Results 231 to 240 of about 140,956 (306)

Financial Statement Readability and Firm Debt Choice

open access: yesFinancial Management, EarlyView.
ABSTRACT Examining more than 16,000 firm‐year observations in the United States, we provide novel evidence showing that higher financial statement readability leads to a decrease in information asymmetry and the need for external monitoring, thereby reducing the reliance on bank debt relative to public debt.
Wajih Abbassi   +3 more
wiley   +1 more source

Speed Bump and Stock Market Quality: Evidence From NYSE American

open access: yesFinancial Management, EarlyView.
ABSTRACT Should trading speed of high‐frequency traders be regulated? Using the data from the New York Stock Exchange American, this paper examines the impact of a speed bump on market liquidity and price discovery. Our results indicate that the use of a speed bump can lower the costs of adverse selection through reducing informed trading.
Bo Liu, Ke Xu
wiley   +1 more source

Testing for Contagion in International Financial Markets: To See More, Go Higher

open access: yesFinancial Review, EarlyView.
ABSTRACT Traditional measures of financial contagion rely on correlation shifts, overlooking higher moments such as skewness and kurtosis. We examine contagion during two major financial crises, incorporating lower‐ and higher‐moment measures. We analyze stock market returns from 22 major markets at different frequencies, offering a global perspective ...
Simeon Coleman, Vitor Leone
wiley   +1 more source

Exposure to Left‐Tail Risk, Risk Appetite, and Mutual Fund Flows

open access: yesFinancial Review, EarlyView.
ABSTRACT Using a measure of aggregate tail risk, we show that a fund's sensitivity (exposure) to tail risk negatively affects the fund flows and the fund's performance. Further, a fund's tail risk sensitivity relates positively to the left‐tail risk measures of the fund.
Ali K. Malik
wiley   +1 more source

Effects of the Invasive Round Goby on Swedish Recreational Fishing Values

open access: yesFisheries Management and Ecology, EarlyView.
ABSTRACT The round goby, an invasive fish from the Black and Caspian Seas, has spread to Swedish waters, threatening recreational fisheries. We modeled impacts on the future recreational fishery in Sweden using data from a recreational fishing survey, and estimated effects of the round goby on other fish species. Values attached to recreational fishing
Göran Bostedt   +3 more
wiley   +1 more source

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