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Entrepreneurial finance in an extended period of crises Small Bus. Econ. (IF 6.5) Pub Date : 2025-02-11 Alexander Peter Groh, Christina Guenther, Denis Schweizer, Silvio Vismara
Recent global crises, such as the COVID-19 pandemic, severe supply chain disruptions, and ongoing geopolitical tensions, have profoundly reshaped the entrepreneurial and financial landscapes. This Special Issue of the Small Business Economics Journal explores these transformations. Key insights include the impact of unconventional monetary policy on SME financing, the success factors of bailout programs
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Dynamic Gains from Trade Agreements with Intellectual Property Provisions Journal of Political Economy (IF 6.9) Pub Date : 2025-02-07 Ana Maria Santacreu
Journal of Political Economy, Ahead of Print.
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Labor Market Returns to Personality: A Job Search Approach to Understanding Gender Gaps Journal of Political Economy (IF 6.9) Pub Date : 2025-02-07 Christopher J. Flinn, Petra E. Todd, Weilong Zhang
Journal of Political Economy, Ahead of Print.
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The real and financial effects of internal liquidity: Evidence from the Tax Cuts and Jobs Act J. Financ. Econ. (IF 10.4) Pub Date : 2025-02-08 James F. Albertus, Brent Glover, Oliver Levine
The Tax Cuts and Jobs Act unlocked as much as $1.7 trillion of U.S. multinationals’ foreign cash. We examine the real and financial response to this liquidity shock and find that firms did not increase capital expenditures, employment, R&D, or M&A, regardless of financial constraints. On the financial side, firms paid out only about one-third of the new liquidity to shareholders and retained half as
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Examining the impact of adaptive financial strategies on SME performance: insights from the COVID-19 pandemic Small Bus. Econ. (IF 6.5) Pub Date : 2025-02-07 Simon Raby, Reza H. Chowdhury
Smaller businesses are notably sensitive to fluctuations in their external operating environment. Characterized as a “liability of volatility,” this inherent susceptibility can result in a lack of adequate resources, including financial reserves, to withstand unforeseen challenges. However, small businesses possess the capability to respond with greater flexibility, as their leaders make resource allocation
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Founder gender and firm exit routes: The mediating roles of firm size and VC financing Small Bus. Econ. (IF 6.5) Pub Date : 2025-02-07 R. Isil Yavuz, Sonal Kumar, Leila Zbib, Peter Nigro
It is well established that founder gender affects starting and managing new ventures, but its impact on firm exits is less understood. Following an in-depth exploration of the gendered experience of entrepreneurship through the lenses of liberal feminist and social feminist theories, this study argues that female entrepreneurs are less likely to achieve positive exits through mergers and acquisitions
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Organizing Modular Production Journal of Political Economy (IF 6.9) Pub Date : 2025-02-05 Niko Matouschek, Michael Powell, Bryony Reich
Journal of Political Economy, Ahead of Print.
