That's Interesting
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Eclipse of the Public Corporation
23rd November, 2023New organizations are emerging in its place—organizations that are corporate in form but have no public shareholders and are not listed or traded on organized exchanges. These organizations use public and private debt, rather than public equity, as their major source of capital.
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Mental Models of the Stock Market
15th November, 2023Investors’ return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic agents’ mental models – their subjective understanding – of the stock market, drawing on surveys with the US general population, US retail investors, US financial professionals, and academic experts.
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Greenwashing: Do Investors, Markets and Boards Really Care?
12th November, 2023What are the financial repercussions of corporate greenwashing? To answer this question, this article focuses on the impact of such ethically flawed practices on corporate stock market performance.
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A Review of Electric Vehicle Consumer Subsidies in Canada
06th November, 2023A look at EV purchase subsidies in Canada, which have been introduced to accelerate market uptake of these vehicles as part of governments’ efforts to reduce greenhouse gas (GHG) emissions that contribute to climate change. Transportation accounts for almost one-quarter of Canada’s total GHG emissions, so it is not surprising that Canadian policymakers are focusing on emissions from this sector.
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The Economic Dynamics of City Structure: Evidence from Hiroshima’s Recovery
03rd November, 2023The article provides a new theory and evidence on the resilience of internal city structure after a large shock, by analyzing the atomic bombing of Hiroshima, which destroyed the city center but not
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Fortunate Timing: Scheduled Insider Trades, Earnings News, and Spin
08th December, 2022In a sample of scheduled (10b5-1 transactions) routine sales by insiders that occur between 2015 and 2020, we find evidence of an increased incidence of favorable earnings-related news occurring in the weeks leading up to large sale transactions (greater than $1 million).
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Buy Now Pay (Pain?) Later
08th December, 2022“Buy Now Pay Later” (BNPL) is a largely unregulated FinTech innovation that provides consumers with easy access to credit for specific retail purchases. The BNPL market is projected to reach $1 trillion by 2025, but what effect does it have on consumers’ financial health.
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Skin in the Game: Operating Growth, Firm Performance, and Future Stock Returns
08th December, 2022Prior research documents that asset growth is negatively associated with future firm performance. In contrast, this article shows that growth financed by product market stakeholders (i.e., “operating growth”) is positively associated with future firm performance.
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How orange juice took over the breakfast table
10th July, 2022Orange juice used to be a treat you had to squeeze out yourself. More than a century ago, an overproduction of oranges helped create the morning staple we know and love.
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