Presidential address: Does finance benefit society?

L Zingales - The Journal of Finance, 2015 - Wiley Online Library
Academics' view of the benefits of finance vastly exceeds societal perception. This
dissonance is at least partly explained by an underappreciation by academia of how, without …

The noxious consequences of innovation: what do we know?

G Biggi, E Giuliani - The Dark Side of Innovation, 2022 - taylorfrancis.com
In spite of being considered an undisputed engine of growth, innovation can have noxious
consequences for society and the environment. Using bibliometric techniques (ie …

[图书][B] Financialization and local statecraft

A Pike - 2023 - books.google.com
The UK government reduced expenditure and introduced local financial self-sufficiency in
pursuing austerity after the 2008 crash, forcing local governments in England to find savings …

Politicizing consumer credit

P Akey, RZ Heimer, S Lewellen - Journal of Financial Economics, 2021 - Elsevier
Powerful politicians can interfere with the enforcement of regulations. As such, expected
political interference can affect constituents' behavior. Using rotations of Senate committee …

The agency of CoCos: Why contingent convertible bonds are not for everyone

R Goncharenko, S Ongena, A Rauf - Journal of Financial Intermediation, 2021 - Elsevier
Some regulators grant contingent convertible bonds (CoCos) the status of “going-concern”
capital. Theory, however, suggests that CoCos can induce debt overhang, thereby …

Weak credit covenants

V Ivashina, B Vallee - 2020 - nber.org
Using novel data on 1,240 credit agreements, we investigate sources of contractual
complexity in the leveraged loan market. While negative covenants are widespread, carve …

Statistical and bibliometric analysis of financial innovation

TH Chen, JL Peng - Library Hi Tech, 2020 - emerald.com
Purpose The purpose of this paper is to review and analyze the characteristics of the
literature related to financial innovation, because financial technology (fintech) has been …

[图书][B] Endogenous political institutions and financial development

T Lambert, P Volpin - 2018 - elgaronline.com
Well-developed financial systems foster economic growth through capital accumulation and
technological innovation (Levine, 1997). However, capital accumulation and innovation are …

Linear and non-linear ARDL estimation of financial innovation and economic growth in Ghana

R Nsor-Ambala, G Amewu - Journal of Business and Socio-economic …, 2023 - emerald.com
Purpose This study aimed to explore the effect of Financial Innovation (FI) on economic
growth in Ghana, with a dataset spanning 1960–2019, adopting a broader conceptualization …

Private credit under political influence: Evidence from France

AL Delatte, A Matray, N Pinardon-Touati - 2020 - papers.ssrn.com
Formally independent private banks change their supply of credit to the corporate sector for
the constituencies of contested political incumbents in order to improve their reelection …