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The impact of geopolitical risks on the renewable energy transition Energy Econ. (IF 13.6) Pub Date : 2025-02-04 Zhi-Wen He, Chien-Chiang Lee, Susan Sunila Sharma
Given the frequency of geopolitical events and the urgency of responding to climate change, it is essential to explore the impact of geopolitical risk (GPR) on renewable energy transition (RET). Based on panel data for 41 countries from 2000 to 2021, this paper analyzes the impact and mechanism of GPR on RET. The results show that an increase in GPR accelerates RET across countries, a conclusion that
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Foreign direct investment, technology transfer and the global issuance of green bonds Energy Econ. (IF 13.6) Pub Date : 2025-02-04 Lukas Christnacht, Charilaos Mertzanis
This study examines the effect of foreign direct investment and technology transfer on the issuance of green bonds, utilizing new International Monetary Fund data for sixty-seven countries from 2000 to 2022. Our findings show that countries promoting foreign direct investment-based technology transfers experience increased growth in green bond issuance, highlighting the connection between industrial
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Generative AI at Work Q. J. Econ. (IF 11.1) Pub Date : 2025-02-04 Erik Brynjolfsson, Danielle Li, Lindsey Raymond
We study the staggered introduction of a generative AI–based conversational assistant using data from 5,172 customer-support agents. Access to AI assistance increases worker productivity, as measured by issues resolved per hour, by 15% on average, with substantial heterogeneity across workers. The effects vary significantly across different agents. Less experienced and lower-skilled workers improve
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Race to the Bottom: Competition and Quality in Science Q. J. Econ. (IF 11.1) Pub Date : 2025-02-04 Ryan Hill, Carolyn Stein
This paper investigates how competition to publish first and thereby establish priority impacts the quality of scientific research. We begin by developing a model where scientists decide whether and how long to work on a given project. When deciding how long they should let their projects mature, scientists trade off the marginal benefit of higher quality research against the marginal risk of being
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Pre-entry experience, knowledge inheritance, and entrepreneurial resource mobilization Small Bus. Econ. (IF 6.5) Pub Date : 2025-02-03 Vilma Chila, Shivaram V. Devarakonda, Xavier Martin
We study the conditions under which founders’ pre-entry experience in the industry affects the prospects of new ventures mobilizing financial resources. Drawing on signaling theory, we theorize that the signal value of pre-entry experience is contingent on the extent to which new ventures leverage such experience as well as the environmental context in which they operate. Specifically, we argue that
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Income targeting in consumer energy efficiency programs Energy Econ. (IF 13.6) Pub Date : 2025-02-03 Nathan W. Chan, Isla Globus-Harris
Consumer energy efficiency programs are common around the world, and they frequently include some form of income-based targeting, whether intentional or not. In this paper, we ask: What are the environmental and welfare impacts of income-based targeting in consumer energy efficiency programs? To that end, we present a model with high- and low-income consumers, and we analyze how income targeting affects
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The impact of financing structures on the cost of carbon dioxide transport Energy Econ. (IF 13.6) Pub Date : 2025-02-02 Katrin Sievert, Alexandru Stefan Stefanescu, Pauline Oeuvray, Bjarne Steffen
The economic operation of carbon capture and storage (CCS) facilities hinges on the availability of CO2 transport infrastructure, and the financing structure of new transport assets will affect CO2 transport cost. Building on economic studies of infrastructure finance in other sectors, we empirically calibrate the cost of capital and operational efficiency under different financing structures, considering
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The Environmental Kuznets Curve Revisited: A Spatial Panel Model with Heterogeneous Coefficients Energy Econ. (IF 13.6) Pub Date : 2025-02-01 Pierre Schneiter, Shaibu Mellon-Bedi
This paper revisits the Environmental Kuznets Curve (EKC) hypothesis through the lens of spatial econometrics to analyse the relationship between income and emissions of CO, CO2, and CH4 in Swedish municipalities from 2015 to 2021. The study leverages recent developments in spatial econometric methods to relax the homogeneity assumption found in earlier EKC models. The analysis identifies an inverted
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Modelling time-varying volatility spillovers across crises: Evidence from major commodity futures and the US stock market Energy Econ. (IF 13.6) Pub Date : 2025-02-01 Shietal Ramesh, Rand Kwong Yew Low, Robert Faff
