This paper examines the stock price reaction to the announcement of convertible bonds (CBs) issuance during the period 1996 through 2002 in Japan. We discover a significantly negative stock price reaction to the announcement of CBs. This result conforms to the negative stock reaction in the U.S....

The rapid diffusion and use of new ideas are critical for advancing and realizing the value of innovation. This paper explores the impact of demographic characteristics of innovators and potential adopters on the adoption of important new scientific ideas through networks. Using rich,...

This paper analyses the impact of foreign currency exposure on the value of the New Zealand public listed companies using the New Zealand/US exchange rate and Trade Weighted Index factor return. Augmented market model (Adler and Dumas, 1984; Di Iorio and Faff, 2000; Dominguez and Tesar, 2001) would be...

This study examines the behavior of financial contagion within the New Zealand stock market. The degree of financial contagion is measured by the coincidence of extreme stock returns. The extent of the effect and its economic significance are examined using the multinomial regression. The...

In the early phases of the COVID-19 epidemic labor markets exhibited considerable churn, which we relate to three primary findings. First, reopening policies generated asymmetrically large increases in reemployment of those out of work, compared to modest decreases in job loss among those...

In the early phases of the COVID-19 epidemic labor markets exhibited considerable churn, which we relate to three primary findings. First, reopening policies generated asymmetrically large increases in reemployment of those out of work, compared to modest decreases in job loss among those...

Funding of research is critically important because it affects the flow of new, doctorally qualified scientists into the workforce. This paper provides new insights into how survey data can be combined with administrative records to examine the ways in which funding affects workforce decisions....

Funding of research is critically important because it affects the flow of new, doctorally qualified scientists into the workforce. This paper provides new insights into how survey data can be combined with administrative records to examine the ways in which funding affects workforce decisions....