This paper identifies the firm-specific information events that drive economically relevant stock price and trading volume changes. It employs a novel methodology that is not constrained by an arbitrarily determined set of information events and allows for event anticipation and information...

G<sc>iblin</sc> M. and R<sc>yan</sc> P. Tight clusters or loose networks? The critical role of inward foreign direct investment in cluster creation, <italic>Regional Studies</italic>. The purpose of this paper is to investigate the role of inward foreign direct investment in instigating a clustering process. In particular, the...

In 2009, the G20 leaders agreed that all standardised over-the-counter (OTC) derivatives should be cleared through central counterparties (CCPs). Accordingly, an increasing proportion of OTC derivatives are now centrally cleared, particularly where the trading counterparties are large...

Although interest in monopsonistic influences on labor market outcomes has revived in recent years, only a few empirical studies provide direct evidence on this topic. In this article, the authors analyze the effect of monopsony power on pay structure, using a direct measure of labor market...