Research classified by Journal of Economic Literature (JEL) codes

2021

• Leone, Andrew J. & Li, Edward Xuejun & Liu, Michelle, 2021, "On the SEC's 2010 enforcement cooperation program," Journal of Accounting and Economics, Elsevier, volume 71, issue 1, DOI: 10.1016/j.jacceco.2020.101355.
• Kim, Jinhwan & Valentine, Kristen, 2021, "The innovation consequences of mandatory patent disclosures," Journal of Accounting and Economics, Elsevier, volume 71, issue 2, DOI: 10.1016/j.jacceco.2020.101381.
• Dey, Aiyesha & White, Joshua T., 2021, "Labor mobility and antitakeover provisions," Journal of Accounting and Economics, Elsevier, volume 71, issue 2, DOI: 10.1016/j.jacceco.2021.101388.
• Stephan, Andrew P. & Walther, Beverly R. & Wellman, Laura A., 2021, "Profiting from connections: Do politicians receive stock tips from brokerage houses?," Journal of Accounting and Economics, Elsevier, volume 72, issue 1, DOI: 10.1016/j.jacceco.2021.101401.
• Lampenius, Niklas & Shevlin, Terry & Stenzel, Arthur, 2021, "Measuring corporate tax rate and tax base avoidance of U.S. Domestic and U.S. multinational firms," Journal of Accounting and Economics, Elsevier, volume 72, issue 1, DOI: 10.1016/j.jacceco.2021.101406.
• Aobdia, Daniel & Dou, Yiwei & Kim, Jungbae, 2021, "Public audit oversight and the originate-to-distribute model," Journal of Accounting and Economics, Elsevier, volume 72, issue 1, DOI: 10.1016/j.jacceco.2021.101420.
• Balakrishnan, Karthik & De George, Emmanuel T. & Ertan, Aytekin & Scobie, Hannah, 2021, "Economic consequences of mandatory auditor reporting to bank regulators," Journal of Accounting and Economics, Elsevier, volume 72, issue 2, DOI: 10.1016/j.jacceco.2021.101431.
• Horvath, Akos & Lang, Peter, 2021, "Do loan subsidies boost the real activity of small firms?," Journal of Banking & Finance, Elsevier, volume 122, issue C, DOI: 10.1016/j.jbankfin.2020.105988.
• Chen, Sheng-Syan & Kao, Wei-Chuan & Wang, Yanzhi, 2021, "Tax policy and innovation performance: Evidence from enactment of the alternative simplified credit," Journal of Banking & Finance, Elsevier, volume 125, issue C, DOI: 10.1016/j.jbankfin.2021.106081.
• Liao, Shushu, 2021, "The effect of credit shocks in the context of labor market frictions," Journal of Banking & Finance, Elsevier, volume 125, issue C, DOI: 10.1016/j.jbankfin.2021.106091.
• He, Zhongda & Qiao, Guannan & Zhang, Le & Zhang, Wenrui, 2021, "Regulator supervisory power and bank loan contracting," Journal of Banking & Finance, Elsevier, volume 126, issue C, DOI: 10.1016/j.jbankfin.2021.106062.
• Jiang, Chao & Wintoki, M. Babajide & Xi, Yaoyi, 2021, "Insider trading and the legal expertise of corporate executives," Journal of Banking & Finance, Elsevier, volume 127, issue C, DOI: 10.1016/j.jbankfin.2021.106114.
• Contreras, Salvador & Ghosh, Amit & Kong, Joon Ho, 2021, "Financial crisis, Bank failures and corporate innovation," Journal of Banking & Finance, Elsevier, volume 129, issue C, DOI: 10.1016/j.jbankfin.2021.106161.
• Suchard, Jo-Ann & Humphery-Jenner, Mark & Cao, Xiaping, 2021, "Government ownership and Venture Capital in China," Journal of Banking & Finance, Elsevier, volume 129, issue C, DOI: 10.1016/j.jbankfin.2021.106164.
• Fan, Jijian, 2021, "The effect of regulating political connections: Evidence from China's board of directors ban," Journal of Comparative Economics, Elsevier, volume 49, issue 2, pages 553-578, DOI: 10.1016/j.jce.2020.10.003.
• Leonardi, Marco & Mossucca, Rossella & Schivardi, Fabiano & Severgnini, Battista, 2021, "Gains from early support of a new political party," Journal of Economic Behavior & Organization, Elsevier, volume 190, issue C, pages 878-890, DOI: 10.1016/j.jebo.2021.08.004.
• Hiraki, Takato & Honda, Toshiki & Ito, Akitoshi & Liu, Ming, 2021, "Banks, IPO underwriting, and allocation in Japan," Journal of Economics and Business, Elsevier, volume 116, issue C, DOI: 10.1016/j.jeconbus.2021.106005.
• Slutzky, Pablo, 2021, "The hidden costs of being public: Evidence from multinational firms operating in an emerging market," Journal of Financial Economics, Elsevier, volume 139, issue 2, pages 606-626, DOI: 10.1016/j.jfineco.2020.08.001.
• Akey, Pat & Heimer, Rawley Z. & Lewellen, Stefan, 2021, "Politicizing consumer credit," Journal of Financial Economics, Elsevier, volume 139, issue 2, pages 627-655, DOI: 10.1016/j.jfineco.2020.07.017.
• Wang, Zigan & Yin, Qie Ellie & Yu, Luping, 2021, "Real effects of share repurchases legalization on corporate behaviors," Journal of Financial Economics, Elsevier, volume 140, issue 1, pages 197-219, DOI: 10.1016/j.jfineco.2020.10.008.
• Child, Travers Barclay & Massoud, Nadia & Schabus, Mario & Zhou, Yifan, 2021, "Surprise election for Trump connections," Journal of Financial Economics, Elsevier, volume 140, issue 2, pages 676-697, DOI: 10.1016/j.jfineco.2020.12.004.
