of the supply chain considering carbon neutrality? [PDF]
Environ Sci Pollut Res Int, 2023 Deng L, Cao C, Dai J.
europepmc +1 more source
Optimizing the expected utility of dividend payments for a Cramér–Lundberg risk process [PDF]
Applicationes Mathematicae, 2017 Zbigniew Palmowski, Sebastian Baran
openaire +1 more source
Central Bank Purchases and Corporate Bond Issuance during the Pandemic: The Case of Japan
Journal of Financial Research, EarlyView.Abstract In its massive purchases of corporate bonds during the COVID‐19 pandemic, the Bank of Japan set the maximum eligible remaining maturity at 5 years. I document that during the postpandemic period, Japanese firms increased bond issuance, with the increase concentrated in (1) issuance of bonds with eligible maturities (1–5 years) and (2 ...
Yusuke Tsujimoto
wiley +1 more source
Environmental protection tax and green innovation of heavily polluting enterprises: A quasi-natural experiment based on the implementation of China's environmental protection tax law. [PDF]
PLoS One, 2023 Deng J, Yang J, Liu Z, Tan Q.
europepmc +1 more source