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Now showing items 1-10 of 18
National culture and bank risk-taking
(2019)
We investigate the relation between national cultural values and bank risk. Despite the rigid transnational regulatory oversight of systemic European banks, we find evidence of an economically significant association between ...
An empirical analysis of changes in the relative timeliness of issuer-paid vs. investor-paid ratings
(2019)
We investigate the lead-lag relationships between issuer-paid and investor-paid credit rating agencies (CRAs), after the regulatory reforms in the U.S. (2002–2006) also including outlooks. Over our sample period, ratings ...
Bulk volume classification and information detection
(2019)
Using European stock data from two different venues and time periods for which we can identify each trade's aggressor, we test the performance of the bulk volume classification (Easley et al. (2016)
CEO Inside Debt and Risk Taking: Evidence From Property–Liability Insurance Firms
(2019)
We examine the incentive effects of CEO inside debt holdings (pensions and deferred compensation) on risk taking using the sample of U.S. publicly traded property–liability insurers. To represent managerial risk taking, ...
Why do firms disclose their analyst following on their corporate websites?
(European Accounting Association, 2019)
Private information in currency markets
(2019)
Using daily abnormal currency returns for the universe of countries with flexible exchange rates, we show local currency depreciations ahead of unscheduled, public sovereign debt downgrade announcements. Consistent with ...
Real options theory in international business
(2019)
Abstract The last quarter century has witnessed substantial growth in applications of real options theory (ROT) to international business (IB) research. In this review, we explicate the core ROT concepts in the IB context ...
The analyst report's forecast horizon and bias
(European Accounting Association, 2019)
Put-call parity violations and return predictability: Evidence from the 2008 short sale ban
(2019)
We investigate the link between stock and options markets during the 2008 U.S. short sale ban. First, we find definitive evidence that the ban indeed caused stock overvaluation. Second, we show that the short sale ban ...