Showing 1 - 10 of 183
We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low-carbon energy and a fossil energy sector contribute to production and are financed by balance-sheet constrained intermediaries. The underestimation of emissions from fossil energy firms...
Persistent link: https://www.econbiz.de/10014467912
extended information environment or more sustainable corporate tax strategies. In cross-sectional tests, we find that the …
Persistent link: https://www.econbiz.de/10012648417
When firms are forced to publicly disclose financial information, credit rating agencies are supposed to improve their … risk assessments. Theory predicts such an information quality effect but also an adverse reputational concerns effect … fundamentals. Analysts tend to give positive private information a lower weight in their risk assessment, while they put a higher …
Persistent link: https://www.econbiz.de/10013411270
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this … instrumental information when given the choice - and perform stunningly well. Agents who are uninformed regarding their piece rate … self-selected information avoidance. All our findings can be captured by a model of optimally distorted expectations …
Persistent link: https://www.econbiz.de/10011340265
of instrumental information exist, studying information structures on performance pay. Second, information avoiders …Recent behavioral models argue in favor of avoidance of instrumental information. We explore the role of information … outperform information receivers. This result holds independently of effects of self-selection. Third, the findings support …
Persistent link: https://www.econbiz.de/10011751477
, such as performance. We address this question through a field experiment in an educational setting. We study the causal … impact of mindfulness meditation on academic performance through a randomized evaluation of a well-known 8-week mindfulness … and non-cognitive skills. However, it takes time before students' performance can benefit from mindfulness meditation: we …
Persistent link: https://www.econbiz.de/10014476123
Persistent link: https://www.econbiz.de/10012596703
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This paper analyses theperformance ofmaturity transformation strategiesduring a period of high and low interest rates. Based on German government bond yieldsfrom September 1972 to May 2019,we construct a rolling window of bond ladders where long-term assets are financed by short-term...
Persistent link: https://www.econbiz.de/10012313784
this question, we use such textual and non-textual information about the names of Danish firms and their addresses as well … as their business purpose statements (BPSs) supplemented by core accounting information along with founder and initial … startup characteristics to forecast the performance of newly started enterprises over a five years' time horizon. The …
Persistent link: https://www.econbiz.de/10012195608