We observe that public firms are more likely to issue seasoned stocks rather than bonds when theirs boards are more socially-connected. These connected issuers experience better announcement-period stock returns and attract more institutional investors. This social-connection effect is stronger...

This paper studies the relation between immediate market response to corporate earnings announcements and subsequent stock price movement. By adapting an information signal model from Holthausen and Verrecchia (1988), we develop a new measure — the immediate earnings response coefficient...

Detecting local communities in real-world graphs such as large social networks, web graphs, and biological networks has received a great deal of attention because obtaining complete information from a large network is still difficult and unrealistic nowadays. In this paper, we define the term...

Data from 2,251 small and medium-size farms for 2021 and 2022 show that area reductions in response to the Russian invasion of Ukraine remained limited. However, worsening terms of trade reduced farm profitability, implying that 46 percent of farms had a negative cash flow and 54 percent (67...

Mitigating climate change has become an essential issue of global concern, with the development of renewable energy being a meaningful way to do so. Subsidy policies have played a vital role in promoting renewable energy development. However, considering the limited number of subsidies,...

Data from 2,251 small and medium-size farms for 2021 and 2022 show that area reductions in response to the Russian invasion of Ukraine remained limited. However, worsening terms of trade reduced farm profitability, implying that 46 percent of farms had a negative cash flow and 54 percent (67...