Zobrazeno 1 - 10
of 150
pro vyhledávání: '"Marti G Subrahmanyam"'
Publikováno v:
The Review of Corporate Finance Studies. 12:402-442
Liquidity injections by central banks have become frequent and massive, but their real effects on corporate investment remain unclear. We examine the longer-term refinancing operations (LTROs) of the European Central Bank (ECB) during the eurozone so
Publikováno v:
Journal of Monetary Economics. 131:92-111
Publikováno v:
Journal of Financial Economics. 143:846-875
This paper investigates how individual attention triggers influence financial risk-taking based on a large sample of trading records from a brokerage service that sends standardized push messages on stocks to retail investors. By exploiting the data
Publikováno v:
Critical Finance Review. 11:677-745
We analyze the impact of the introduction of credit default swaps (CDSs) on real decision-making within the firm. Our structural model predicts that CDS introduction increases debt capacity more when uncertainty about the credit events that trigger C
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::22c9a75aee53b7cce8ca306972adafa2
http://wrap.warwick.ac.uk/151037/7/WRAP-Credit-default-swaps-around-world-2021.pdf
http://wrap.warwick.ac.uk/151037/7/WRAP-Credit-default-swaps-around-world-2021.pdf
Publikováno v:
Annual Review of Financial Economics. 12:327-355
There is sufficient evidence in the popular, legal, and financial literatures that informed options trading ahead of scheduled and unexpected corporate events is pervasive. In this review, we piece together the extant evidence on this topic into a co
Publikováno v:
The Review of Corporate Finance Studies.
We show that the effect of regulation on credit rating informativeness depends on asset complexity. Using the Dodd-Frank Act as a shock to the rating industry, we analyze the impact of rating changes on market prices, conditioning on various measures
Publikováno v:
The Journal of Fixed Income. :jfi.2023.1.160
Publikováno v:
Journal of Financial Markets. 63:100766
Publikováno v:
Management Science. 65:5697-5720
We quantify the pervasiveness of informed trading activity in target companies’ equity options before the announcements of 1,859 U.S. takeovers between 1996 and 2012. About 25% of all takeovers have positive abnormal volumes, which are greater for