• Li, Frank Weikai & Mukherjee, Abhiroop & Sen, Rik, 2021, "Inside brokers," Journal of Financial Economics, Elsevier, volume 141, issue 3, pages 1096-1118, DOI: 10.1016/j.jfineco.2021.05.029.
• Adams, Renée B. & Ragunathan, Vanitha & Tumarkin, Robert, 2021, "Death by committee? An analysis of corporate board (sub-) committees," Journal of Financial Economics, Elsevier, volume 141, issue 3, pages 1119-1146, DOI: 10.1016/j.jfineco.2021.05.032.
• Bischof, Jannis & Laux, Christian & Leuz, Christian, 2021, "Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis," Journal of Financial Economics, Elsevier, volume 141, issue 3, pages 1188-1217, DOI: 10.1016/j.jfineco.2021.05.016.
• Chen, Jun & Hshieh, Shenje & Zhang, Feng, 2021, "The role of high-skilled foreign labor in startup performance: Evidence from two natural experiments," Journal of Financial Economics, Elsevier, volume 142, issue 1, pages 430-452, DOI: 10.1016/j.jfineco.2021.05.042.
• Li, Xiao-Ming & Qiu, Mei, 2021, "The joint effects of economic policy uncertainty and firm characteristics on capital structure: Evidence from US firms," Journal of International Money and Finance, Elsevier, volume 110, issue C, DOI: 10.1016/j.jimonfin.2020.102279.
• Hoque, Hafiz & Mu, Shaolong, 2021, "Does a reduction of state control affect IPO underpricing? Evidence from the Chinese A-share market," Journal of International Money and Finance, Elsevier, volume 115, issue C, DOI: 10.1016/j.jimonfin.2021.102384.
• Kubo, Katsuyuki & Nguyen, Thanh Thi Phuong, 2021, "Female CEOs on Japanese corporate boards and firm performance," Journal of the Japanese and International Economies, Elsevier, volume 62, issue C, DOI: 10.1016/j.jjie.2021.101163.
• Jutasompakorn, Pearpilai & Lim, Chu Yeong & Ranasinghe, Tharindra & Ow Yong, Kevin, 2021, "Impact of Basel III on the discretion and timeliness of Banks’ loan loss provisions," Journal of Contemporary Accounting and Economics, Elsevier, volume 17, issue 2, DOI: 10.1016/j.jcae.2021.100255.
• Luo, Kun & Lim, Edwin KiaYang & Qu, Wen & Zhang, Xuan, 2021, "Board cultural diversity, government intervention and corporate innovation effectiveness: Evidence from China," Journal of Contemporary Accounting and Economics, Elsevier, volume 17, issue 2, DOI: 10.1016/j.jcae.2021.100256.
• Song, Siwen & Jun, Aelee & Ma, Shiguang, 2021, "Corruption exposure, political disconnection, and their impact on Chinese family firms," Journal of Contemporary Accounting and Economics, Elsevier, volume 17, issue 3, DOI: 10.1016/j.jcae.2021.100266.
• Bui, Duy-Tung & Nguyen, Canh Phuc & Su, Thanh Dinh, 2021, "Asymmetric impacts of monetary policy and business cycles on bank risk-taking: Evidence from Emerging Asian markets," The Journal of Economic Asymmetries, Elsevier, volume 24, issue C, DOI: 10.1016/j.jeca.2021.e00221.
• Appelbaum, Elie, 2021, "Improving the efficacy of carbon tax policies," Journal of Government and Economics, Elsevier, volume 4, issue C, DOI: 10.1016/j.jge.2021.100027.
• Hennessy, Christopher A. & Livdan, Dmitry, 2021, "Learning, parameter drift, and the credibility revolution," Journal of Monetary Economics, Elsevier, volume 117, issue C, pages 395-417, DOI: 10.1016/j.jmoneco.2020.02.003.
• Ater, Brandon & Hansen, Bowe, 2021, "Do the specific countries in which a multinational corporation operates affect its private loan contracts?," Journal of Multinational Financial Management, Elsevier, volume 62, issue C, DOI: 10.1016/j.mulfin.2021.100709.
• Lee, Chien-Chiang & Wang, Chih-Wei, 2021, "Firms' cash reserve, financial constraint, and geopolitical risk," Pacific-Basin Finance Journal, Elsevier, volume 65, issue C, DOI: 10.1016/j.pacfin.2020.101480.
• Cui, Xin & Wang, Chunfeng & Liao, Jing & Fang, Zhenming & Cheng, Feiyang, 2021, "Economic policy uncertainty exposure and corporate innovation investment: Evidence from China," Pacific-Basin Finance Journal, Elsevier, volume 67, issue C, DOI: 10.1016/j.pacfin.2021.101533.
• Yu, Zhen & Li, Yuankun & Ouyang, Ziyi, 2021, "Economic policy uncertainty, hold-up risk and vertical integration: Evidence from China," Pacific-Basin Finance Journal, Elsevier, volume 68, issue C, DOI: 10.1016/j.pacfin.2021.101625.
• Choi, Wonseok & Rabarison, Monika K. & Wang, Bin, 2021, "Independent directors’ dissensions and firm value," The Quarterly Review of Economics and Finance, Elsevier, volume 80, issue C, pages 258-271, DOI: 10.1016/j.qref.2021.02.003.
• Munari, Federico & Toschi, Laura, 2021, "The impact of public funding on science valorisation: an analysis of the ERC Proof-of-Concept Programme," Research Policy, Elsevier, volume 50, issue 6, DOI: 10.1016/j.respol.2021.104211.
• Danisman, Gamze Ozturk & Demir, Ender & Ozili, Peterson, 2021, "Loan loss provisioning of US banks: Economic policy uncertainty and discretionary behavior," International Review of Economics & Finance, Elsevier, volume 71, issue C, pages 923-935, DOI: 10.1016/j.iref.2020.10.016.
