Zobrazeno 1 - 10
of 42
pro vyhledávání: '"Art Durnev"'
Publikováno v:
The Quarterly Review of Economics and Finance. 76:68-83
Using a hand-collected sample of state-owned enterprises and newly privatized firms around the globe, we investigate state ownership patterns in natural advantage (substantial oil reserves or mineral deposits) industries. We find that ultimate state
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e8320d977a21c038308b0c09f4485e3e
https://doi.org/10.1016/j.qref.2019.08.005
https://doi.org/10.1016/j.qref.2019.08.005
Autor:
Jiawei Wang, Art Durnev
Publikováno v:
SSRN Electronic Journal.
We propose a new function of stock market – to align voters’ preferences to politicians’ policies. We build a model with politicians’ ability to abate negative disaster shocks. Pro-business politicians are more likely to get re-elected when v
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::af43dbce96aa3d46a70e1965fb33ff3a
https://doi.org/10.2139/ssrn.3908762
https://doi.org/10.2139/ssrn.3908762
Autor:
Art Durnev, Claudine Mangen
Publikováno v:
SSRN Electronic Journal.
This study explores the spillover effects of the tone of restatement press releases for the investments of rival firms. Our results show that changes in rivals’ investments after a restatement are significantly positively associated with the tone o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8c515612575dbe6d87889fc290042ac7
https://doi.org/10.2139/ssrn.3636313
https://doi.org/10.2139/ssrn.3636313
Publikováno v:
Management Science. 64:2102-2125
We argue in this paper that firms with foreign operations misallocate capital and underperform when they face political instability abroad. We develop and test a dynamic model of firm capital allocation under foreign political instability. The model
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f593ac8ba5d944df94d19291c17ca2f0
https://doi.org/10.1287/mnsc.2016.2638
https://doi.org/10.1287/mnsc.2016.2638
Publikováno v:
Journal of Business Finance & Accounting. 44:646-696
We explore how firms’ operations in Offshore Financial Centers (OFCs) through subsidiaries or affiliates affect the quality of financial reporting. Using a unique and large sample of firms that have headquarters in the 15 countries with the stricte
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fb665da5bcba733c5f085ec3567d14e3
https://doi.org/10.1111/jbfa.12240
https://doi.org/10.1111/jbfa.12240
Autor:
Claudine Mangen, Art Durnev
Publikováno v:
SSRN Electronic Journal.
We explore whether disclosures in the Management Discussion & Analysis (MD&A) have spillover effects for investment and investment efficiency, and whether spillover effects vary with competition. We focus on the tone of MD&A disclosures and documen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e9097cac0428d38f38663b0a23bc7dcc
https://doi.org/10.2139/ssrn.3466469
https://doi.org/10.2139/ssrn.3466469
Autor:
Claudine Mangen, Art Durnev
Publikováno v:
Journal of Accounting and Economics. 70:101299
We explore whether disclosures in the Management Discussion & Analysis (MDA it is stronger when firms operate in industries that have lower entry costs, are larger, and have less substitutable products. We obtain similar results for investment effici
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a8780b1016e2d0ddbe77674b46d49ce8
https://doi.org/10.1016/j.jacceco.2020.101299
https://doi.org/10.1016/j.jacceco.2020.101299
We analyze initial public offering (IPO) activity under political uncertainty surrounding gubernatorial elections in the United States. There are fewer IPOs originating from a state when it is scheduled to have an election. To establish identificatio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0c21416af4a6915ad831b89541183fd6
http://sro.sussex.ac.uk/id/eprint/104492/1/DraftJFQA.pdf
http://sro.sussex.ac.uk/id/eprint/104492/1/DraftJFQA.pdf
Publikováno v:
Journal of Corporate Finance. 30:299-324
We analyze the role of political instability for the composition of foreign investment, whether it takes the form of a majority- or minority-owned investment. We focus on the instability generated by the change of the party in power rather than on th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e669a8ceca24cff0c60a1bde22dff7a5
https://doi.org/10.1016/j.jcorpfin.2014.12.013
https://doi.org/10.1016/j.jcorpfin.2014.12.013
Publikováno v:
Review of Financial Studies. 25(4):1111-1154
We examine how local and global political risks affect industry return volatility. Our central premise is that some industries are more sensitive to political events than others. We find that industries that are more dependent on trade, contract enfo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2877611f8ff0fd7e6c3f2954818fcfe5
http://hdl.handle.net/10.1093/rfs/hhr100
http://hdl.handle.net/10.1093/rfs/hhr100