Effective risk management requires discernment of volatility interaction patterns across assets. Our study examines the level of interconnectedness amongst nine major commodity futures across precious metals, energy, industrial and agricultural sectors and the US S&P 500 index from 1990 to 2022. Spillover indices are constructed by combining the Time-Varying Parameter (TVP)-Vector Autoregression (VAR)-Stochastic
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Wage Hysteresis and Entitlement Effects: The Persistent Impacts of a Temporary Overtime Policy Q. J. Econ. (IF 11.1) Pub Date : 2025-02-01 Simon Quach
This paper studies the unexpected retraction of a U.S. federal policy in 2016 that would have more than doubled the “overtime exemption threshold” from ${\$}$455 to ${\$}$913 per week and thereby grant overtime protection to an additional 20 percent of salaried workers. Although the policy was blocked by a federal court injunction a week before it was supposed to take effect, I show that it nevertheless
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Matching entrepreneurs with coaches to ignite entrepreneurial learning Small Bus. Econ. (IF 6.5) Pub Date : 2025-01-31 Matthew R. Marvel, Brian D. Webster, Donald F. Kuratko, David B. Audretsch
Entrepreneur coaching is pervasive across startup ecosystems, yet the question remains as to whether the coach-entrepreneur match links to action and venture performance. Our study integrates coaching and entrepreneurial learning research to advance a theoretical logic of knowledge-based situations (between the coach and the entrepreneur) that convert to entrepreneur customer involvement. Drawing on
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Cross-border cannibalization: Spillover effects of wind and solar energy on interconnected European electricity markets Energy Econ. (IF 13.6) Pub Date : 2025-01-31 Clemens Stiewe, Alice Lixuan Xu, Anselm Eicke, Lion Hirth
The average per-MWh revenue, or market value, of wind and solar energy tends to fall with increasing market share, as is now evident across European electricity markets. At the same time, these markets are becoming more interconnected. In this paper, we empirically study cross-border effects on the value of renewable energy: On one hand, interconnection is a flexibility resource that allows to export
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The role of sustainable aviation fuel in CORSIA: An economic analysis Energy Econ. (IF 13.6) Pub Date : 2025-01-31 Changmin Jiang, Yan Liu
Under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), airlines can decarbonize their operations by purchasing either sustainable aviation fuel (SAF) or carbon offset credits. We develop an economic model to compare airlines' profits and social welfare outcomes under different scenarios. We first assume that SAF and offset credits are equal, and then we introduce a SAF
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The dynamic connectedness in the “carbon-energy-green finance” system: The role of climate policy uncertainty and artificial intelligence Energy Econ. (IF 13.6) Pub Date : 2025-01-31 Shaozhou Qi, Lidong Pang, Xinqiang Li, Lin Huang
The shared vision of mitigating carbon emissions in response to climate change has fostered the interconnection among the EU ETS, traditional energy and green finance sectors. This paper employs the time-frequency spillover methods to explore the connectedness within the Carbon-Energy-Green Finance system, from a time-frequency domain perspective. The empirical results indicate limited connectedness
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Financial Inclusion Across the United States J. Financ. Econ. (IF 10.4) Pub Date : 2025-01-31 Motohiro Yogo, Andrew Whitten, Natalie Cox
We study retirement and bank account participation for the universe of U.S. households with a member aged 50 to 59 in the administrative tax data. ZCTA-level average income, income inequality, and racial composition predict retirement account participation for low-income households, conditional on household income and regional price parities. Income inequality also predicts bank account participation
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How the Wealth Was Won: Factor Shares as Market Fundamentals Journal of Political Economy (IF 6.9) Pub Date : 2025-01-29 Daniel L. Greenwald, Martin Lettau, Sydney C. Ludvigson
Journal of Political Economy, Ahead of Print.
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Recent Referees Journal of Political Economy (IF 6.9) Pub Date : 2025-01-29
Journal of Political Economy, Volume 133, Issue 2, February 2025.
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JPE Turnaround Times Journal of Political Economy (IF 6.9) Pub Date : 2025-01-29
Journal of Political Economy, Volume 133, Issue 2, Page 711-711, February 2025.
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2025 Lucas Prize Announcement Journal of Political Economy (IF 6.9) Pub Date : 2025-01-29
Journal of Political Economy, Volume 133, Issue 2, Page 710-710, February 2025.
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Front Matter Journal of Political Economy (IF 6.9) Pub Date : 2025-01-29
Journal of Political Economy, Volume 133, Issue 2, February 2025.