• Huang, Jingchang & Zhao, Jing & Cao, June, 2021, "Environmental regulation and corporate R&D investment—evidence from a quasi-natural experiment," International Review of Economics & Finance, Elsevier, volume 72, issue C, pages 154-174, DOI: 10.1016/j.iref.2020.11.018.
• Kuvvet, Emre, 2021, "Anti-corruption courts and foreign direct investments," International Review of Economics & Finance, Elsevier, volume 72, issue C, pages 573-582, DOI: 10.1016/j.iref.2020.12.019.
• Zhang, Xing & Li, Fengchao & Ortiz, Jaime, 2021, "Internal risk governance and external capital regulation affecting bank risk-taking and performance: Evidence from P.R. China," International Review of Economics & Finance, Elsevier, volume 74, issue C, pages 276-292, DOI: 10.1016/j.iref.2021.03.008.
• González, Francisco, 2021, "Creditor rights and entrepreneurship: Evidence from legal changes," International Review of Economics & Finance, Elsevier, volume 75, issue C, pages 278-299, DOI: 10.1016/j.iref.2021.04.012.
• Cuong, Ly Kim, 2021, "Are financial holding companies' subsidiaries riskier than bank holding companies’ affiliates?," International Review of Economics & Finance, Elsevier, volume 76, issue C, pages 1025-1033, DOI: 10.1016/j.iref.2021.07.019.
• Chen, Yinghui, 2021, "Does political turnover stifle or stimulate corporate innovation?," International Review of Economics & Finance, Elsevier, volume 76, issue C, pages 1126-1145, DOI: 10.1016/j.iref.2021.08.010.
• Wang, Kun Tracy & Wu, Yue & Ho, Kin-Yip, 2021, "Internal control reporting and cost of bond financing: Evidence from China," International Review of Economics & Finance, Elsevier, volume 76, issue C, pages 1323-1346, DOI: 10.1016/j.iref.2019.11.016.
• Huang, Jialin & Luo, Yu & Peng, Yuchao, 2021, "Corporate financial asset holdings under economic policy uncertainty: Precautionary saving or speculating?," International Review of Economics & Finance, Elsevier, volume 76, issue C, pages 1359-1378, DOI: 10.1016/j.iref.2019.11.018.
• Cheng, Louis T.W. & Wang, Jacqueline Wenjie, 2021, "Equity ownership and corporate transparency: International evidence," International Review of Economics & Finance, Elsevier, volume 76, issue C, pages 143-165, DOI: 10.1016/j.iref.2021.03.005.
• Bai, Min & Cai, Jifu & Qin, Yafeng, 2021, "Ownership discrimination and private firms financing in China," Research in International Business and Finance, Elsevier, volume 57, issue C, DOI: 10.1016/j.ribaf.2021.101406.
• Feng, Yumei & Pan, Yuying & Wang, Lu & Sensoy, Ahmet, 2021, "The voice of minority shareholders: Online voting and corporate social responsibility," Research in International Business and Finance, Elsevier, volume 57, issue C, DOI: 10.1016/j.ribaf.2021.101408.
• Vo, Thi Thuy Anh & Dang, Tung Lam & Dang, Man & Hoang, Viet Anh, 2021, "Institutional ownership and commonality in liquidity," Research in International Business and Finance, Elsevier, volume 57, issue C, DOI: 10.1016/j.ribaf.2021.101422.
• Do, Trung K., 2021, "Shareholder litigation rights and corporate payout policy: Evidence from universal demand laws," Research in International Business and Finance, Elsevier, volume 58, issue C, DOI: 10.1016/j.ribaf.2021.101440.
• Tran, Dung Viet & Hassan, M. Kabir & AlTalafha, Sarah H. & Turunen-Red, Arja, 2021, "Policy uncertainty, the use of derivatives: Evidence from U.S. bank holdingcompanies (BHCs)," Research in International Business and Finance, Elsevier, volume 58, issue C, DOI: 10.1016/j.ribaf.2021.101447.
• Tran, Dung Viet & Hassan, M. Kabir & Alam, Ahmed W. & Pezzo, Luca & Abdul-Majid, Mariani, 2021, "Economic policy uncertainty, agency problem, and funding structure: Evidence from U.S. banking industry," Research in International Business and Finance, Elsevier, volume 58, issue C, DOI: 10.1016/j.ribaf.2021.101470.
• Goethner, Maximilian & Hornuf, Lars & Regner, Tobias, 2021, "Protecting investors in equity crowdfunding: An empirical analysis of the small investor protection act," Technological Forecasting and Social Change, Elsevier, volume 162, issue C, DOI: 10.1016/j.techfore.2020.120352.
• Cascino, Stefano & Clatworthy, Mark A. & Osma, Beatriz Garcia & Gassen, Joachim & Imam, Shahed, 2021, "The usefulness of financial accounting information: evidence from the field," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 107569, Nov.
• Edmans, Alex & Gosling, Tom & Jenter, Dirk, 2021, "CEO compensation: evidence from the field," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 118860, Jun.
• João Gabriel de Araujo Oliveira & Renato Nozaki Sugahara & Joanilio Rodolpho Teixeira, 2021, "Comentário sobre o artigo “The political role of the State in Cambridge theories of growth and distribution”," Brazilian Journal of Political Economy, FGV EAESP, volume 41, issue 1, pages 207-214, February, DOI: 10.1590/0101-31572020-3159.
• Wray Bradley & Li Sun, 2021, "Proximity to broad bond rating change and annual report readability," Asian Review of Accounting, Emerald Group Publishing Limited, volume 29, issue 2, pages 227-250, February, DOI: 10.1108/ARA-06-2020-0096.
• Laleh Samarbakhsh & Meet Shah, 2021, "Did the STOCK Act impact the performance, risk and flow of hedge funds?," International Journal of Managerial Finance, Emerald Group Publishing Limited, volume 18, issue 5, pages 944-978, October, DOI: 10.1108/IJMF-04-2021-0174.
• Wanyi Chen, 2021, "Are financial derivatives tax havens? Evidence from China," International Journal of Emerging Markets, Emerald Group Publishing Limited, volume 17, issue 8, pages 1949-1972, January, DOI: 10.1108/IJOEM-06-2020-0655.
