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The Environmental Impacts of Protected Area Policy
Reynaert, Mathias; Rodrigues, Eduardo Augusto de Souza; … - National Bureau of Economic Research - 2023
The world has pledged to protect 30 percent of its land and waters by 2030 to halt the rapid deterioration of critical …
Persistent link: https://www.econbiz.de/10014437004
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An Evaluation of Protected Area Policies in the European Union
Grupp, Tristan Earle; Mishra, Prakash; Reynaert, Mathias; … - National Bureau of Economic Research - 2023
land for protection and the causal effect of protection on vegetation cover and nightlights. Our results reveal protection … of land and climate attributes. We conclude that European conservation efforts lack ambition because policymakers select … land for protection not threatened by development …
Persistent link: https://www.econbiz.de/10014447255
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Do Sell-Side Analysts Say "Buy" While Whispering "Sell"?
Hirshleifer, David; Shi, Yushui; Wu, Weili - National Bureau of Economic Research - 2022
We examine how sell-side equity analysts strategically disclose information of differing quality to the public versus the buy-side mutual fund managers to whom they are connected. We consider cases in which analysts recommend that the public buys a stock, but some fund managers sell it. We...
Persistent link: https://www.econbiz.de/10013210060
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RIM-Based Value Premium and Factor Pricing Using Value-Price Divergence
Cong, Lin William; George, Nathan Darden; Wang, Guojun - National Bureau of Economic Research - 2023
We document that value-to-price, the ratio of Residual-Income-Model-based valuation to market price, subsumes the power of book-to-market ratio and many other value or quality measures in predicting stock returns. Long-short value-to-price portfolios hedge against momentum, revitalize the...
Persistent link: https://www.econbiz.de/10014226164
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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
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Accounting for Environmental Activity : Measuring Public Environmental Expenditures and the Environmental Goods and Services Sector in the US
Fixler, Dennis J.; Hass, Julie L.; Highfill, Tina; … - National Bureau of Economic Research - 2023
How much of the economy is focused on protecting, rehabilitating, or managing the environment? To answer this question, we develop a proof-of-concept environmental activity account to quantify the environmental goods and services sector (EGSS) in the United States. Methodologically, we employ a...
Persistent link: https://www.econbiz.de/10014337807
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Does Inflation Affect Earnings Relevance? A Century-Long Analysis
Binz, Oliver; Graham, John R.; Kubic, Matthew - National Bureau of Economic Research - 2024
Financial reports present assets, liabilities, and earnings on a nominal basis (unadjusted for inflation). Using a novel dataset of nearly a century of financial reports, this paper examines whether and how inflation affects the relation between accounting earnings and stock market value, i.e.,...
Persistent link: https://www.econbiz.de/10014528402
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Land, Labor and Globalization in the Pre-Industrial Third World
Williamson, Jeffrey G. - 2000
series on wage/rental ratios, land/labor ratios, the terms of trade, and other explanatory variables for: Argentina, Burma …
Persistent link: https://www.econbiz.de/10012470966
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The Political Economy of Race, 1940-1964 : The Adoption of State-Level Fair Employment Legislation
Collins, William J. - 2000
This paper traces the diffusion of fair employment legislation at the state level and evaluates the relative importance of various demographic, political, and economic factors in the promotion (or at least the acceptance) of the principle of government-enforced anti-discrimination policy. The...
Persistent link: https://www.econbiz.de/10012471036
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An Industry-Adjusted Index of State Environmental Compliance Costs
Levinson, Arik - 1999
This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years, thus facilitating comparisons both among states and...
Persistent link: https://www.econbiz.de/10012471487