Finance and Accounting: Recent submissions

Now showing items 26-30 of 393

    • Illiquidity, R&D investment, and stock returns 

      Ahmed, S; Bu, Z; Ye, X (Wiley / The Ohio State University, 9 April 2023)
      We propose a dynamic model of research and development (R&D) venture, which predicts that the positive relation between the firm's R&D investment and the expected stock returns strengthens with illiquidity. Consistent with ...

    • Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around the World 

      Edmans, A; Pu, D; Zhang, C; et al. (INFORMS, 31 August 2023)
      Studying 30 countries, we find that the link between employee satisfaction and stock returns is significantly increasing in a country’s labor market flexibility. This result is consistent with employee satisfaction having ...

    • Keep calm and carry on emitting: cap-and-trade rules, local emissions and growth 

      Onali, E; Mascia, DV (Routledge / Regional Studies Association, 2 May 2023)
      We estimate the impact of the cap-and-trade program (CATP) in California on regional greenhouse gas emissions and economic growth. Our preferred identification strategies, based on spatial distance and county-level ...

    • Product Market Competition, Labor Mobility, and the Cross-Section of Stock Returns 

      Ahmed, S; Bu, Z; Ye, X (Oxford University Press (OUP) / Society for Financial Studies, 9 January 2023)
      This paper explores the impact of product market competition on the positive relation between labor mobility (LM) and future returns. We develop a production-based model and formalize the intuition that low exposure to ...

    • Competition and Bank Payout Policy 

      De Cesari, A; Gilder, D; Huang, W; et al. (Wiley / The Ohio State University, 23 February 2023)
      Leveraging branch-level data on bank deposits, we provide evidence of a negative impact of branching restrictions on payout ratios, which occurs only for banks with a low charter value, as proxied by the market-to-book ...