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FCSD
Finnish Central Securities Depository (FCSD)
US Census
The Census Bureau's mission is to serve as the nation’s leading provider of quality data about its people and economy. Our goal is to provide the best mix of timeliness, relevancy, quality and cost for the data we collect ...
Assekurata
Assekurata ist die erste deutsche Ratingagentur, die sich auf die Qualitätsbeurteilung von Versicherungsunternehmen aus Kundensicht spezialisiert hat.
The salience of ESG ratings for stock pricing: Evidence from (potentially) confused investors
(2021-10-08)
We exploit a modification to Sustainalytics' environmental, social, and governance (ESG) rating methodology, which is subsequently adopted by Morningstar, to study whether ESG ratings are salient for stock pricing. We show ...
Impact of public news sentiment on stock market index return and volatility
(2021-10-11)
Recent advances in natural language processing have contributed to the development of market sentiment measures through text content analysis in news providers and social media. The effectiveness of these sentiment variables ...
Expl(AI)ned: The impact of explainable artificial intelligence on cognitive processes
(2021-06-25)
This paper explores the interplay of feature-based explainable AI (XAI) techniques, information processing, and human beliefs. Using a novel experimental protocol, we study the impact of providing users with explanations ...
The carrot and the stick: Bank bailouts and the disciplining role of board appointments
(2021-07-08)
We empirically examine the Capital Purchase Program (CPP) used by the US government to bail out distressed banks with equity infusions during the Great Recession. We find strong evidence that a feature of the CPP - the ...
Incentives, self-selection, and coordination of motivated agents for the production of social goods
(2021-07-24)
We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated agents to produce a social good. Agents join teams where they allocate effort to either generate ...
The Value of Firm Networks: A Natural Experiment on Board Connections
(2021-08-03)
We present causal evidence on the effect of boardroom networks on firm value and compensation policies. We exploit a ban on interlocking directorates of Italian financial and insurance companies as exogenous variation and ...