1815 papers
This paper finds that while fiscal rules effectively mitigate election-induced fiscal deterioration in Western EU member states, their success in Central and Eastern Europe is contingent upon high domestic institutional quality, particularly regarding the rule of law, corruption control, and democratic accountability.
The paper proposes the Weighted Reward Allocation Mechanism (WRAM), a budget-constrained reward scheme that dynamically distributes a committed pool based on item weights to effectively coordinate multi-item contributions and outperform fixed-payment alternatives in both budget certainty and total contribution value.
This paper analyzes 16 years of Nifty-50 index option data to demonstrate that net buying pressure, liquidity, and systemic shocks affect the symmetric and directional components of implied volatility differently for calls versus puts, revealing distinct pricing mechanisms in India's retail-dominated market.
Using a comprehensive dataset of Italian unlisted firms, this paper provides within-firm evidence that asset tangibility significantly influences debt maturity composition, revealing that maturity matching holds across different firm regimes and that regulatory certification primarily selects firms with specific balance sheet characteristics rather than shaping them.
Using a comprehensive dataset of Italian unlisted firms from 2015 to 2024, this paper demonstrates that public contributions partially substitute for private investment rather than fully crowding it in, with effects driven primarily by the magnitude of funding rather than the mere receipt of support.
Using a 193-country panel from 2010–2023, this study demonstrates that the post-COVID period triggered a persistent, statistically significant shift in global health financing characterized by a sharp rise in government health spending per capita and a relative decline in out-of-pocket shares—particularly in high-income nations—rather than a mere transient spike or pre-existing trend.
This study finds no statistically significant evidence that Ogallala Aquifer depletion has directly reduced employment, wages, or income across 49 West Texas counties between 2000 and 2024, suggesting that sectoral adjustments and technological adaptations may be masking the aquifer's economic stress in aggregate data, though the analysis lacks the power to rule out smaller, consequential effects.
This study demonstrates that digital transformation significantly reduces bank loan costs in Vietnam's emerging market by enhancing transparency and risk management, with the most pronounced benefits observed among large and state-owned banks due to their superior resources and infrastructure.
This study of Egyptian listed firms demonstrates that accounting earnings do not automatically translate into shareholder wealth, revealing that misaligned profit allocation—whether through unjustified retention or unsustainable distributions—reduces firm value, whereas transparency and governance can mitigate these costs by distinguishing productive retention from excessive payouts.
Based on a 19-year panel study of 114 financial firms across the LSE, NYSE, and SSE, this paper demonstrates that disaggregated ESG practices, particularly environmental and social dimensions, are significantly and positively associated with financial performance metrics like ROE, suggesting that ESG integration offers strategic competitive advantages beyond mere compliance.