• Abdul Rashid & Assad Naim Nasimi & Rashid Naim Nasimi, 2021, "The uncertainty–investment relationship: scrutinizing the role of firm size," International Journal of Emerging Markets, Emerald Group Publishing Limited, volume 17, issue 10, pages 2605-2635, March, DOI: 10.1108/IJOEM-09-2019-0698.
• Evans Opoku-Mensah & Yuming Yin & Love Offeibea Asiedu-Ayeh & Dennis Asante & Priscilla Tuffour & Sandra Asantewaa Ampofo, 2021, "Exploring governments' role in mergers and acquisitions using IVIF MULTIMOORA-COPRAS technique," International Journal of Emerging Markets, Emerald Group Publishing Limited, volume 18, issue 4, pages 908-930, May, DOI: 10.1108/IJOEM-11-2020-1405.
• Xudong Tang & Yan Gu & Ruoyu Weng & Kungcheng Ho, 2021, "Confucianism and corporate fraud," International Journal of Emerging Markets, Emerald Group Publishing Limited, volume 17, issue 6, pages 1425-1445, January, DOI: 10.1108/IJOEM-12-2019-1004.
• Syed Alamdar Ali Shah & Raditya Sukmana & Bayu Arie Fianto, 2021, "Integration of Islamic bank specific risks and their impact on the portfolios of Islamic Banks," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, volume 14, issue 3, pages 561-578, January, DOI: 10.1108/IMEFM-01-2020-0021.
• Mudeer Ahmed Khattak & Mohsin Ali, 2021, "Are competition and performance friends or foes? Evidence from the Middle East banking sector," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, volume 14, issue 4, pages 671-691, February, DOI: 10.1108/IMEFM-08-2019-0348.
• Muhammad Ahad & Zulfiqar Ali Imran, 2021, "Does governance quality matter for the development of financial institutions in Pakistan?," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, volume 39, issue 2, pages 400-425, July, DOI: 10.1108/JEAS-03-2021-0061.
• Khalfaoui Hamdi & Guenichi Hassen, 2021, "Economic policy uncertainty effect on credit risk, lending decisions and banking performance: evidence from Tunisian listed banks," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, volume 38, issue 2, pages 287-303, February, DOI: 10.1108/JEAS-09-2020-0159.
• Khanh Hoang & Long Phi Tran & Van Thuy Vu & Minh Duy Vu, 2021, "The dark and bright sides of policy uncertainty: do too many cooks spoil the broth?," Journal of Financial Economic Policy, Emerald Group Publishing Limited, volume 14, issue 1, pages 56-71, February, DOI: 10.1108/JFEP-06-2020-0128.
• Khairul Anuar Kamarudin & Akmalia M. Ariff & Wan Adibah Wan Ismail, 2021, "Product market competition, board gender diversity and corporate sustainability performance: international evidence," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, volume 20, issue 2, pages 233-260, August, DOI: 10.1108/JFRA-01-2021-0020.
• Oktofa Yudha Sudrajad, 2021, "The implication of banking regulation on bank business model: evidence from the ASEAN countries," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, volume 29, issue 5, pages 580-603, August, DOI: 10.1108/JFRC-11-2020-0109.
• Miroslav Mateev & Syed Moudud-Ul-Huq & Ahmad Sahyouni, 2021, "Regulation, banking competition and risk-taking behavior in the MENA region: policy implications for Islamic banks," Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, volume 13, issue 2, pages 297-337, December, DOI: 10.1108/JIABR-01-2021-0009.
• Md. Kausar Alam, 2021, "A proposed centralized Shariah governance framework for Islamic banks in Bangladesh," Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, volume 13, issue 2, pages 364-389, December, DOI: 10.1108/JIABR-03-2021-0106.
• Suriani Suriani & M. Shabri Abd. Majid & Raja Masbar & Nazaruddin A. Wahid & Abdul Ghafar Ismail, 2021, "Sukuk and monetary policy transmission in Indonesia: the role of asset price and exchange rate channels," Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, volume 12, issue 7, pages 1015-1035, August, DOI: 10.1108/JIABR-09-2019-0177.
• Matthew J. Behrend & Marshall K. Pitman, 2021, "The effect of cash versus equity compensation on audit committee decision-making - evidence from the 2007 Deloitte censure," Managerial Auditing Journal, Emerald Group Publishing Limited, volume 37, issue 1, pages 1-16, December, DOI: 10.1108/MAJ-08-2019-2383.
• Ayesha Anwar & Rasidah Mohd-Rashid & Norliza Che Yahya & Chui Zi Ong, 2021, "Do sponsors and democratic government influence the flipping activity of Pakistan IPO? Evidence from developing market," Management Research Review, Emerald Group Publishing Limited, volume 45, issue 7, pages 882-896, October, DOI: 10.1108/MRR-02-2021-0137.
• Ayesha Anwar & Rasidah Mohd-Rashid, 2021, "Moderating effect of investor demand: privatized IPOs and flipping activity in the Pakistan IPO market," Pacific Accounting Review, Emerald Group Publishing Limited, volume 33, issue 3, pages 347-360, June, DOI: 10.1108/PAR-08-2020-0109.
• Edward Jones & Bing Xu & Konstantin Kamp, 2021, "Agency costs in the market for corporate control: evidence from UK takeovers," Review of Accounting and Finance, Emerald Group Publishing Limited, volume 20, issue 1, pages 23-52, June, DOI: 10.1108/RAF-04-2020-0083.
• Xiaolin Qian & Lewis Tam, 2021, "Blockholders and corporate governance: evidence from China’s split-share-structure reform," Review of Accounting and Finance, Emerald Group Publishing Limited, volume 20, issue 1, pages 53-83, July, DOI: 10.1108/RAF-07-2020-0184.