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Detecting the macro drivers in the Australian National Electricity Market asymmetric volatility co-movement Energy Econ. (IF 13.6) Pub Date : 2025-01-30 Chi Keung Marco Lau, Michal Wojewodzki, Xingyu Dai, Qunwei Wang
This study investigated how macro variables (MV) influence electricity price volatility co-movement in Australian deregulated electricity markets between 1 January 2010 and 1 October 2022. We divided realised volatility (RV) into ‘good’ (GV) and ‘bad’ (BV) volatility. Next, we used the DCC-MIDAS-X model to observe the impact of 17 MVs and their six principal components on RV, GV, and BV. The results
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Strategic arbitrage in segmented markets J. Financ. Econ. (IF 10.4) Pub Date : 2025-01-30 Svetlana Bryzgalova, Anna Pavlova, Taisiya Sikorskaya
We propose a model in which arbitrageurs act strategically in markets with entry costs. In a repeated game, arbitrageurs choose to specialize in some markets, which leads to the highest combined profits. We present evidence consistent with our theory from the options market, in which suboptimally unexercised options create arbitrage opportunities for intermediaries. We use transaction-level data to
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Central Bank–Driven Mispricing J. Financ. Econ. (IF 10.4) Pub Date : 2025-01-30 Loriana Pelizzon, Marti G. Subrahmanyam, Davide Tomio
We explore whether Quantitative Easing (QE) negatively affected the functioning of the treasury market. Focusing on the arbitrage between European sovereign bonds and their futures contracts, we show that the scarcity of treasuries created by QE led to a disconnect between the prices of identical assets. We identify three channels: reduced bond market liquidity, increased funding costs in the repo
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Why Do Couples and Singles Save during Retirement? Household Heterogeneity and Its Aggregate Implications Journal of Political Economy (IF 6.9) Pub Date : 2025-01-28 Mariacristina De Nardi, Eric French, John Bailey Jones, Rory McGee
Journal of Political Economy, Ahead of Print.
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Estimating the Technology of Children’s Skill Formation Journal of Political Economy (IF 6.9) Pub Date : 2025-01-28 Francesco Agostinelli, Matthew Wiswall
Journal of Political Economy, Ahead of Print.
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Energy transition metals, clean and dirty energy markets: A quantile-on-quantile risk transmission analysis of market dynamics Energy Econ. (IF 13.6) Pub Date : 2025-01-29 Nadia Arfaoui, David Roubaud, Muhammad A. Naeem
Amidst the imperative to address environmental degradation and realize sustainable development, energy transition metals have emerged as focal points for practitioners and scholars. This study delves into the role of these energy metals and clean energy markets in advancing environmental sustainability against dirty energy markets. Employing quantile-on-quantile risk transmission, the research scrutinizes
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Who pays for the EU Emission Trading System? The risk of shifting tax burden from firm to final consumer Energy Econ. (IF 13.6) Pub Date : 2025-01-29 Elsa Amaddeo, Angela Stefania Bergantino, Cosimo Magazzino
This paper aims to analyze the relationship between the net price of different fuels in the Italian market and European Union emission allowances during Phase 2, 3, and part of Phase 4 (2008–2023), with each energy price considered as the dependent variable. Considering the Emission Trading System as a peculiar European tax regime, the empirical findings show the presence of a cointegrating relationship
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The by-production models for benchmarking Energy Econ. (IF 13.6) Pub Date : 2025-01-29 Derek D. Wang, Peng Hu, Yaoyao Ren
By-production models, as a new class of efficiency estimation models for assessing pollution-generating technologies with undesirable outputs, are becoming increasingly popular in benchmarking studies recently. Yet the performance of these models is not well understood. In this study, we investigate the accuracy of three widely-used by-production models (by-production slacks-based measure or BP-SBM
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Neo-Schumpeterian growth theory: missing entrepreneurs results in incomplete policy advice Small Bus. Econ. (IF 6.5) Pub Date : 2025-01-28 Magnus Henrekson, Dan Johansson
The neo-Schumpeterian growth models, which appeared in the early 1990s, have ostensibly reintroduced the entrepreneur into mainstream growth theory. However, we show that by ignoring genuine uncertainty and by assuming that profits follow an objectively true and ex ante known probability distribution, the entrepreneur is made redundant. Thus, the theory fails to exhaustively explain innovation, the
