Results 151 to 160 of about 1,558 (216)

The Debt‐Equity Spread

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We propose a measure of the valuation gap between debt and equity—debt‐equity spread (DES)—based on the difference between actual and equity‐implied credit spreads. DES predicts cross‐sectional stock and bond returns in opposite directions.
HUI CHEN, ZHIYAO CHEN, JUN LI
wiley   +1 more source

Lurking Patent Claims and Strategic Royalty Contracts

open access: yesThe Journal of Industrial Economics, EarlyView.
ABSTRACT This paper analyzes optimal licensing contracts when a licensee faces the risk of future infringement claims by unknown patent holders. In a setting where a noncompeting licensor contracts with a monopolistic manufacturer, fixed‐fee licensing is optimal absent such claims.
Jay Pil Choi
wiley   +1 more source

Parenthood and CEO Responses to Media Criticism on Pay

open access: yesJournal of Management Studies, EarlyView.
Abstract Research on media coverage of controversial corporate practices typically suggests firms respond instrumentally to mitigate stakeholder reactions. However, we argue that CEOs' moral concerns can sometimes override strategic considerations, because media criticism may expose them to scrutiny from personally valued audiences – for instance ...
Steffen Brenner, Georg Wernicke
wiley   +1 more source

Property Rights Theory, Justice, and Reciprocity

open access: yesJournal of Management Studies, EarlyView.
Abstract What really happens when situations arise that were not anticipated in contracts? The phenomenon of quiet quitting is an example of behaviour that is legally within the bounds of the contract governing a relationship while also generating variance in performance.
Douglas A. Bosse, Robert A. Phillips
wiley   +1 more source

Hidden in Plain Sight: Conceptualizing Platform Auxiliaries and Their Conflicting Impacts on Platforms' Value Architecture

open access: yesJournal of Management Studies, EarlyView.
Abstract This paper introduces the concept of platform auxiliaries to identify a set of actors that provide independent resources explicitly designed to support complementors in their value creation and capture activities. Platform auxiliaries capitalize on unmet needs of complementors within platforms, offering services such as third‐party software ...
Donato Cutolo   +2 more
wiley   +1 more source

Welfare consequences of the compound risks of index insurance

open access: yesJournal of Risk and Insurance, EarlyView.
Abstract Index insurance is an attractive variant on the standard insurance contract that allows the determination of a loss event to be defined by one or more thresholds on an index that is positively correlated with actual losses. Index insurance also comes with a compound risk, basis risk.
Glenn Harrison   +4 more
wiley   +1 more source

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