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Now showing items 121-130 of 150
Distress Risk, Growth and Earnings Quality
(2011)
We extend and complement prior work by investigating the earnings quality of firms with different financial health characteristics and growth prospects. By using three alternative measures of default likelihood and two ...
Board executive committees, board decisions, and firm value
(2019)
We study board executive committees for which, despite their broad powers, there exists limited empirical evidence. We find empirically robust evidence that firms with executive committees have lower market values. We also ...
Analysts to the rescue?
(2019)
In this study we use the SEC's decision to eliminate the reconciliation requirement for cross-listed companies to examine whether this loss of information prompted financial analysts to provide more informative research ...
Option implied ambiguity and its information content: Evidence from the subprime crisis
(2018)
This paper studies option investors’ tendency to deviate from risk-neutrality around extreme financial events. We incorporate ambiguity into Black–Scholes theory and analyze the lead–lag association between option and stock ...
Market Structure Games: Dynamic Approaches
(2011)
This chapter extends the discussion began in Chapter 3 about dynamic models of oligopoly. It discusses two streams of models dealing with multiplayer decision-making in multistage settings. The chapter is organized as ...