Results 221 to 230 of about 12,543 (285)

Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We study the role of asset revaluation in the monetary transmission mechanism. We build an analytical heterogeneous‐agents model with two main ingredients: (i) rare disasters and (ii) heterogeneous beliefs. The model captures time‐varying risk premia and precautionary savings in a setting that nests the textbook New Keynesian model.
NICOLAS CARAMP, DEJANIR H. SILVA
wiley   +1 more source

Industry Exposure to Artificial Intelligence, Board Network Heterogeneity, and Firm Idiosyncratic Risk

open access: yesJournal of Management Studies, EarlyView.
Abstract Despite the growing impact of artificial intelligence (AI) in business, there is little research examining its effects on firm idiosyncratic risk (IR). This is an important issue for boards: as key conduits of firm–environment information flows via board interlock networks, traditional risk oversight functions are being increasingly augmented ...
Kerry Hudson, Robert E. Morgan
wiley   +1 more source

The Mixed Gamble of Competitive Dynamics in Family‐Controlled Firms

open access: yesJournal of Management Studies, EarlyView.
Abstract We extend the mixed gamble perspective to explain how family‐controlled firms frame and evaluate the difficult trade‐off between potential gains and losses in financial wealth (FW) and socioemotional wealth (SEW) when pursuing portfolio‐level strategic initiatives, as captured by competitive aggressiveness and complexity.
Jaeyoung Cho   +2 more
wiley   +1 more source

Skill and Strategy: How Managerial Ability Drives Working Capital Efficiency. [PDF]

open access: yesF1000Res
Roy P   +5 more
europepmc   +1 more source

Examining the Effect of a Firm’s AI Specialization on the Technology Firms it Acquires: A Real Options Perspective

open access: yesJournal of Management Studies, EarlyView.
Abstract The digital revolution is transforming global business practices. As organizations increasingly embed artificial intelligence (AI) within their operations, they face unprecedented uncertainty regarding future technological trajectories and competitive landscapes.
Chi Hon Li   +3 more
wiley   +1 more source

Inertia or Adaptability? The Effects of Outside Director Incumbency Capital on Incumbent Firms' Adoption of Discontinuous Technologies

open access: yesJournal of Product Innovation Management, EarlyView.
ABSTRACT We fuse research on incumbents' adaptation to discontinuous technologies with board capital theory to investigate how heterogeneity in incumbent firms' adoption of discontinuous technologies may be affected by what we label as outside director incumbency capital—the specific subset of social capital and human capital that outside directors ...
Simon Hensellek   +4 more
wiley   +1 more source

Intangibles and Industry Concentration: A Cross‐Country Analysis

open access: yesOxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT This paper presents new evidence on the growing scale of large businesses in the United States, Japan and 11 European countries. It documents a broad increase in industry concentration across the majority of countries and sectors over the period 2002–2017.
Matej Bajgar   +2 more
wiley   +1 more source

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