Weekly Top 5 Papers – August 12-18, 2019

1. A Brief Introduction to the Basics of Game Theory by Matthew O. Jackson (Stanford University – Department of Economics; Santa Fe Institute; Canadian Institute for Advanced Research (CIFAR))

2. Country Risk: Determinants, Measures and Implications – The 2019 Edition by Aswath Damodaran (New York University – Stern School of Business)

3. The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review by Sugata Roychowdhury (Boston College), Nemit Shroff (Massachusetts Institute of Technology (MIT) – Sloan School of Management) and Rodrigo S. Verdi (Massachusetts Institute of Technology (MIT))

A Note From the Authors: In this paper, we review the evidence bridging a large literature in finance and economics on corporate investment decisions with the literature on effect of corporate disclosure in resolving information frictions. Specifically, a growing body of evidence suggests that various aspects of a firm’s disclosure decisions and information environment affects investment decisions. We provide a framework for understanding why corporate disclosure might affect investment decisions that encompasses both information asymmetry frictions arising from agency conflicts and learning models in the presence of uncertainty about investment opportunities. We highlight the limitation of prior research and highlight several opportunities for future research.

4. Ethnonationalism and Liberal Democracy by Steven Menashi (George Mason University)

5. ‘A Diamond is Forever’ and Other Fairy Tales: The Relationship between Wedding Expenses and Marriage Duration by Andrew Francis-Tan (National University of Singapore (NUS) – Lee Kuan Yew School of Public Policy) and Hugo M. Mialon (Emory University – Department of Economics)


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