Source Themes

Institutional Monitoring and Litigation Risk: Evidence from Employee Disputes

In this article, we investigate how institutional investors help mitigate business-related risks in a corporate environment. Using a large sample of employment disputes, litigations, and court cases, we find that institutional investors play a significant role in reducing employment litigation.

Trends in Financial Innovation: Evidence from Fintech Firms

In this study, we investigate financial technology firms and innovation.

Product recalls, lobbying, and firm value

The paper uses a unique, hand-collected data set of Food and Drug Administration (FDA)-approved products to understand the effect of lobbying on the product market. The authors gather total 86,462 FDA labels including drug patents, drugs, pre-market approvals and medical devices and test the relationship between lobbying and future firms’ product submissions.

Modeling credit risk in credit unions using survival analysis

This paper investigates the factors that affect credit risk using survival analysis by employing two primary models – the AFT model and the Cox proportional hazard (PH) model. While several studies employ the Cox PH model, few use the AFT model. However, this paper concludes that the AFT model has superior predictive qualities.

When and why firms issue sukuk?

The purpose of this paper is to analyze whether investors perceive the issuance of sukuk differently than they do in case of conventional bonds.