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Evaluating criticality of strategic metals: Are the Herfindahl–Hirschman Index and usual concentration thresholds still relevant? Energy Econ. (IF 13.6) Pub Date : 2025-01-28 Pauline Bucciarelli, Emmanuel Hache, Valérie Mignon
This paper aims to evaluate the criticality of strategic metals by (i) investigating the validity of the Herfindahl–Hirschman Index (HHI) for assessing the supply risk aspect of criticality and (ii) determining an appropriate threshold for using this indicator in the context of criticality studies. Relying on a large panel of 33 strategic metals over the 1995–2021 period, our findings show that the
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Optimal policy for behavioral financial crises J. Financ. Econ. (IF 10.4) Pub Date : 2025-01-28 Paul Fontanier
Should policymakers adapt their macroprudential and monetary policies when the financial sector is vulnerable to belief-driven boom-bust cycles? I develop a model in which financial intermediaries are subject to collateral constraints, and that features a general class of deviations from rational expectations. I show that distinguishing between the drivers of behavioral biases matters for the precise
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Hidden champions and knowledge spillovers: innovation-enhancing agglomeration effects and niche technology specificity Small Bus. Econ. (IF 6.5) Pub Date : 2025-01-27 Erik E. Lehmann, Julian Schenkenhofer, Silvio Vismara
To achieve market and technology leadership, innovation is essential for niche market leaders. While research suggests that regions benefit economically from a high concentration of niche market leaders, it is still unclear which role locating close to one another plays for their innovation performance. Therefore, we contribute to existing literature that studies external factors of firm-level innovation
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An analysis of electrical storage demand and cost in South Australia Energy Econ. (IF 13.6) Pub Date : 2025-01-27 Bruce Mountain
The State of South Australia (SA) currently has twice as much variable renewable electricity (VRE) as the country (Portugal) with the highest proportion globally. This analysis of the relationship between storage and VRE takes account of the evidence of generators' response to market prices in their dispatch decisions. It finds that increasing VRE penetration to around 90?% of end use consumption will
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Socioeconomic inequality in low-carbon technology adoption Energy Econ. (IF 13.6) Pub Date : 2025-01-27 Andrew Burlinson, Apostolos Davillas, Monica Giulietti
The widespread adoption of low-carbon technologies (LCTs) by residential consumers is a cornerstone of net zero targets worldwide; however, LCT adoption may not be equally distributed across socioeconomic groups. Our paper contributes to the related literature by exploring socioeconomic inequality in LCT adoption and its underlying sources. We exploit nationally representative longitudinal data on
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The impact of artificial intelligence on the energy consumption of corporations: The role of human capital Energy Econ. (IF 13.6) Pub Date : 2025-01-27 Chien-Chiang Lee, Jinyang Zou, Pei-Fen Chen
The rapid development of artificial intelligence (AI) has brought tremendous benefits to corporate development. However, its energy-intensive characteristic has also led to a sharp increase in corporate energy consumption (CEC). Research on how to mitigate the impact of AI on CEC is crucial. This paper utilizes text analysis to collect information on AI development from the annual reports of listed
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Inflation, inequality and financial vulnerability: Monetary vs. fiscal policy in the face of an energy shock Energy Econ. (IF 13.6) Pub Date : 2025-01-25 Samantha Coccia, Alberto Russo
The energy shock caused by the conflict in Ukraine has exacerbated inflation, prompting central banks to respond by raising interest rates. This study uses an agent-based stock-flow consistent (AB-SFC) model to assess the impact of energy shocks, as well as monetary and fiscal policy, on inflation, inequality, and household financial vulnerability. The results show that energy shocks increase nominal
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Risk mitigation in project finance for utility-scale solar PV projects Energy Econ. (IF 13.6) Pub Date : 2025-01-25 Hossein Jadidi, Afshin Firouzi, Mohammad Ali Rastegar, Majid Zandi, Ursula Eicker
This study explores strategies to de-risk renewable energy investments in project finance (PF) deals, primarily focusing on enhancing the prosperity of such deals by mitigating default risk. The success of PF deals is intricately linked to ensuring reliable future revenues, and by addressing default risk, the overall viability of the agreement is significantly improved. The primary objective of this
