Zobrazeno 1 - 10
of 229
pro vyhledávání: '"Alberto Manconi"'
Publikováno v:
Management Science. INFORMS Institute for Operations Research and the Management Sciences
We study the relationship between new intermediaries and regulatory arbitrage, analyzing marketplace credit around a tightening of mortgage loan-to-value (LTV) caps in several cities in China in 2013. Using novel data covering over 20% of Chinese mar
Publikováno v:
SSRN Electronic Journal.
Corporations pay out large settlements to their shareholders and other plaintiffs as compensation for corporate governance failures. Hired to achieve and improve settlements, plaintiff law firms can play a central role in litigation outcomes. We prov
Publikováno v:
Journal of Financial Economics, 138(2), 295-315. Elsevier
Journal of Financial Economics, 138(2), 295-315. Elsevier Science
Journal of Financial Economics, 138(2), 295-315. Elsevier Science
Do credit contractions trigger social unrest? To answer this question, we turn to a natural experiment from 1930s China, where the 1933 U.S. Silver Purchase program acts as a shock to bank lending. We assemble a hand-collected data set of loan contra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0184c1ead2bb5f2d74111d34e7ef14a7
https://pure.eur.nl/en/publications/d2063796-e9da-4568-8412-9dd331836ee6
https://pure.eur.nl/en/publications/d2063796-e9da-4568-8412-9dd331836ee6
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Financial and Quantitative Analysis. 54:1899-1935
Using a sample of over 9,000 buyback announcements from 31 non-U.S. countries, we find support for the results of studies based on U.S. data: On average, share repurchases are associated with significant positive short- and long-term excess returns.
Publikováno v:
SSRN Electronic Journal.
Using a novel text-based measure of top management team diversity, covering over 70,000 top executives in over 6,500 U.S. firms from 1999 to 2014, we show that analyst forecasts are systematically more pessimistic for firms with more diverse top mana
Publikováno v:
The Review of Financial Studies, 30(5), 1660-1695. Oxford University Press
Investor attention matters for corporate actions. Our new identification approach constructs firm-level shareholder "distraction" measures, by exploiting exogenous shocks to unrelated parts of institutional shareholders' portfolios. Firms with "distr
Autor:
Alberto Manconi, Leonard Kostovetsky
Publikováno v:
SSRN Electronic Journal.
Asset management companies in the United States employ several hundred thousand people in advisory, portfolio management, and research roles, yet academic research suggests their investments, on average, underperform passive benchmarks net of fees. U
We study the informational role of corporate hedging, comparing two hypotheses. Under the “opacity” hypothesis, corporate hedging makes earnings less informative, renders the firm opaque, and increases informed traders’ profitability. Under the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6bba312b2f332ca3318aefa7dfcc4e90
http://hdl.handle.net/11565/3996240
http://hdl.handle.net/11565/3996240
Autor:
Alberto Manconi, Leonard Kostovetsky
Publikováno v:
SSRN Electronic Journal.
Can institutional ownership act as a vehicle for the diffusion of innovation? We take this question to the data, using information on institutional ownership and patent citations over the period 1980-2010. Higher common institutional ownership is ass