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

Cannabis dispensaries may help nearby spkl.io/60147ksPm research finds that dispensary openings increase customer traffic and revenue at neighboring retailers, especially in walkable areas. spkl.io/60177ksPU #Cannabis #Retail

This paper shows that a single dominant #PCA factor can emerge from the interaction of multiple nonlinear #economic forces. Suggests that commonly used factor models may conceal a richer underlying economic structure than they appear to capture. spkl.io/60197ksK9

This paper uses blockchain data to study runs on cryptocurrency exchanges. The biggest withdrawals occur when events threaten custody of customer assets, with insolvencies triggering net outflows of about 17% of balances. spkl.io/60107ks8K #Crypto #Blockchain

This @AmULRev article argues that #Black & unionized workers are targeted by two external forces: efforts to weaken anti-racism initiatives through anti-DEI narratives & actions aimed at limiting #union organizing. Read: spkl.io/60147kMtG Subscribe: spkl.io/60167kMty

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This paper finds that #Bitcoin market information alone does not consistently improve #gold-price forecasts. Measuring relative trading activity between Bitcoin and gold significantly improves prediction performance across multiple machine-learning models. spkl.io/60167kTM4

This paper combines reinforcement learning & lifecycle-#finance theory to study optimal investing when future labor income is uncertain. The results show that both consumption and risky #asset allocations should generally decline as retirement approaches. spkl.io/60157kTR1

Hidden debt can change everything. This paper finds that Senegal's debt audit significantly altered its sovereign-risk outlook, moving the country closer to the default boundary. spkl.io/60107kTVq #DebtSustainability

This paper argues that taxpayers may face a due-process problem when eligibility for the Section 30D clean-vehicle tax credit depends on a dealer filing that the taxpayer cannot control or cure. spkl.io/60137kTw1 #TaxLaw

This paper challenges the idea that short-term #investor pressure is always harmful. Using a #mutualfund disclosure reform, finds that greater institutional scrutiny is associated with strategic scope expansion, improved profitability, & higher firm value. spkl.io/60117kTsv

ESG is becoming part of executive pay, but mostly in the short term. New research finds growing use of ESG-linked compensation alongside significant gaps in long-term incentive design. spkl.io/60167kTE0 #ExecutiveCompensation

This paper revisits whether technical stock-price patterns can generate profitable investment strategies. The study contributes to the longstanding debate over how much information is embedded in historical price movements. spkl.io/60157krCF #Investing #QuantFinance

This paper finds that peer-to-peer #insurance pools may underperform because low-risk participants contribute less than is socially optimal. The result is weaker risk sharing and lower welfare than could be achieved under coordinated allocation. spkl.io/60147krfy #FinTech

Trade credit isn't just delayed payment. New research shows it can transfer liquidity and risk between firms, acting as either insurance or contagion within supply chains. spkl.io/60177krIN #Finance

This paper argues that life-insurer markups on annuities are driven primarily by hedging costs, solvency risks, and regulatory capital requirements, rather than by adverse selection alone. spkl.io/60127krvw #Insurance #Retirement

This paper argues that COMI (Center of Main Interests), a cornerstone of cross-border insolvency law, has failed to reduce litigation, prevent forum shopping, or consistently maximize value for creditors. spkl.io/60187k3zs #Bankruptcy #CorporateLaw

Machine learning is becoming a core tool in modern asset pricing. A new survey reviews how #ML and #LLMs are improving return prediction, factor discovery, and portfolio construction. spkl.io/60157k313 #QuantFinance

This paper on #Polymarket's 2024 U.S. election market finds that standard volume measures can substantially overstate trading activity. Finds evidence of capital flowing to both sides of the market, consistent with differing beliefs. spkl.io/60177kM7z

AI could make cash management smarter, but also less spkl.io/60107kMIq research suggests that reducing investor inattention may improve competition while increasing the risk of large fund outflows. spkl.io/60127kMIs #FinTech

This article argues that new #scholarship trying to revive the idea of “general law” (unwritten norms courts can discover) runs into a major problem when that general #law is #commonlaw. Read: spkl.io/60137XmDF Subscribe: spkl.io/60177XmDf @LSELaw