Zobrazeno 1 - 10
of 17
pro vyhledávání: '"Ruchith Dissanayake"'
Publikováno v:
The Review of Corporate Finance Studies.
Increases in government debt are associated with a reduction in the yield spread between high-grade corporate bonds and long-term Treasuries and an increase in fiscal uncertainty. Consequently, increases in government debt significantly reduce the fi
Autor:
Ruchith Dissanayake
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Autor:
Yanhui Wu, Ruchith Dissanayake
Publikováno v:
SSRN Electronic Journal.
Banking efficiency is an essential catalyst in reducing uncertainty during a crisis and stimulating post-crisis economic growth. The heterogeneity in pre-crisis banking efficiency explains the differences in uncertainty — measured using stock retur
Autor:
Ruchith Dissanayake, Yanhui Wu
Publikováno v:
SSRN Electronic Journal.
We use a narrative method to construct an uncertainty measure based on transnational geopolitical tensions that is plausibly uncorrelated with the existing economic conditions. Increases in geopolitical uncertainty cause a significant reduction in R&
Autor:
Ruchith Dissanayake
Publikováno v:
Journal of Economic Dynamics and Control. 133:104267
I examine the effects of geographic distribution of firms on the expected stock returns. Information spillovers and coordinated actions by interacting managers increase the cyclicality of wages in agglomerated industries compared to dispersed industr
Publikováno v:
SSRN Electronic Journal.
We find that shocks to aggregate geopolitical uncertainty are associated with an average decline in firm-level capital investment. The decline in investments increases in the degree of external financial constraints faced by firms, with the effect be
Publikováno v:
SSRN Electronic Journal.
We examine the impact of changes in national debt on the mergers and acquisitions (M&As) activity. Although increases in government debt reduces the acquisition likelihood, we find no evidence for the traditional interest rate mechanism. Instead, we
Autor:
Ruchith Dissanayake, Yanhui Wu
Publikováno v:
SSRN Electronic Journal.
In this paper, we examine the implications of macroeconomic, geopolitical, and policy uncertainties on firm innovation. We find that macroeconomic and geopolitical uncertainties significantly hinder corporate innovation. Effects of policy uncertainty
Autor:
Ruchith Dissanayake
Publikováno v:
SSRN Electronic Journal.
Using two instruments of perceived probabilities of income tax changes, I show that the implications of tax news shocks on the economy and asset prices are asymmetric across the political partisan cycle. Tax shocks cause high wealth states during Rep