Credit information quality is uncertain and varies across corporate bonds. We hypothesize that bond funds adjust their bond holdings to reduce perceived credit quality uncertainty if fund managers dislike ambiguity. Using statistical proximity measures of firm survival probabilities predicted by...

Studies have documented that firms in competitive industries tend to invest inefficiently and suffer from booms and busts. We extend the literature by showing that high-sentiment signals from credit markets, an indication of easy money available, prompt firms in competitive industries to borrow...

This paper tests a theory conjecturing that cross-listing can insulate firms from potential hostile takeovers owing to the increased cost concern of bidders. We find a significant and positive relation between the corporate control threat and the likelihood that firms cross-list in a foreign...

The interaction of LiN(SiMe 3 ) 2 with one equivalent of 1,3- or 1,4-dicyanobenzene followed by the addition of one equivalent of chlorodiphenylphosphine and oxidation by hydrogen peroxide gave charge-assisted hydrogen bond supramolecular polymeric structure compounds of the general formula...

The development of high-performance, low-cost and large-scale water/seawater splitting bifunctional electrocatalysts still faces huge challenges. Here, we deliver a novel and simple spontaneous redox synthesis strategy to fabricate a self-supported Pt-CoFe(II) layered double hydroxide (LDH)...

This paper develops an econometric model of industry dynamics for concentrated markets that can be estimated very quickly from market-level panel data on the number of producers and consumers using a nested fixed-point algorithm. We show that the model has an essentially unique symmetric...

This paper develops a tractable model for the computational and empirical analysis of infinite-horizon oligopoly dynamics. It features aggregate demand uncertainty, sunk entry costs, stochastic idiosyncratic technological progress, and irreversible exit. We develop an algorithm for computing a...

The fact that wineries tend to cluster in certain sub-regions can be partially explained by the terroir of those areas. However, a gap in our understanding of the spatial relationships among wineries remains. In this article, winery-level data with geographic information system (GIS) coordinates...

In this article, we evaluate how sensory qualities of wine, such as astringency, bitterness, aroma, and flavor, affect consumers' willingness to pay for wine. In order to accomplish this objective, we utilize data collected from untrained consumers, a trained panel, and laboratory measurements...