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In this study, we extend the standard economic model of suicide by considering a new influential factor driving the … relationship between stock market returns and the percentage increase in suicide rates. Trends in male and female suicide are … potential to implement pro-active suicide prevention strategies for those who could be affected by the vagaries of the market …
Persistent link: https://www.econbiz.de/10012851877
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Firms with high levels of organization capital, a firm-specific production factor provided by key employees, are known to be risky and earn high stock returns. We argue that fragility of organization capital -- its sensitivity to potential disruptions -- is an independently important determinant...
Persistent link: https://www.econbiz.de/10012936879
This short paper identifies an insidious pattern in the United States (US) pharmaceutical industry: while drug prices are skyrocketing, insurers are perfectly shielding patients from higher costs at the pharmacy checkout, letting patients live in a "bubble" of price insulation. As drug prices...
Persistent link: https://www.econbiz.de/10014347941
We investigate how risky health behaviors and self-reported health vary with the Dow Jones Industrial Average (DJIA) and during stock market crashes. Because stock market indices are leading indicators of economic performance, this research contributes to our understanding of the macro-economic...
Persistent link: https://www.econbiz.de/10013007726
The COVID-19 pandemic has challenged the notion that cryptocurrencies are uncorrelated with traditional asset markets. This study uses VAR-OLS techniques to investigate the time-varying correlation between Bitcoin and three major European stock market indices from January 4, 2016, to February...
Persistent link: https://www.econbiz.de/10014445351
The "three-child policy" is a unique population policy in China. Previous studies have shown that demographic policies are related to the performance of related stocks and affect economic development. I studied the impact of the introduction of the "three- child policy" on the stock performance...
Persistent link: https://www.econbiz.de/10014256363
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Our simple model features agents heterogeneous in skill and risk aversion, incomplete financial markets, and redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion sufficiently low. Under heavier taxation, entrepreneurs are more...
Persistent link: https://www.econbiz.de/10012970829
In this paper, we construct a novel measure of nepotism and explore its implications for firm value. We document that 35% of U.S. public firms employ relatives in top jobs. Using our measure, we show that nepotism decreases firm value: high-nepotism stocks underperform low-nepotism stocks by...
Persistent link: https://www.econbiz.de/10012903304