SSRN

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

SSRN is temporarily unavailable. Some or all services are currently unavailable while this work is completed. We apologize for the inconvenience and are working to restore access as soon as possible. For updates, contact SSRN Support: spkl.io/60127kABy

This paper argues that #AI may replace a firm's traditional span of control constraint with a new one: span of evaluation. As AI takes over execution, the key bottleneck becomes human capacity to review, judge, and remain accountable for decisions. spkl.io/60107k22Y

This paper proposes FirstSwap, a decentralized exchange design that gives #traders execution guarantees before #blockchain consensus is finalized. Aims to reduce strategic delays and limit the influence of #block producers on trade execution. spkl.io/60107k2U0

This paper explains why #exchangerate regimes can appear “neutral” for real #macro outcomes: exporters use micro-level pricing & markup/cost adjustments to absorb exchange-rate movements. Read: spkl.io/60177kMt7 Subscribe: spkl.io/60117kMQB

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

SSRN is temporarily unavailable Some or all services are currently unavailable while this work is completed. We apologize for the inconvenience and are working to restore access as soon as possible. For updates, contact SSRN Support: spkl.io/60187kYBn

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