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Investing in the batteries and vehicles of the future: A view through the stock market Energy Econ. (IF 13.6) Pub Date : 2025-01-25 Michael Plante
A large number of companies operating in the EV and battery supply chain have listed on a U.S. stock exchange in recent years. I compile a unique data set of high-frequency stock returns for those companies and investigate the extent to which an “industry” factor specific to the EV and battery supply chain (an “EV” factor) can explain their returns. Those returns are decomposed into systematic and
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Officer-Involved: The Media Language of Police Killings Q. J. Econ. (IF 11.1) Pub Date : 2025-01-25 Jonathan Moreno-Medina, Aurelie Ouss Patrick Bayer, Bocar A Ba
This paper examines language patterns in US television news coverage of police killings. We first document that the media use semantic structures—such as passive voice, nominalizations, and intransitive verbs—that obscure responsibility more often in cases of police killings than in cases of civilian killings. Through an online experiment, we demonstrate the significance of these semantic differences
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The Impact of Being Denied a Wanted Abortion on Women and Their Children Q. J. Econ. (IF 11.1) Pub Date : 2025-01-25 Juliana Londo?o-Vélez, Estefanía Saravia
This paper examines the impact of denying a wanted abortion on women and children in Colombia using high-quality administrative microdata and credibly exogenous variation in abortion access. Women can seek legal abortions through a tutela, with cases randomly assigned to judges. Female judges are 20 p.p. (32%) less likely to deny abortion cases than male judges, and we use the judge’s sex as an instrument
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Trade Policy Dynamics: Evidence from 60 Years of US-China Trade Journal of Political Economy (IF 6.9) Pub Date : 2025-01-23 George Alessandria, Shafaat Yar Khan, Armen Khederlarian, Kim J. Ruhl, Joseph B. Steinberg
Journal of Political Economy, Ahead of Print.
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Small and vulnerable during crises? Firm size and financing constraint dynamics Small Bus. Econ. (IF 6.5) Pub Date : 2025-01-24 David Heller, Pantelis Karapanagiotis, ?ivind A. Nilsen
This study analyzes the dynamics of financing constraints under changing economic conditions and the role of firm size in this context. Using administrative data from Germany, we quantify financing constraints expressed as the probability that a firm encounters excess demand or excess supply. On average, small- and medium-sized enterprises (SMEs) are indeed more likely than larger firms to face excess
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The volatility puzzle of the beta anomaly J. Financ. Econ. (IF 10.4) Pub Date : 2025-01-24 Pedro Barroso, Andrew Detzel, Paulo Maio
This paper shows that leading theories of the beta anomaly fail to explain the anomaly’s conditional performance. Abnormal returns and Sharpe ratios of betting-against-beta (BAB) factors rise following months with below-median realized volatility, even controlling for mispricing, limits to arbitrage, lottery preferences, analyst disagreement, and sentiment. Moreover, the leverage constraints theory
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ESG: A panacea for market power? J. Financ. Econ. (IF 10.4) Pub Date : 2025-01-24 Philip Bond, Doron Levit
We study the equilibrium effects of the “S” dimension of ESG under imperfect competition. ESG policies are pledges made by firms that constrain managers to treat their stakeholders better than market conditions alone dictate. Moderate policies limit market power and prompt managers to be more competitive; aggressive polices backfire, both for adopting firms and intended beneficiaries. In contrast to
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Population concentration in high-complexity regions within city during the heat wave Camb. J. Reg. Econ. Soc. (IF 5.6) Pub Date : 2025-01-24 Hyoji Choi, Jonghyun Kim, Donghyeon Yu, Bogang Jun
This study investigates the impact of the 2018 summer heat wave on urban mobility in Seoul and the role of economic complexity in the region’s resilience. Analysis of subway and mobile phone data reveals a significant decrease in the floating population during the extreme heat wave, underscoring the thermal vulnerability of urban areas. However, urban regions with higher complexity demonstrate resilience
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Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment Journal of Political Economy (IF 6.9) Pub Date : 2025-01-22 Arvind Krishnamurthy, Wenhao Li
Journal of Political Economy, Ahead of Print.