• Elzbieta Jedruczyk, 2021, "The Determinants of Self-Employment - Evidence from Self-Employed Persons in Poland," European Research Studies Journal, European Research Studies Journal, volume 0, issue 2 - Part , pages 1014-1024.
• Zdenek Tuma, 2021, "Corporate Governance of Financial Stability," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, volume 71, issue 4, pages 268-281, December.
• Michal Kuchta, 2021, "Scenario Generation for IFRS9 Purposes using a Bayesian MS-VAR Model," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2021/10, Apr, revised Apr 2021.
• Nicola Comincioli & Paolo M. Panteghini & Sergio Vergalli, 2021, "The start-up decision under default risk," Working Papers, Fondazione Eni Enrico Mattei, number 2021.27, Oct.
• Matteo Mazzarano & Gianni Guastella & Stefano Pareglio & Anastasios Xepapadeas, 2021, "Carbon Boards and Transition Risk: Explicit and Implicit exposure implications for Total Stock Returns and Dividend Payouts," Working Papers, Fondazione Eni Enrico Mattei, number 2021.29, Nov.
• Robert M. Adams & Kenneth P. Brevoort & John C. Driscoll, 2021, "Is Lending Distance Really Changing? Distance Dynamics and Loan Composition in Small Business Lending," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-011, Feb, DOI: 10.17016/FEDS.2021.011.
• Teodora Paligorova & Judit Temesvary, 2021, "Foreign banks' asset reallocation in response to the introduction of the Intermediate Holding Company rule of 2016," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2021-05-12, May, DOI: 10.17016/2380-7172.2886.
• Jennifer L. Dlugosz & Brian T. Melzer & Donald P. Morgan, 2021, "Who Pays the Price? Overdraft Fee Ceilings and the Unbanked," Staff Reports, Federal Reserve Bank of New York, number 973, Jun.
• Ducret, Romain, 2021, "Investors' perception of business group membership during an economic crisis : Evidence from the COVID-19 pandemic," FSES Working Papers, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland, number 524, Oct.
• Viktor S. Utkin & Yury V. Kuznetsov, 2021, "Cellular Companies as a Model of a Mechanism for Reducing Sanctions Risks for Business," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 67-74, August, DOI: 10.31107/2075-1990-2021-4-67-74.
• Jonathan Oxley, 2021, "Does Additional Mandatory Reporting Alter Charity or Donor Behavior?---Examining the 2006 Pension Protection Act," Working Papers, Department of Economics, Florida State University, number wp2021_01_02, Jan.
• Zubov Sergey, 2021, "Corporate Lending, January through August 2021
  [Корпоративное Кредитование В Январе-Августе 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 31-34, October.
• Zubov Sergey, 2021, "Corporate Lending in January-April 2021
  [Корпоративное Кредитование В Январе-Апреле 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 31-34, June.
• Abramov Alexander & Belyakov Yury & Radygin Alexander & Chernova Maria, 2021, "Features and Risks of the Dividend Policy of Russian Joint-Stock Companies
  [Особенности И Риски Дивидендной Политики Российских Акционерных Обществ]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 37-46, August.
• Aukutsionek Sergey & Batyaeva Alexandra, 2021, "Economic Situation in the Industry in H1 2021
  [Экономическая Ситуация В Промышленности В Первой Половине 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 44-48, September.
• Zubov Sergey, 2021, "Корпоративное Кредитование В Январе-Августе 2021 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 10, pages 31-34, October.
• Zubov Sergey, 2021, "Корпоративное Кредитование В Январе-Апреле 2021 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 6, pages 31-34, June.
• Abramov Alexander & Belyakov Yury & Radygin Alexander & Chernova Maria, 2021, "Особенности И Риски Дивидендной Политики Российских Акционерных Обществ," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 8, pages 37-46, August.
• Aukutsionek Sergey & Batyaeva Alexandra, 2021, "Экономическая Ситуация В Промышленности В Первой Половине 2021 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 9, pages 44-48, September.
• Thomas Bourveau & Renaud Coulomb & Marc Sangnier, 2021, "Political Connections and White-Collar Crime: Evidence from Insider Trading in France," Post-Print, HAL, number hal-05461998, Oct, DOI: 10.1093/jeea/jvab004.
• Olivier Godechot & Nils Neumann & Paula Apascaritei & István Boza & Martin Hällsten & Lasse Henriksen & Are Hermansen & Feng Hou & Jiwook Jung & Eunmi Melzer & Halil Mun & Matthew Sabanci & Max Soener, 2021, "Ups and Downs in Finance, Ups without Downs in Inequality," Sciences Po Economics Publications (main), HAL, number hal-03462501, Dec.
• Khaled Tahari & Amar Elafani, 2021, "Essay to analyze SMEs strategies facing globalization: a neo-institutional approach
  [stratégies des PME face à la globalisation en Algérie: une approche néo-institutionnelle]," Working Papers, HAL, number hal-03094611, Jan.
• Olivier Godechot & Nils Neumann & Paula Apascaritei & István Boza & Martin Hällsten & Lasse Henriksen & Are Hermansen & Feng Hou & Jiwook Jung & Eunmi Melzer & Halil Mun & Matthew Sabanci & Max Soener, 2021, "Ups and Downs in Finance, Ups without Downs in Inequality," Working Papers, HAL, number hal-03462501, Dec.
• April M. Knill & Joseph Fred Kindelsperger & Alexei V. Ovtchinnikov, 2021, "Stock Ownership of Federal Judges and its Impact on Corporations," Working Papers, HAL, number hal-03869827, Oct, DOI: 10.2139/ssrn.3951325.
• Benjamin Bureau & Anne Duquerroy & Julien Giorgi & Mathias Lé & Suzanne Scott & Frédéric Vinas, 2021, "What individual data tells us about the Covid-19 impact on corporate liquidity in 2020
  [L'impact de la crise sanitaire sur la situation financière des entreprises en 2020 : une analyse sur données individuelles]," Working Papers, HAL, number hal-05376896, Jul.
