Credit ratings are a key check on CEO overconfidence in corporate acquisitions
Peer-Reviewed Publication
Updates every hour. Last Updated: 30-Jun-2025 01:11 ET (30-Jun-2025 05:11 GMT/UTC)
Overconfident chief executives and their risky behaviours can be partly restrained through credit ratings, new research finds.
New research from the University of Toronto’s Rotman School of Management shows that a multi-point system like that is prone to subtle, often unconscious, racial bias -- yet with significant financial consequences for non-white workers.
A research team led by POSTECH Professor Hyung Joo Lee found that NO2 exposure levels were consistently higher in areas with higher socioeconomic status—an outcome shaped by South Korea’s distinctive history of rapid economic development and urban planning.
A new study published in the journal Science analyzes the results of a randomized controlled trial (RCT) that showed that brick kiln owners in Bangladesh are willing and able to implement cleaner and more efficient business practices within their operations—without legal enforcement—if they receive the proper training and support, and if those changes are aligned with their profit motives. The study is the first to rigorously demonstrate successful strategies to improve efficiency within the traditional brick kiln industry.
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This paper develops a power system dispatching model that integrates thermal power, wind power, photovoltaic (PV) generation, and energy storage systems (ESS). The model uses Monte Carlo simulations to analyze the impact of renewable energy and ESS capacities on electricity costs, carbon emissions, power fluctuations, and renewable energy utilization. The study optimizes the system configuration using the NSGA-II algorithm and provides valuable insights for decarbonizing power systems while ensuring energy equity.