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Hainz, Christa; Hornuf, Lars - In: CESifo DICE Report 14 (2016) 1, pp. 67-69

Persistent link: https://www.econbiz.de/10011696957

Are euro-area corporate bond markets irrelevant? : the effect of bond market access on investment

Von Beschwitz, Bastian; Howells, Conor T. - 2016

We compare how bond market access affects firms' investment decisions in the United States and the euro area. Having a bond rating enables US corporations to invest more and undertake more acquisitions. In contrast, in the euro area, bond ratings have no effect on investment decisions....

Persistent link: https://www.econbiz.de/10011563155

Accounting conservatism and firm value : evidence from the global financial crisis

Watts, Ross L.; Zuo, Luo - 2011 - Current version: November 2011

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global financial crisis. Using a differences-in-differences design, we find that firms with less conservative financial reporting experienced a sharper decline in investment activity following...

Persistent link: https://www.econbiz.de/10009579601

Detecting informed trading activities in the options markets

Chesney, Marc; Crameri, Remo; Mancini, Loriano - 2011

We develop statistical methods to detect informed trading in options markets. We apply these methods to 31 companies from various sectors over 14 years analyzing approximately 9.6 million option prices. We find that option informed trading tends to cluster prior to certain events, takes place...

Persistent link: https://www.econbiz.de/10009314008

Detecting informed trading activities in the options markets : appendix on subprime financial crisis

Chesney, Marc; Crameri, Remo; Mancini, Loriano - 2011

This appendix extends the empirical results in Chesney, Crameri, and Mancini (2011). Informed trading activities on put and call options are analyzed for 19 companies in the banking and insurance sectors from January 1996 to September 2009. Our empirical findings suggest that certain events such...

Persistent link: https://www.econbiz.de/10009314012

The quasi-option value of irreversible development

Freeman, Albert Myrick - In: The economic approach to environmental policy : the …, (pp. 402-405). 1998

Persistent link: https://www.econbiz.de/10001304257

Financial signalling by innovative nascent entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009

External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …

Persistent link: https://www.econbiz.de/10010266651