IFC as the debt bias would shrink. However, when other considerations eclipse competence and give the incumbent a strong … electoral advantage or disadvantage, setting up an IFC may be counterproductive as the debt bias would increase. If the … bias if voters care sufficiently about policymakers' competence; (ii) not all political environments are conducive to the …

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …

This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in …) asymptotically, the heterogeneity bias of the FE may be more or less severe in VAR specifications than in standard dynamic panel data …

We analyze a unique data set and uncover a remarkable result that casts a new light on the home bias phenomenon. The … play an important role in equity home bias and that the benefits of international risk sharing are limited to select firms …

show that optimism bias is greater the longer the forecast horizon …