Blar i Publikasjoner fra CRIStin - BI på tidsskrift "Journal of Empirical Finance"

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    • CEO Dividend Protection 

      Zhang, Danielle (Journal article; Peer reviewed, 2018)
      This paper studies CEO dividend protection, an important element in the executive compensation package that protect CEOs’ compensation from stock price drops due to dividend payments. First, I show that there is large ...

    • Global political risk and international stock returns 

      Gala, Vito D.; Pagliardi, Giovanni; Zenios, Stavros A. (Peer reviewed; Journal article, 2023)
      Using novel measures of politics-policy uncertainty we document predictable variation in stock market returns across countries. Country characteristics and existing global and local risk factors do not account for such ...

    • Managerial Overconfidence and the Buyback Anomaly 

      Andreou, Panayiotis; Cooper, Ilan; Garcia de Olalla Lopez, Ignacio; Louca, Christodoulos (Journal article; Peer reviewed, 2018)
      While positive, long-run abnormal returns following share repurchase announcements are substantially lower when CEOs are overconfident. This effect is particularly strong for (i) difficult to value firms, such as small, ...

    • The bank-sovereign nexus: Evidence from a non-bailout episode 

      Caporin, Massimiliano; Natvik, Gisle James; Ravazzolo, Francesco; Santucci de Magistris, Paolo (Journal article; Peer reviewed, 2019)
      We explore the interplay between sovereign and bank credit risk in a setting where Danish authorities first let two Danish banks default and then left the country’s largest bank, Danske Bank, to recapitalize privately. We ...