Credit rating agencies, information asymmetry and US bond liquidity
Do rating announcements reduce information asymmetries? We investigate the effect of rating disclosures on the volatility and liquidity of the US bond market.
Do regulatory policies matter to corporate innovation?
This paper examines the relationship between regulation and innovation from both theoretical and empirical perspectives.
Investor heterogeneity and negative skewness in stock returns: Evidence from institutional investors?
We examine the relation between the probability of future stock price crash and investors’ investment horizons. Using negative skewness as a proxy for firm-specific crash risk, we document a positive association between institutional ownership and stock price crash risk.
Le manuel du métavers
"The Metaverse Handbook: The Ultimate Guide to Understanding the Digital Revolution" is a must-read for anyone seeking to grasp the magnitude of these ongoing changes.
Nations ranking in scientific competition: Countries get what they paid for
We model the relative standing of nations in the scientific, academic competition.
We predict a power relation between scientific output and public R&D funding.
We support this prediction using bibliometric data for 42 countries over 1996–2015.
Rethinking companies' culture through knowledge management lens during Industry 5.0 transition
Banks’ capital buffer, profitability and risk of failure: the effect of regulation, supervision and the business cycle
In this article, we apply the GMM technique on dynamic panels, using both bank-level data and country-level data for the three largest European economies (Germany, the UK and France) during the period 2005-2013 to investigate the impact of regulation, supervision and the business cycle on capital