• Sangeun Ha & Fangyuan Ma & Alminas Žaldokas, 2021, "Motivating Collusion," HKUST CEP Working Papers Series, HKUST Center for Economic Policy, number 202108, Jul.
• Herman Manakyan & Ani Mathers, 2021, "Impact Of The 2017 Tax Cuts And Jobs Act On Foreign Cash Holdings Of U.S. Multinational Corporations," Accounting & Taxation, The Institute for Business and Finance Research, volume 13, issue 1, pages 15-30.
• Susanne Leitner-Hanetseder & Josef Arminger & Christa Hangl, 2021, "Impact Of Software Expenses On Financial Statements And Capital Ratios In The Financial Sector Empirical: Evidence From Germany And Austria," Accounting & Taxation, The Institute for Business and Finance Research, volume 13, issue 1, pages 97-108.
• Daniel Folkinshteyn, 2021, "Financial Experts On The Audit Committee: Wolves In Sheep’S Clothing?," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, volume 15, issue 1, pages 45-60.
• Mudeer Ahmed Khattak & Baharom Abdul Hamid & Muhammad Umar Islam & Mohsin Ali, 2021, "Competition, Diversification, and Stability in the Indonesian Banking System," Bulletin of Monetary Economics and Banking, Bank Indonesia, volume 24, issue Special I, pages 59-88, January, DOI: https://doi.org/10.21098/bemp.v24i0.
• Ivana Dundek Kokotec & Silvije Orsag & Marina Klacmer Calopa, 2021, "The Role of Institutional Investors in Corporate Governance of Their Portfolio Companies – The Case of Croatia," Croatian Economic Survey, The Institute of Economics, Zagreb, volume 23, issue 2, pages 105-129, December.
• Yu-Hsuan Chung & An-An Chiu & Shaio Yan Huang, 2021, "Management Forecast and Stock Price informativeness," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, volume 20, issue 3, pages 215-232, December.
• Lucyna Gornicka & Peichu Xie, 2021, "Leakages from Macroprudential Regulations: The Case of Household-Specific Tools and Corporate Credit," IMF Working Papers, International Monetary Fund, number 2021/113, Apr.
• Anabela Santos, 2021, "Linking the ‘Recovery and Resilience Plan’ and Smart Specialisation. The Portuguese Case," JRC Working Papers on Territorial Modelling and Analysis, Joint Research Centre, number 2021-05, Aug.
• Myriam García-Olalla & Manuel Luna, 2021, "Market reaction to supranational banking supervision in Europe: Do firm- and country-specific factors matter?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, volume 48, issue 4, pages 947-975, November, DOI: 10.1007/s10663-020-09493-3.
• Nicola Comincioli & Paolo M. Panteghini & Sergio Vergalli, 2021, "Welfare effects of business taxation under default risk," International Tax and Public Finance, Springer;International Institute of Public Finance, volume 28, issue 6, pages 1412-1429, December, DOI: 10.1007/s10797-020-09650-1.
• François Facchini & Mickael Melki, 2021, "Egalitarianism and the democratic deconsolidation: Is democracy compatible with socialism?," Public Choice, Springer, volume 186, issue 3, pages 447-465, March, DOI: 10.1007/s11127-019-00744-x.
• Markus Hang & Jerome Geyer-Klingeberg & Andreas W. Rathgeber & Clémence Alasseur & Lena Wichmann, 2021, "Interaction effects of corporate hedging activities for a multi-risk exposure: evidence from a quasi-natural experiment," Review of Quantitative Finance and Accounting, Springer, volume 56, issue 2, pages 789-818, February, DOI: 10.1007/s11156-020-00909-6.
• Antonio Figueiredo & Shahid S. Hamid & Richard Holowczak, 2021, "Stock market signals and consequences of securities class actions lawsuits: a microstructure perspective," Review of Quantitative Finance and Accounting, Springer, volume 57, issue 2, pages 629-655, August, DOI: 10.1007/s11156-021-00957-6.
• Mamdouh Abdulaziz Saleh Al-Faryan, 2021, "The effect of board composition and managerial pay on Saudi firm performance," Review of Quantitative Finance and Accounting, Springer, volume 57, issue 2, pages 693-758, August, DOI: 10.1007/s11156-021-00959-4.
• Chaoying Lin & Lerong He & Guangqing Yang, 2021, "Targeted monetary policy and financing constraints of Chinese small businesses," Small Business Economics, Springer, volume 57, issue 4, pages 2107-2124, December, DOI: 10.1007/s11187-020-00365-5.
• Lang, Péter & Drabancz, Áron & El-Meouch Nedim, Márton, 2021, "A koronavírus-járvány miatt bevezetett jegybanki és állami hitelprogramok hatása a magyar foglalkoztatásra
  [The impact of central-bank and state-loan programmes introduced in Hungarian employment due to the coronavirus]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), volume 0, issue 9, pages 930-965, DOI: 10.18414/KSZ.2021.9.930.
• Finn Tarp & Sam Jones & Felix Schilling, 2021, "Doing business while holding public office: Evidence from Mozambique’s firm registry," DERG working paper series, University of Copenhagen. Department of Economics. Development Economics Research Group (DERG), number 21-08, 03.
• Áron Drabancz & Gabriella Grosz & Alexandr Palicz & Balázs Varga, 2021, "Experiences with the Introduction of a Payment Moratorium in Hungary," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), volume 20, issue 1, pages 5-42.
• Emilia Nemeth-Durko & Anita Hegedus, 2021, "Climate Change in the Capital Markets: A Study of Actively Managed Green Bond Funds," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), volume 20, issue 4, pages 38-64..
• Robert C. Merton & Richard T. Thakor, 2021, "No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions," NBER Working Papers, National Bureau of Economic Research, Inc, number 28341, Jan.
• Susan F. Cherry & Erica Xuewei Jiang & Gregor Matvos & Tomasz Piskorski & Amit Seru, 2021, "Government and Private Household Debt Relief during COVID-19," NBER Working Papers, National Bureau of Economic Research, Inc, number 28357, Jan.
