ABSTRACT This paper studies how partisan alignment between city leaders and state governors shapes information processing and bond pricing in the municipal bond market. Using a novel data set on 1,045 U.S. cities from 2005 to 2019, we show that cities with the same political affiliation as the state governor face 9 basis points lower borrowing costs ...
RAMONA DAGOSTINO, ANYA NAKHMURINA
wiley +1 more source
Macroeconomic Effects of Social Security Privatization in a Small Unionized Economy [PDF]
This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady ...
Antonis Adam
core
Endogenesis and empowerment: logic, practical mechanism and sustainable path of rural minor pension institutions -based on the qualitative study of four villages in the Midwest of China. [PDF]
Fan P, Fa R, Wang C.
europepmc +1 more source
Quid Pro Quo? Private Information Flows in Shareholder Activism: Evidence from Mutual Fund Families
ABSTRACT This paper hypothesizes that information flows from target firms to large shareholders during activist campaigns and that these flows have governance consequences. Focusing on actively managed mutual fund families, we find that informed trading by large‐holding fund families increases during activist campaigns relative to smaller‐holding fund ...
EUNJEE KIM, HAI PHAM
wiley +1 more source
Asset allocation versus entrepreneurial decisions in real estate investment [PDF]
(Abstract) Although the application of capital market theory is questionable in real estate investment, many institutional investors still perform asset allocation with historic real estate data.
Armonat, Stefan, Pfnür, Andreas
core
Low social capital at work is associated with increased risk of perceived age discrimination: results from a prospective cohort study. [PDF]
Meng A +4 more
europepmc +1 more source
Incidence, Risk, and Disclosure of Corporate Litigation: Insights from Federal Court Filings
ABSTRACT We assemble and describe a sample of 174,782 lawsuits filed against 218,437 public‐company lawsuit‐defendants in federal district court from 2006 to 2021. These lawsuits involve an array of allegations, including product liability, civil rights discrimination, contract breaches, improper compensation and labor practices, antitrust violations ...
MARY BROOKE BILLINGS +3 more
wiley +1 more source
Pension reform, savings behavior and capital market performance [PDF]
This paper shows that the capital market effects of population aging and pension reform are particularly strong in continental European economies such as France, Germany, and Italy.
Axel Börsch-Supan +2 more
core
Research on the new mechanism and path of delayed retirement affecting the birth rate. [PDF]
Jinmeng Z, Guan G, Guan J.
europepmc +1 more source
Pseudonyms, Propaganda, and Prints: The Life and Political Caricatures of William Dent, 1782–931
Abstract ‘Dent was probably an amateur and nothing is known of his life’, state Bryant and Heneage. Despite contributing to caricature's ‘golden age’, William Dent remains overlooked compared to contemporaries like James Gillray. Dent's extensive portfolio (1782–93) and rumoured role as a Pittite propagandist have not secured his place in the canon of ...
Callum D. Smith
wiley +1 more source

