The efficient market hypothesis (EMH) and behavioral finance (BF) form the blame-hope axis of the ongoing soul-searching exercise in economics, which frequently refers to the ‘Chicago School' and the ideological division between ‘freshwater' and ‘saltwater' universities. Citation analysis...

This paper explores how shareholder engagement on environmental, social and governance (ESG) issues is informally exercised by a large global institutional investor with locally embedded, geographically remote firms. By studying a UK asset manager's shareholder engagement strategies on ESG...

The 2008 financial crisis was the second instance since the Great Depression that many hundreds of financial institutions failed across the United States. The rescue staged by the federal government, however, was unprecedented in scale, involving an initial Congressional authorization of $700...

In this paper, we report the results of a survey on the individual propensity to hold income protection insurance across 11 countries and focus on whether it is meaningful to assume that observed preferences for such products are driven by factors such as respondents’ socio-demographic and...

In this paper, it is shown that there are statistically significant country-effects conditioning the uptake of income protection insurance. It was also found that respondents’ socio-demographic attributes are important factors in determining the take-up of income protection insurance whatever...

This paper revisits and contributes to geographies of the 2007 financial crisis and ensuing recession by testing the statistical relationships between a set of economic indicators and growth in metropolitan areas in the United States. Two research questions organize the quantitative strategy....

This paper examines the impact of financial crises on employment. Using employment data from 32 countries between 1975 and 2005 and financial crisis from Reinhart and Rogoff (2009), we examine the resilience of eight economic sectors. As a test of robustness, we contrast these findings with...

Scandals of corporate governance in the United States and Europe in the aftermath of the TMT bubble captured the public imagination. In play were the interests of senior executives in relation to investors, prompting debate over countries' standards of corporate governance in the global market...

Believed to be a robust alternative to Anglo-American market capitalism, the virtues of the German model are increasingly disputed as doubts are raised about its long-term prospects. At the core of the German model is a system of corporate governance that is characterized by concentrated...

Modern civilization revolves around money. However, money is a paradox. It is nothing more than a representation of and medium for decentralized networks of social trust, but its production is controlled by highly centralized networks of firms, places, and governments, and there is never enough...