• Atul Gupta & Sabrina T. Howell & Constantine Yannelis & Abhinav Gupta, 2021, "Owner Incentives and Performance in Healthcare: Private Equity Investment in Nursing Homes," NBER Working Papers, National Bureau of Economic Research, Inc, number 28474, Feb.
• Laura Alfaro & Mauricio Calani & Liliana Varela, 2021, "Granular Corporate Hedging Under Dominant Currency," NBER Working Papers, National Bureau of Economic Research, Inc, number 28910, Jun.
• Wenzhi Ding & Chen Lin & Thomas Schmid & Michael S. Weisbach, 2021, "Risk Perceptions, Board Networks, and Directors’ Monitoring," NBER Working Papers, National Bureau of Economic Research, Inc, number 28974, Jun.
• Lavender Yang & Nicholas Z. Muller & Pierre Jinghong Liang, 2021, "The Real Effects of Mandatory CSR Disclosure on Emissions: Evidence from the Greenhouse Gas Reporting Program," NBER Working Papers, National Bureau of Economic Research, Inc, number 28984, Jul.
• Michael Ewens & Joan Farre-Mensa, 2021, "Private or Public Equity? The Evolving Entrepreneurial Finance Landscape," NBER Working Papers, National Bureau of Economic Research, Inc, number 29532, Dec.
• Thomas Philippon & Olivier Wang, 2021, "Let the Worst One Fail: A Credible Solution to the Too-Big-To-Fail Conundrum," NBER Working Papers, National Bureau of Economic Research, Inc, number 29560, Dec.
• Lauren Cohen & Bo Li, 2021, "The Political Economy of Anti-Bribery Enforcement," NBER Working Papers, National Bureau of Economic Research, Inc, number 29624, Dec.
• Gilberto Loureiro & Sónia Silva, 2021, "The Impact of Securities Regulation on the Information Environment around Stock-Financed Acquisitions," NIPE Working Papers, NIPE - Universidade do Minho, number 07/2021.
• Wang, Zigan & Yu, Luping, 2021, "Effects of Legalizing Open Market Share Repurchases: International Evidence," Journal of Law, Finance, and Accounting, now publishers, volume 6, issue 1, pages 125-177, May, DOI: 10.1561/108.00000046.
• Megginson, William & Fotak, Veljko, 2021, "Government Equity Investments in Coronavirus Bailouts: Why, How, When?," Journal of Law, Finance, and Accounting, now publishers, volume 6, issue 1, pages 1-49, May, DOI: 10.1561/108.00000050.
• Acharya, Viral & Gabarro, Marc & Volpin, Paolo, 2021, "Competition for Managers and Corporate Governance," Journal of Law, Finance, and Accounting, now publishers, volume 6, issue 1, pages 179-219, May, DOI: 10.1561/108.00000053.
• Jonathan Black & Mattias Nilsson & Roberto Pinheiro & Maximiliano da Silva, 2021, "Information Production and the Duration of Accounting Fraud," Journal of Law, Finance, and Accounting, now publishers, volume 6, issue 2, pages 263-314, November, DOI: 10.1561/108.00000054.
• Beni Lauterbach & Evgeny Lyandres & Yevgeny Mugerman & Barak Yarkoni, 2021, "The Choice Between Various Freeze-out Procedures and its Consequences," Journal of Law, Finance, and Accounting, now publishers, volume 6, issue 2, pages 315-351, November, DOI: 10.1561/108.00000055.
• Assaf Hamdani & Konstantin Kosenko & Yishay Yafeh, 2021, "Regulatory Measures to Dismantle Pyramidal Business Groups: Evidence from the United States, Japan, Korea, and Israel," Journal of Law, Finance, and Accounting, now publishers, volume 6, issue 2, pages 221-261, November, DOI: 10.1561/108.00000057.
• B. Bureau & A. Duquerroy & M. Lé & F. Vinas & J. Giorgi & S. Scott, 2021, "Une année de crise COVID: impact sur la dynamique de l’activité des entreprises en France Une évaluation sur données individuelles," Documents de Travail de l'Insee - INSEE Working Papers, Institut National de la Statistique et des Etudes Economiques, number g2021-02.
• B. Bureau & A. Duquerroy & M. Lé & F. Vinas & J. Giorgi & S. Scott, 2021, "L’impact de la crise sanitaire sur la situation financière des entreprises en 2020 : une analyse sur données individuelles," Documents de Travail de l'Insee - INSEE Working Papers, Institut National de la Statistique et des Etudes Economiques, number g2021-03.
• Dennis Dlugosch & Rauf Gönenç & Yusuf Kenan Bağır & Hüzeyfe Torun & Eun Jung Kim, 2021, "Unleashing the full potential of the Turkish business sector," OECD Economics Department Working Papers, OECD Publishing, number 1665, Apr, DOI: 10.1787/3a64ce1c-en.
• Ewens, Michael & Farre-Mensa, Joan, 2021, "Private or Public Equity? The Evolving Entrepreneurial Finance Landscape," SocArXiv, Center for Open Science, number 9am4w, Nov, DOI: 10.31219/osf.io/9am4w.
• Yoon-Ho Alex Lee, 2021, "A Model of Stock-Market-Based Rulemaking," American Law and Economics Review, American Law and Economics Association, volume 23, issue 1, pages 1-55.
• Thomas Bourveau & Renaud Coulomb & Marc Sangnier, 2021, "Political Connections and White-Collar Crime: Evidence from Insider Trading in France," Journal of the European Economic Association, European Economic Association, volume 19, issue 5, pages 2543-2576.
• Chester S. Spatt, 2021, "Proxy Advisory Firms, Governance, Market Failure, and Regulation," The Review of Corporate Finance Studies, Society for Financial Studies, volume 10, issue 1, pages 136-157.
