... Publishing Limited Licensed re-use rights only Greenium Green bonds Sustainability-linked bonds Selection model G12 G15 M48 Q30 The first green bond was issued by the World Bank in 2008, while the first sustainability-linked bond (SLB) was issued by the energy company Enel...

... 2024 17 04 2024 © 2026 Emerald Publishing Limited 2026 Emerald Publishing Limited Licensed re-use rights only Market Beta Estimation International Stock Markets C58 G11 G12 G14 G15 G17 This paper evaluates the predictive and hedging performance of 11 market beta...

... Exchange rate risk premium Systematic forecast errors Rational forecasting F31 G14 G15 Scores of studies over the past four decades find that forward exchange rates are biased predictors of spot exchange rates. The finding is based on a linear regression of the one-period-ahead change...

... on the causal effects of competition, with more restrictive models to be preferred due to significant endogeneity concerns. © 2025 Nader Atawnah, Huu Nhan Duong, and Edward J. Podolski 2025 Nader Atawnah, Huu Nhan Duong, and Edward J. Podolski Licensed re-use rights only G15 G33 G34...

... are our own. © 2025 Peixin Li and Baolian Wang 2025 Peixin Li and Baolian Wang Licensed re-use rights only Frequency of comovement Idiosyncratic volatility Counting heuristic International finance G11 G12 G15 G41 How investors evaluate the risk of an asset is central...

... No. 71790605). All errors are the authors’ responsibility. © 2024 Clark Liu and Baolian Wang 2024 Clark Liu and Baolian Wang Licensed re-use rights only Long-term demand curves Divergence of opinion Split-share structure reform A/B share Lack of substitutes G02 G12 G15...

... G15 The risk-return tradeoff is one of the most fundamental issues in finance. In static asset pricing models such as the CAPM, the unconditional equity risk premium varies proportionally with unconditional stock market volatility. Dynamic models such as Merton’s (1973) intertemporal capital...

... risk premiums Out-of-sample forecasting G12 G15 The forward spreads between these forward rates and the one-year yield are f s t ( n ) ≡ f t ( n ) − y t ( 1 ) . r t + 1 ( n ) ≡ p t + 1 ( n − 1 ) − p t ( n...

... propensity to save/dissave External finance constraints Cash flow uncertainty Financial development q measurement error G15 G31 Prior literature offers contrasting conclusions regarding firms’ propensity to save/disburse funds out of cash flow. Almeida et al. (2004) show...

... Research Culture Hard misconduct Soft misconduct Proprietary data Robustness P-hacking Reverse p-hacking Falsification Fabrication Plagiarism G00 G01 G10 G11 G12 G13 G14 G15 G17 G18 G19 G21 G22 G23 G24 G28 G29 G31 G32 G33 My role in advocating for data and code...

.... © 2019 Kent Daniel, Robert J. Hodrick and Zhongjin Lu 2019 Kent Daniel, Robert J. Hodrick and Zhongjin Lu Licensed re-use rights only Currency carry trade Currency risk factors Market efficiency F31 G12 G15 This paper empirically examines returns to carry trades...

..., it is not inevitable. Again, the fundamental point is that standard errors are different between individual analyses and aggregate analyses. ³ Aggregation bias Law and finance Ownership concentration C18 G15 G32 G34 I thank Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer...

..., and Yale. © 2016 C. G. Holderness 2016 C. G. Holderness Licensed re-use rights only Law and finance ownership concentration investors’ legal protections G15 G32 G34 Some have criticized the existing literature on law and ownership because it does not address private firms...