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SSRN is giving authors more control over how their work is shared. By the end of July, SSRN's submission process will include a range of licensing options, giving authors greater control over how their research is shared and reused. Read more: spkl.io/60187JrxA #SSRN
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This paper examines whether recent political and judicial developments amount to a constitutional revolution in the United States, comparing the current era with transformations such as the New Deal and Civil Rights Revolution. spkl.io/60167T9h8 #ConstitutionalLaw #Politics
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New research finds that the expansion of 0DTE SPX options reduced the cost of equity tail protection, with investors increasingly concentrating put purchases in contracts expiring within 0-2 days. spkl.io/60127TgLM #Options #Volatility
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This paper finds that industries receiving private equity investment tend to experience faster productivity and employment growth, with little evidence that they become more vulnerable to aggregate economic shocks. spkl.io/60187TgvY #PrivateEquity #Finance
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This paper finds a "competence penalty" associated with AI use. Software engineers using a generative AI coding tool received lower competence ratings for identical work, helping explain slower technology adoption. spkl.io/60137TgqB #AI #FutureOfWork
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This paper argues that #law should distinguish between natural persons & organised #agents not simply between private and public actors. Proposes that autonomy is the proper presumption for individuals, accountability should be the starting point for orgs. spkl.io/60107Tgis
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This paper argues that permissionless blockchains offer operational, financial, and competitive advantages over permissioned networks, while avoiding many of the concentration risks associated with traditional financial infrastructure. spkl.io/60157TgBc #Blockchain #Crypto
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This paper separates the effects of clustering and trading models in statistical arbitrage, showing that clustering both adds alpha and reduces portfolio volatility by 28% to 42%. spkl.io/60177TgyS #QuantFinance #MachineLearning
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Check out the latest article by William Clune, "Reforming Public Security in Brazil: Federal Coordination and Institutional Change," now available on @SSRN. Read the article: buff.ly/pmbI1Gf. #FridayReads
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This paper shows that both shareholder stewardship and policy advocacy can help address global externalities, but their effectiveness depends on political constraints and the feasibility of regulation across countries. spkl.io/60137Tg37 #ESG #CorporateGovernance
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This paper finds that low-leverage Korean firms with higher accounts-payable exposure are more likely to increase financial leverage in subsequent years, suggesting trade-credit usage contains information about future financing decisions. spkl.io/60127Tgp2 #CapitalStructure
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This paper finds same-weekday momentum in China's A-share market: stocks' returns are positively related to their returns on the same weekday in prior weeks, with the effect strongest on Mondays and Fridays. spkl.io/60187Tgbw #ChinaMarkets #AssetPricing
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This paper uses an autonomous #LLM replication pipeline to test published #finance results. While 75% of findings replicate in the original sample, only 42% remain significant out of sample, highlighting a large gap between reproducibility and persistence. spkl.io/60117T5Az
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This paper suggests that social norms alone may not be enough to prevent misconduct by public officials. Stronger enforcement reduces misuse of non-public information and helps sustain broader norms of integrity. spkl.io/60187T5L8 #Governance #Corruption
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This paper finds that Republicans adopt #rooftopsolar less frequently than Democrats in the same ZIP code and year. The evidence suggests that #socialimage and political identity play a larger role than financial returns or #environmental impact. spkl.io/60157Ti0t
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This paper compares peak charges and direct load control as tools for managing electricity-grid congestion. Peak charges can improve efficiency, while direct load control appears more robust to uncertainty and consumer behavior. spkl.io/60187T5qK #EnergyTransition
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This paper proves support, invariance for reversible-jump/tempered sampling, posterior concentration under non-i.i.d. likelihoods, & consistent partition recovery when clusters are well separated. Read: spkl.io/60177Tirc Subscribe: spkl.io/60127Tiro
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This paper finds that legalizing non-CPA ownership of accounting firms is associated with an 11.3% increase in new business creation, suggesting broader economic benefits from accounting-industry deregulation. spkl.io/60197T5Eb #Entrepreneurship #Accounting
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This paper challenges the idea that Japanese capital repatriation can be inferred from aggregate flows alone. Different investor groups often move in opposite directions, causing substantial activity to cancel out in aggregate data. spkl.io/60177TeA5 #Japan #CapitalFlows
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This paper finds that differences in how firms respond to macroeconomic shocks can be traced to observable business characteristics and risk exposures reflected in firms' own disclosures. spkl.io/60177Texx #Macroeconomics #Finance
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This paper develops a practical framework for implementing the EU Corporate Sustainability Due Diligence Directive (CSDDD), translating human rights and environmental obligations into actionable risk-management processes. spkl.io/60197Teqc #CSDDD #Sustainability
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