Using variants of a modified version of Dornbusch's model of price level and exchange rate dynamics, it is demonstrated that satisfaction of the formal condition for existence of a unigue non-explosive solution of a linear rational expectations model with forward and backward looking dynamic...

Analyzing the financial benefit of marketing is still a critical topic for both practitioners and researchers. Companies consider marketing costs as a type of investment and expect this investment to be returned to the company in the form of profit. On the other hand, companies adopt different...

Inference for moment inequality models is computationally demanding and often involves time-consuming grid search. By exploiting the equivalent formulations between unconstrained and constrained optimization, we establish new ways to compute the identified set and its confidence set in moment...

This article investigates the role of financial analysts in product quality failures. Using a comprehensive sample of product recalls, we establish three main results. First, analyst coverage on average increases the frequency of product quality failures, particularly when managers are inclined...

Chile initiated a constitution-making process in late 2019, after the major political parties signed an agreement to respond to the massive demonstrations that took over the streets in October of 2019. Dominant trends in Chile and Latin America’s constitutional thought typically examine this...

The pandemic poses significant impacts on the socioeconomic framework. Revolutionary financial and economic strategies are expected to envision a competitive, sustainable and contemporary economic model. Elective methodologies and concrete institutional policies from past economic downturns or...

We revisit the unsettled question of the effects of information asymmetry on corporate hedging by testing three relevant theories. Exploiting mergers or closures of brokerage firms as plausibly exogenous information asymmetry events, we find that treatment firms significantly reduce...

Environmental, health and safety (EH&S) issues are an important part of sustainability and a growing number of companies have implemented some form of board oversight of health and safety issues with most of them emphasizing aspects of the EH&S management systems established by the companies...

Topological data analysis provides a new perspective on many problems in the domain of complex systems. Here, we establish the dependency of the mean value of functional $p$-norms of 'persistence landscapes' on a uniform scaling of the underlying multivariate distribution. Furthermore, we...