We study the temporal behavior of the cross-sectional distribution of assets' market exposure, or betas, using a large panel of high-frequency returns. The asymptotic setup has the sampling frequency of returns increasing to infinity, while the time span of the data remains fixed, and the...

This paper bridges port governance and stakeholder theory to contribute to new understandings of changed stakeholder relations due to the building of new container terminals. The case of the newly inaugurated very large high-tech container terminal commissioned to and developed and operated by...

Public-private partnerships (PPPs) hold great promise for improving public services for the poor in emerging markets. But charting the political waters, balancing the needs of governments, consumers, investors, and lenders, and making the transaction transparent and sustainable are challenging...

We introduce a new dataset on British exports at the bilateral, commodity-level from 1700 to 1899. We then pit two primary determinants of bilateral trade against one another: the trade-diminishing effects of distance versus the trade-enhancing effects of the British Empire. We find that the...