1830 papers
This paper utilizes plausibly exogenous variation in Washington's recreational cannabis market to demonstrate that new retail entry significantly reduces incumbent variable profits primarily by decreasing sales quantities rather than prices, with the most pronounced effects occurring in jurisdictions where regulatory caps had previously constrained competition.
This paper argues that creditors, rather than shareholders, are the structurally positioned guardians against workforce collapse due to their concave risk exposure, and proposes replacing reactive financial covenants with proactive "well-being covenants" that trigger remediation based on operational indicators to prevent the austerity measures that currently exacerbate the very risks threatening debt repayment.
Using a difference-in-differences approach on Korean manufacturing data, this study finds that the 2022 Serious Accident Punishment Act, which imposes criminal liability on officers of firms with 50+ employees, caused a transitory dip in radical innovation among covered firms during the enactment window without evidence of a permanent level shift or subsequent recovery beyond their pre-existing trend.
This study finds that increased provision pressure following the implementation of the CECL standard is systematically associated with larger Black-White mortgage denial disparities, particularly among large banks and in nonpurchase lending channels, suggesting that expected-loss provisioning influences the distribution of mortgage credit.
This paper analyzes the 2026 run on semi-liquid private credit funds to demonstrate that redemption gates do not discipline investors or reflect underlying asset distress, but instead merely queue redemption demand by triggering a sharp increase in requests when prorations are announced.
This paper proposes and applies a Linkage-Based Mineral Prioritisation Framework to Ghana's salt sector, demonstrating that evaluating extractives through production, income, and employment linkages—rather than solely export earnings—reveals significant untapped potential for inclusive development and resource-based industrialization.
This paper analyzes European regional patenting data to reveal that business research effort is the primary driver of innovation, while highlighting that regional innovative capacity is highly immobile over time and that uniform policy prescriptions are ineffective because the determinants of patenting vary significantly across distinct regional innovation profiles.
This paper challenges the prevailing assumption that institutional uncertainty drives AI governance preparedness by demonstrating, through a regression analysis of 23 Latin American and Central-Eastern European countries, that no statistically significant relationship exists between the two, suggesting instead that readiness indices may reflect globally legitimated templates rather than locally calibrated risk responses.
This empirical study analyzes the 2026 Indian IPO market to demonstrate that while Mainboard offerings mobilized more capital and showed slightly higher positive listing rates than SME issues, subscription metrics alone are insufficient for investment decisions, necessitating a two-stage framework that integrates primary bidding behavior with secondary bid-ask dynamics.
This paper introduces a flexible cause-specific smooth transition hazard model to distinguish between voluntary and involuntary stock exchange delistings, applying it to Bursa Malaysia data to reveal distinct risk factors and timing patterns for each exit type while highlighting significant estimation challenges and test size distortions through simulation.