That's Interesting

  • Fortunate Timing: Scheduled Insider Trades, Earnings News, and Spin

    In a sample of scheduled (10b5-1 transactions) routine sales by insiders that occur between 2015 and 2020, we find evidence of an increased incidence of favorable earnings-related news occurring in the weeks leading up to large sale transactions (greater than $1 million).

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  • Buy Now Pay (Pain?) Later

    “Buy Now Pay Later” (BNPL) is a largely unregulated FinTech innovation that provides consumers with easy access to credit for specific retail purchases. The BNPL market is projected to reach $1 trillion by 2025, but what effect does it have on consumers’ financial health.

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  • Skin in the Game: Operating Growth, Firm Performance, and Future Stock Returns

    Prior research documents that asset growth is negatively associated with future firm performance. In contrast, this article shows that growth financed by product market stakeholders (i.e., “operating growth”) is positively associated with future firm performance.

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  • Does media coverage affect credit rating change decisions?

    An examination on whether media coverage affects credit rating change decisions by analyzing 732,426 newspaper items published by top U.S. media outlets on S&P 1500 firms.

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  • How orange juice took over the breakfast table

    Orange juice used to be a treat you had to squeeze out yourself. More than a century ago, an overproduction of oranges helped create the morning staple we know and love.

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  • How to enjoy your retirement

    Coinciding with 30 years of compulsory superannuation, the start of a new financial year and the introduction of the Retirement Income Covenant, Firstlinks surveyed its readers to find out how they spend their retirement.

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  • A Wikipedia Narration of the GameStop Short Squeeze

    This paper examines the usefulness of Wikipedia pageviews as indicator of the performance of stock prices. An examination is conducted on the GameStop (GME) case, which drew the investors’ and scholars’ attention in 2021 due to the short squeeze, and its skyrocketing price increase since 2021.

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  • The Great Carbon Arbitrage

    This article measures the gains from phasing out coal as the social cost of carbon times the quantity of avoided emissions.

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  • A hidden hand in corporate lobbying

    An investigation into the role of institutional investors in firms’ lobbying activities, noting that firms with greater lobbying institutional ownership, lobby more.

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  • Chasing dividends during the COVID-19 pandemic

    This paper investigates the impact of the coronavirus disease 2019 pandemic on investors’ trading behaviors around ex-dividend dates in Europe.

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