In respect to racial discrimination in lending, we introduce global Shapley value and Shapley-Lorenz explainable AI methods to attain algorithmic justice. Using 157,269 loan applications during 2017 in New York, we confirm that these methods, consistent with the parameters of a logistic...

This study examines if and how does venture capital's experience, as measured by venture capital age, specialization and historical investment influence post-IPO performance and growth of firms. We find that venture capital experience has significant positive effects on long-run performance...

We test for the performance of a series of volatility forecasting models (GARCH 1,1; EGARCH 1,1; CGARCH) in the context of several indices from the two oldest cross-border exchanges (Euronext; OMX). Our findings overall indicate that the EGARCH (1,1) model outperforms the other two, both before...

We examine the predilection for private bonds over bank financing (debt structure) for emerging markets within the frameworks of both transaction cost economics and a transparency explanation, emphasizing the distinction between public monitoring (bonds) and private monitoring (banks), as well...