Albert Banal-Estañol, Melissa Newham, and Jo Seldeslachts provide evidence on the impact of common ownership on generic drug entry in US pharmaceutical markets.
Bing Guo, David Pérez-Castrillo, and Anna Toldrà-Simats contribute to the understanding of the effects of analyst coverage on firms’ innovation strategy and outcome by isolating the information effect from the pressure effect.
Hugo Rodríguez shows how narrow banking could be implemented without affecting intermediation by depository institutions.
Özlem Akin, Nicholas S. Coleman, Christian Fons-Rosen and José-Luis Peydró use insider trading data to determine whether political connections led to private information flows from regulators to bankers before bank-specific TARP bailout decisions were made public.
Mircea Epure and Martí Guasch identify the possible mechanisms underneath investors’ assessments of a start-up’s future potential.
Joachim Jungherr shows that the socially desirable level of bank transparency trades off market discipline with a stabilizing role of the Hirshleifer effect.