This study examines how monetary policy uncertainty (MPU) affects corporate cash holdings, short-term credit financing, and dividend payout ratios using a quarterly panel of S&P 500 firms from 2008 to 2023. Four MPU measures are employed — market-based, news-based, orthogonalized monetary policy surprises, and FOMC Dis...
This paper investigates how economic policy uncertainty (EPU) shapes firm-level corporate financial decisions across 18 countries. Amid rising global policy volatility, we examine whether and how uncertainty affects key corporate choices: investments, share issuance, payouts, and cash holdings, and whether country- and...
M. Dolinsky, A. Naranjo· Risk Governance and Control...· 0 citations
This study aims to examine the impact of economic uncertainty on bank credit growth globally. Specifically, it analyzes how heightened uncertainty impedes credit activities through three primary monetary policy transmission channels: credit supply, credit demand and notably, the asset price channel.
The rese...
D. Le· Studies in Economics and Fin...· 0 citations
Financial asset disclosure laws are widely implemented to combat conflicts of interest among policymakers, yet their economic impact remains poorly understood. This study provides the first comprehensive analysis of how these transparency measures affect macroeconomic outcomes across the 50 US states. We theorize tha...
J. Kirkland, Patrick E. Shea· Regulation & Governance· 0 citations
Two arguments in the literature bear on how accounting information should be priced in emerging markets. The first holds that where enforcement of financial reporting is weak, investors favour book value over earnings because book value depends less on managerial judgement. The second holds that value relevance falls w...
P. Nguyen, Thanh Thi Le Nguyen, Anh Thị Hoàng Nguyễn et al.· Journal of Risk and Financia...· 0 citations
Trade policy uncertainty has moved from the periphery to the centre of international economics over the past decade, driven by episodes including Brexit, the US–China tariff conflict, and the weakening of multilateral trade governance. While a substantial literature now documents the effects of trade policy uncertainty...
Muhammad Shoaib, S. Shah, Parth Chudasama· Journal of Management Resear...· 0 citations
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