This paper further develops the stock return method proposed by Cho and McKelvey (1996). It is claimed that the method may detect industry substructure in an objective and effective way. Although they are statistically significantly different while avoiding any artifactual statistical results...

This study examines a specific source of lenders' ex ante information advantage, private information about borrowers' forthcoming patents. We examine this setting to provide evidence of the impact of such private information on borrowers' cost of debt. We find evidence consistent with lenders...

Regulating access and benefit sharing of Antarctica's ex situ genetic resources is surprisingly complex. While the Antarctic Treaty System is silent on the issue, national access and benefit sharing frameworks may apply on a case-by-case basis depending on the timing, circumstances and nature of...

This study examines a specific source of borrowers' proprietary information and lenders' ex ante information advantage, i.e., private information about the borrowers' forthcoming patents. We examine this unique setting, where borrowers have credible information regarding a positive future event...