Similar Search Results

Changing Times, Changing Values : A Historical Analysis of Sectors within the US Stock Market 1872-2013

Bunn, Oliver D. - 2014

We construct a price, dividend, and earnings series for the Industrials sector, the Utilities sector, and the Railroads sector from the beginning of the 1870s until the beginning of the year 2013 from primary sources. To infer about mispricings in the sector markets over more than a century, we...

Persistent link: https://www.econbiz.de/10012458297

Gold's Value as an Investment

Jermann, Urban J. - National Bureau of Economic Research - 2023

For investors, gold is an asset without a yield that is attractive in times of low and negative real interest rates. Gold also has an embedded put option because investors can sell it to those who value its use as jewelry or as a productive input. This paper presents an approach for pricing gold...

Persistent link: https://www.econbiz.de/10014322774

The Information Content of Corporate Earnings : Evidence from the Securities Exchange Act of 1934

Binz, Oliver; Graham, John R. - National Bureau of Economic Research - 2022

We examine whether the Securities Exchange Act of 1934 increased the information content of corporate earnings disclosures. Prior research questions whether the Act improved disclosure quality but generally relies on long-window tests and yields mixed results. We focus on whether the Act...

Persistent link: https://www.econbiz.de/10012938716

The Real Effects of Mandatory CSR Disclosure on Emissions : Evidence from the Greenhouse Gas Reporting Program

Yang, Lavender; Muller, Nicholas Z.; Liang, Pierre Jinghong - National Bureau of Economic Research - 2021

We examine the real effects of the Greenhouse Gas Reporting Program (GHGRP) on electric power plants in the United States. Starting in 2010, the GHGRP requires both the reporting of greenhouse gas emissions by facilities emitting more than 25,000 metric tons of carbon dioxide per year to the...

Persistent link: https://www.econbiz.de/10012599274

Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments

Greenstone, Michael - 2005

The 1964 Securities Acts Amendments extended the mandatory disclosure requirements that had applied to listed firms since 1934 to large firms traded Over-the-Counter (OTC). We find several pieces of evidence indicating that investors valued these disclosure requirements, two of which are...

Persistent link: https://www.econbiz.de/10012467201

Is Pollution Value-Maximizing? The DuPont Case

Shapira, Roy - 2017

DuPont, one of the most respectable U.S. companies, caused environmental damage that ended up costing the company around a billion dollars. By using internal company documents disclosed in trials we rule out the possibilities that this bad outcome was due to ignorance, an unexpected realization,...

Persistent link: https://www.econbiz.de/10012010571

Internalizing Externalities : Disclosure Regulation for Hydraulic Fracturing, Drilling Activity and Water Quality

Bonetti, Pietro; Leuz, Christian; Michelon, Giovanna - National Bureau of Economic Research - 2023

The rise of shale gas and tight oil development has triggered a major debate about hydraulic fracturing (HF). In an effort to mitigate risks from HF, especially with respect to water quality, many U.S. states have introduced disclosure mandates for HF wells and fracturing fluids. We use this...

Persistent link: https://www.econbiz.de/10013537736

Wealth and Insurance Choices : Evidence from US Households

Gropper, Michael J.; Kuhnen, Camelia M. - National Bureau of Economic Research - 2021

Theoretically, wealthier people should buy less insurance, and should self-insure through saving instead, as insurance … wealthier have better life and property insurance coverage. Wealth-related differences in background risk, legal risk, liquidity … constraints, financial literacy, and pricing explain only a small fraction of the positive wealth-insurance correlation. This …

Persistent link: https://www.econbiz.de/10012599359

Understanding the Ownership Structure of Corporate Bonds

Koijen, Ralph S. J.; Yogo, Motohiro - National Bureau of Economic Research - 2022

Insurers are the largest institutional investors of corporate bonds. However, a standard theory of insurance markets …

Persistent link: https://www.econbiz.de/10012814454

Policy Watch : Challenges for Terrorism Risk Insurance in the United States

Kunreuther, Howard - 2004

This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001 …, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance … Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program …

Persistent link: https://www.econbiz.de/10012467819

1
2
3
4
5
6
7
8
9
10
Next
Last