Bank failure prediction is a popular topic that requires highly accurate results. We contribute to the literature by determining whether models based on the crisis data are suitable for predicting bank failure during a stable period and which predictors can be held for long-term forecasting. In...

We find that newly public firms run by financial expert CEOs have a lower probability of involuntary delisting and a longer survival time. We attribute this finding to the fact that CEOs with a career background in finance gain better access to the primary equity market, as evidenced by a more...

Using a text-based measure as a proxy for a firm’s geographically concentrated business interests, we document that geographic concentration reduces the probability of failure risk for newly listed firms. We find that the effect is more pronounced in soft information environments, and in small...

The study examines the effect of earnings management by classification shifting on firm success, focusing on the survival of newly listed firms. We argue that shifting income-decreasing expenses from core to special items should negatively associate with future operating performance because of...

We use the theoretical framework of Acharya and Naqvi (2019) to introduce a macro-financial model where the “reaching for yield” incentivized by a loosening monetary poli-cy in the United States mitigates the diabolic loop in a Monetary Union. We provide em-pirical evidence that the...

This study explores the effect of directors' political contributions on IPOs' valuation and subsequent performance. We find that individual contributions by directors bring significant benefits to the IPO firms. Specifically, we show that political contributions of board members, particularly...