• Thomas Philippon, 2021, "Efficient Programs to Support Businesses During and After Lockdowns," The Review of Corporate Finance Studies, Society for Financial Studies, volume 10, issue 1, pages 188-203.
• Ofer Eldar & Michael D. Wittry, 2021, "Crisis Poison Pills," The Review of Corporate Finance Studies, Society for Financial Studies, volume 10, issue 1, pages 204-251.
• Kathleen Weiss Hanley & Stanislava Nikolova, 2021, "Rethinking the Use of Credit Ratings in Capital Regulations: Evidence From the Insurance Industry
  [Causes of the financial crisis]," The Review of Corporate Finance Studies, Society for Financial Studies, volume 10, issue 2, pages 347-401.
• Anna Cororaton & Samuel Rosen, 2021, "Public Firm Borrowers of the U.S. Paycheck Protection Program
  [The risk of being a fallen angel and the corporate dash for cash in the midst of COVID]," The Review of Corporate Finance Studies, Society for Financial Studies, volume 10, issue 4, pages 641-693.
• Stefano Ramelli & Alexander F Wagner & Richard J Zeckhauser & Alexandre Ziegler, 2021, "Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections
  [Asset pricing with liquidity risk]," The Review of Corporate Finance Studies, Society for Financial Studies, volume 10, issue 4, pages 748-787.
• Benjamin Bennett & Radhakrishnan Gopalan & Anjan Thakor, 2021, "How Are Bankers Paid?
  [The dark side of liquidity creation: Leverage and systemic risk]," The Review of Corporate Finance Studies, Society for Financial Studies, volume 10, issue 4, pages 788-812.
• Mo Shen & David Denis, 2021, "Skilled Labor Mobility and Firm Value: Evidence from Green Card Allocations," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 10, pages 4663-4700.
• Murray Z Frank & Ali Sanati & Holger Mueller, 2021, "Financing Corporate Growth," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 10, pages 4926-4998.
• Matthew Spiegel & Heather Tookes, 2021, "Business Restrictions and COVID-19 Fatalities
  [The immediate effect of COVID-19 policies on social distancing behavior in the United States]," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 11, pages 5266-5308.
• Rüdiger Fahlenbrach & Kevin Rageth & René M Stulz, 2021, "How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis
  [The risk of being a fallen angel and the corporate dash for cash in the midst of COVID]," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 11, pages 5474-5521.
• Dušan Isakov & Christophe Pérignon & Jean-Philippe Weisskopf, 2021, "What If Dividends Were Tax-Exempt? Evidence from a Natural Experiment
  [Financial constraints, asset tangibility, and corporate investment]," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 12, pages 5756-5795.
• Thorsten Beck & Samuel Da-Rocha-Lopes & André F Silva & Francesca Cornelli, 2021, "Sharing the Pain? Credit Supply and Real Effects of Bank Bail-ins
  [High wage workers and high wage firms]," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 4, pages 1747-1788.
• Emilia-Zorica Bozga, 2021, "Insights from Companies Research: Sustainability Matters," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, volume 0, issue 1, pages 199-206, August.
• Cristian Dragan & Ana Cornelia Olteanu & Viorela Georgiana Stinga, 2021, "The External Public Audit of the Budgetary Programs – Preparatory Activities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, volume 0, issue 2, pages 1003-1012, December.
• Ghazi Zouari & Kawther Dhifi, 2021, "The impact of board characteristics on integrated reporting: case of European companies," International Journal of Disclosure and Governance, Palgrave Macmillan, volume 18, issue 1, pages 83-94, March, DOI: 10.1057/s41310-021-00105-5.
• Martin Neisen & Hermann Schulte-Mattler, 2021, "The effectiveness of IFRS 9 transitional provisions in limiting the potential impact of COVID-19 on banks," Journal of Banking Regulation, Palgrave Macmillan, volume 22, issue 4, pages 342-351, December, DOI: 10.1057/s41261-021-00151-7.
• Ojo/Roedl, Marianne, 2021, "Sustainable finance, current and future implications for banks and monetary policy: assessing COVID impacts," MPRA Paper, University Library of Munich, Germany, number 108119, Jun.
• Tut, Daniel & Cao, Melanie, 2021, "Capital Reallocation and Firm-Level Productivity Under Political Uncertainty," MPRA Paper, University Library of Munich, Germany, number 108528, Jun.
• Wagner, Omer, 2021, "Israel: Is COVID-19 expected more than a war? The increase in customs value in Israel, due to the COVID-19 increase in transport prices - the problem, and the solution," MPRA Paper, University Library of Munich, Germany, number 108808, Jul, revised 05 Aug 2021.
• Ojo/Roedl, Marianne, 2021, "Sustainable finance, current and future implications for banks and monetary policy: assessing COVID impacts," MPRA Paper, University Library of Munich, Germany, number 108844, Jun.
• Tut, Daniel, 2021, "Cash Holdings and Firm-Level Exposure to Epidemic Diseases," MPRA Paper, University Library of Munich, Germany, number 109704, Aug.
• Zambrano, Juan Carlos & Astaiza-Gómez, José Gabriel & García, Juan David, 2021, "Un Modelo Principal-Agente Dinámico de Reducción de Perdidas de Energía Electrica en Tiempo Continuo
  [A Dynamic Principal-Agent Model of Electric Power Loss Reduction in Continuous Time]," MPRA Paper, University Library of Munich, Germany, number 110143.
• YENLIDE, Tchablemane, 2021, "Corruption et sorties illicites de capitaux dans les pays de l’Afrique subsaharienne: La démocratie compte-elle vraiment?
  [Corruption and Illicit Capital Outflows in Sub-Saharan Africa: Does Democracy Really Matter?]," MPRA Paper, University Library of Munich, Germany, number 110750, Nov.
• Ojo, Marianne & Dierker, Theodore, 2021, "Monetary policy implications of deviations in inflation targeting: the need for a global cooperative, coordinated and correlated response," MPRA Paper, University Library of Munich, Germany, number 110935, Dec.