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This paper investigates how corporate insiders respond to the initial COVID-19 outbreaks. Using comprehensive insider transaction data from 25 countries, we document a consistent pattern of insider selling during the month after the first COVID-19 case is confirmed in a given country. Insider...
Persistent link: https://www.econbiz.de/10014256799
This paper investigates how corporate insiders respond to the initial COVID-19 outbreaks. Using comprehensive insider transaction data from 25 countries, we document a consistent pattern of insider selling during the month after the first COVID-19 case is confirmed in a given country. Insider...
Persistent link: https://www.econbiz.de/10014257806
Recent disclosure regulations require firms to disclose more information. Evaluating disclosure regulations requires researchers to account for real decisions and the uncertainty of future earnings. Thus, firms have an incentive to obtain information to make more appropriate real decisions. In...
Persistent link: https://www.econbiz.de/10013293640
We examine the impact of mandatory ESG disclosure around the world on the cost of equity capital. Using a sample of …
Persistent link: https://www.econbiz.de/10014355181
Persistent link: https://www.econbiz.de/10013107974
Using the Baker, Bloom, and Davis (2013) news-based measure to capture economic policy uncertainty (EPU) in the United States, we find that EPU positively forecasts log excess market returns. A one-standard deviation increase in EPU is associated with a 1.5% increase in forecasted 3-month...
Persistent link: https://www.econbiz.de/10013036850
Persistent link: https://www.econbiz.de/10010424490
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in … each individual system. A major lesson for the emerging world from past financial development is that there are risks …
Persistent link: https://www.econbiz.de/10008907303
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in … each individual system. A major lesson for the emerging world from past financial development is that there are risks …
Persistent link: https://www.econbiz.de/10013132042
We examine the impact of the COVID-19 pandemic on CDS spreads of companies around the world. We find that the pandemic …
Persistent link: https://www.econbiz.de/10013222396