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The influence of venture capital and university ownership on spin-off’s bank loan access: a synergistic effect Small Bus. Econ. (IF 6.5) Pub Date : 2025-01-23 Nicola Del Sarto, Elisa Bocchialini, Lorenzo Gai, Federica Ielasi
University spin-offs (USOs) often face difficulties obtaining bank loans due to the perceived riskiness of their technologies. This study investigates the role of venture capitalists (VCs) and university ownership in facilitating bank debt for USOs, focusing on their impact on access to long-term financing. Using a fixed-effect panel data model on 1594 Italian USOs between 2012 and 2022, the findings
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Corrigendum to “Government venture capital and innovation performance in alternative energy production: The moderating role of environmental regulation and capital market activity” [Energy Economics Volume 129, January 2024]. Energy Econ. (IF 13.6) Pub Date : 2025-01-23 Qunyang Du, Zhongyuan Li, Min Du, Tianle Yang
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Does geopolitical risk increase carbon emissions and public health risk? Energy Econ. (IF 13.6) Pub Date : 2025-01-23 Sudharshan Reddy Paramati, Md Safiullah, Ugur Soytas
In recent years, geopolitical risk has been on the rise and it has numerous economic consequences. Given that this paper aims to investigate the environmental and public health consequences of geopolitical risk. More specifically, we examine the effect of geopolitical risk on carbon emissions and their combined impact on public health risk. Using data from a sample of 17 countries spanning the period
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Exploring the trade-offs between carbon emissions, income inequality, and poverty: A theoretical and empirical framework Energy Econ. (IF 13.6) Pub Date : 2025-01-23 Esra Alp Co?kun
This study investigates the relationship between income inequality, poverty, and carbon emissions using a balanced panel dataset of 83 countries from 1990 to 2020. Employing panel quantile regression, which provides insights into distributional heterogeneity, the research analyzes both consumption-based and production-based CO2 emissions through the lens of classical economic theories, including Keynes'
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The symbolic dimensions of waterfront regeneration projects: inter-referencing, legitimating strategies and circulating practices in three Latin American megaprojects Camb. J. Reg. Econ. Soc. (IF 5.6) Pub Date : 2025-01-23 Guillermo Jajamovich, Gabriel Silvestre, Isabel Duque Franco
This paper provides a comparative analysis of three symbolic dimensions of waterfront regeneration projects in Latin American cities: the inter-referencing practices alluded to in relation to projects from elsewhere, legitimating strategies that are discursively and materially constructed to present these projects as socially distributive, and subsequent approaches to leverage lessons from these experiences
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Examining the nexus between exporting status and CO2 productivity in Indonesian agri-based manufacturing Energy Econ. (IF 13.6) Pub Date : 2025-01-22 Putriesti Mandasari, Jeff Luckstead
Despite growing concerns over the environmental implications of international trade in emerging economies, the relationship between exporting and carbon footprint remains underexplored. Utilizing plant-level data from Indonesia from 2009 to 2015, this study contributes to the firm-level literature examining the environmental consequences of exporting. Relying on a two-step Generalized Method of Moments
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Macroeconomic and sectoral effects of natural gas price: Policy insights from a macroeconometric model Energy Econ. (IF 13.6) Pub Date : 2025-01-22 Fakhri J. Hasanov, Muhammad Javid, Jeyhun I. Mikayilov, Rami Shabaneh, Abdulelah Darandary, Ryan Alyamani
Saudi Arabia has been implementing domestic energy price reforms to rationalize energy consumption and enhance the overall efficiency of its energy system. Since energy makes up one of the most significant building blocks in Saudi Arabia's economy, reforms in the energy sector will have implications on macroeconomic and sectoral developments. Natural gas played a key role in the Kingdom's industrial