Review of Corporate Finance Studies最新文献

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The Disparate Effect of Nudges on Minority Groups 轻推对少数群体的不同影响
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-03-14 DOI: 10.1093/rcfs/cfac011
Maya Haran Rosen, Orly Sade
{"title":"The Disparate Effect of Nudges on Minority Groups","authors":"Maya Haran Rosen, Orly Sade","doi":"10.1093/rcfs/cfac011","DOIUrl":"https://doi.org/10.1093/rcfs/cfac011","url":null,"abstract":"\u0000 We compare the effect of a text message sent to mobile phones on the actions of minority groups versus the general population in Israel. Using proprietary data from a dedicated survey, we show that the text message had an overall positive effect, but a significantly smaller effect on minority groups. We provide insights into potential channels (low digital literacy, low financial literacy, and low trust) that contribute to the differential effect. This evidence suggests that policy interventions relying on voluntary take-up by participants may be disproportionately taken up by nonmarginalized groups, an unintended effect that can exacerbate rather than mitigate disparities.","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":" ","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44103420","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Passivity on the Board of Directors 董事会的被动
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-03-14 DOI: 10.1093/rcfs/cfac012
C. Yung
{"title":"Passivity on the Board of Directors","authors":"C. Yung","doi":"10.1093/rcfs/cfac012","DOIUrl":"https://doi.org/10.1093/rcfs/cfac012","url":null,"abstract":"\u0000 A CEO proposes a strategic plan to a board of directors acting in an advisory role. Each director supports the plan, opposes it, or delays speaking until other directors act. The option to delay suppresses dissent from bad plans in equilibrium. Delay has a pronounced impact for important decisions and for firms with reputable CEOs who make few errors. I investigate the role of ordering, that is, when directors should be invited to speak as a function of their signal precision.","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":" ","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41906702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Agency Costs and Strategic Speculation in the U.S. Stock Market 美国股票市场的代理成本与战略投机
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-03-03 DOI: 10.1093/rcfs/cfac009
Paolo Pasquariello
{"title":"Agency Costs and Strategic Speculation in the U.S. Stock Market","authors":"Paolo Pasquariello","doi":"10.1093/rcfs/cfac009","DOIUrl":"https://doi.org/10.1093/rcfs/cfac009","url":null,"abstract":"This study investigates the notion that agency-driven information asymmetry may affect a firm’s stock liquidity. I postulate that less uncertainty about managerial agency problems may enhance liquidity provision by lowering dealers’ perceived adverse selection risk from trading with better-informed speculators. Consistent with my conjecture, I find that the staggered adoption of antitakeover provisions across U.S. states in the 1980s and 1990s — a plausibly exogenous shock unambiguously reducing the threat of (and speculators’ information advantage about) value-enhancing intervention — robustly improves the stock liquidity of affected firms relative to peer firms, especially at prior high fundamental or agency uncertainty and with poor governance.","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"57 2","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138509225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
OUP accepted manuscript OUP接受稿件
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-01-01 DOI: 10.1093/rcfs/cfac008
{"title":"OUP accepted manuscript","authors":"","doi":"10.1093/rcfs/cfac008","DOIUrl":"https://doi.org/10.1093/rcfs/cfac008","url":null,"abstract":"","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"6 1","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83886408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Diversity in Family Business: Where Social Goals Collide with Family Socioemotional Wealth 家族企业的多样性:社会目标与家族社会情感财富的冲突
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-01-01 DOI: 10.1561/114.00000032
Jijun Gao, Mingzhi Liu, Yefeng Wang
{"title":"Diversity in Family Business: Where Social Goals Collide with Family Socioemotional Wealth","authors":"Jijun Gao, Mingzhi Liu, Yefeng Wang","doi":"10.1561/114.00000032","DOIUrl":"https://doi.org/10.1561/114.00000032","url":null,"abstract":"","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"95 1","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81805845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
OUP accepted manuscript OUP接受稿件
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-01-01 DOI: 10.1093/rcfs/cfac017
{"title":"OUP accepted manuscript","authors":"","doi":"10.1093/rcfs/cfac017","DOIUrl":"https://doi.org/10.1093/rcfs/cfac017","url":null,"abstract":"","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"40 1","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77226048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Effect of Corporate Investment Efficiency on Cross-Border M&As 企业投资效率对跨国并购的影响
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-01-01 DOI: 10.1561/114.00000015
Feng Dong, John A. Doukas
{"title":"The Effect of Corporate Investment Efficiency on Cross-Border M&As","authors":"Feng Dong, John A. Doukas","doi":"10.1561/114.00000015","DOIUrl":"https://doi.org/10.1561/114.00000015","url":null,"abstract":"","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"7 1","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89662042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
We Reddit in a Forum: The Influence of Message Boards on Firm Stability 我们在论坛上讨论:留言板对企业稳定性的影响
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-01-01 DOI: 10.1561/114.00000014
S. Corbet, Y. Hou, Yang Hu, L. Oxley
{"title":"We Reddit in a Forum: The Influence of Message Boards on Firm Stability","authors":"S. Corbet, Y. Hou, Yang Hu, L. Oxley","doi":"10.1561/114.00000014","DOIUrl":"https://doi.org/10.1561/114.00000014","url":null,"abstract":"","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"23 1","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77855003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Asset Market Equilibrium and Family Firm Cost of Capital: Implications for Corporate Finance 资产市场均衡与家族企业资本成本:对公司融资的启示
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-01-01 DOI: 10.1561/114.00000030
Carlton Osakwe, J. Chua, James J. Chrisman
{"title":"Asset Market Equilibrium and Family Firm Cost of Capital: Implications for Corporate Finance","authors":"Carlton Osakwe, J. Chua, James J. Chrisman","doi":"10.1561/114.00000030","DOIUrl":"https://doi.org/10.1561/114.00000030","url":null,"abstract":"","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"8 1","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78615086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Empirical Research on Private Equity Funds: A Review of the Past Decade and Future Research Opportunities 私募股权基金的实证研究:过去十年的回顾与未来的研究机遇
IF 11.3
Review of Corporate Finance Studies Pub Date : 2022-01-01 DOI: 10.1561/114.00000020
Na Dai
{"title":"Empirical Research on Private Equity Funds: A Review of the Past Decade and Future Research Opportunities","authors":"Na Dai","doi":"10.1561/114.00000020","DOIUrl":"https://doi.org/10.1561/114.00000020","url":null,"abstract":"","PeriodicalId":44656,"journal":{"name":"Review of Corporate Finance Studies","volume":"442 1","pages":""},"PeriodicalIF":11.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79563562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
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