I introduce two dimensions of uncertainty, about the upside and the downside of an asset, in
a model of asset valuation under asymmetric information. This justifies capital structures with …

According to existing theories, short-term creditors promote corporate governance by
responding quickly to new information. I show that this very feature of short-term debt can …

This paper studies how proxy advice affects corporate decision-making when shareholders
can vote and trade. Because proxy advice correlates shareholders' votes, it is informative …

We provide an equilibrium analysis investigating efficiency differences between private and
public firms' information generation strategies, emphasizing public firms' unique ability to …

Initial purchase positions by skilled fund managers in a firm signal their conviction not only in
the firm but also in its industry, making industry valuation more informative. Upon observing …

Commodity futures, a type of financial innovation that has been widely traded in the real
sector since the 19th century, have long been deemed as tools to improve risk management …

This research purposes to explore and develop advanced metaheuristic methods to
optimize machine learning unambiguously in ''Macro-Economic Factors''(MEFs) price …

En el contexto actual caracterizado por la era pospandémica, plagada de incertidumbre por
el conflicto bélico entre Rusia y Ucrania, donde coexisten bajos ritmos de crecimiento y …

This paper studies how public information, such as proxy advice, affects shareholder voting
and, thus, corporate decision-making. Although public information improves the voting …