This paper finds that fracking disclosure requirements improved #water quality. The mechanism appears to be transparency-driven public pressure: disclosure empowered communities & social movements, leading firms to improve practices and reduce #wastewater spills. spkl.io/633297zQ9D #ESG

This paper asks whether legal doctrine can discipline #AI the way it disciplines #judges. Finds that LLMs perform better when guided by precedent-focused & structured legal reasoning, suggesting that institutional constraints may be as important as model capabilities spkl.io/633297zLmS

Expected returns are unobserved & no method gives unbiased out-of-sample estimates. Their fix: use ML to predict cash flows, then back out returns from market prices Firms closer to the new MCC measure have higher market values. spkl.io/633227zQwK #Finance #CostOfCapital

This paper tests #GPT-5, Gemini 2.5 Pro, Claude Sonnet 4.5 & Grok 4 on every SCOTUS argued case from OT 2025. Accuracy looked good until you realise most of it just reflected the Court's usual ideological alignment, not actual legal analysis. spkl.io/633247zQpk #AI #LegalTech

This paper examines the debate over #disabilityaccommodations in #highereducation, arguing that discussions should be grounded in #disability law, civil-rights principles, and the lived experience of disability, not just concerns about over-accommodation or misuse. spkl.io/633237zWdD

This paper revisits one of the most influential strands of evidence linking CSR to financial performance. The authors find no consistent evidence that investors systematically revalue firms following the passage of CSR shareholder resolutions. spkl.io/633287zWn0 #CSR #ESG

This paper describes the operational #framework of the Bank of Greece’s short-term #inflation projections model for #Greece (BoG’STIP), used in Eurosystem inflation projection exercises. Read: spkl.io/633277z88J Subscribe: spkl.io/633217z883

This paper finds that Chinese respondents are significantly more supportive of #AI in courts than Americans. The gap appears linked to deeper beliefs about whether #legal questions have objectively correct answers that technology can help uncover. spkl.io/633207zlPY #ComparativeLaw

This paper celebrates the #OECD Guidelines for Multinational #Enterprises on Responsible Business Conduct on their 50th anniversary & argues that, in a time of rising #mistrust, they matter more—not less. Read: spkl.io/633297z86c Subscribe: spkl.io/633257z86U

This paper argues that #disinformation about #greentechnologies may be a competition-law issue, not just communications. If incumbents use misleading claims to delay or hinder new technologies, the conduct could potentially be viewed as a restriction of #competition. spkl.io/633277zXdV

This paper identifies a phenomenon it calls fact avoidance #courts often resolve disputes over #presidentialpower through legal interpretation while avoiding scrutiny of the underlying facts. The paper argues that meaningful judicial review requires attention to both. spkl.io/633217zXkP

This paper finds that institutional #investors often reach similar return forecasts through very different underlying beliefs. Return expectations can mask deep disagreements about growth, #valuations, and market narratives that ultimately shape #portfolio decisions. spkl.io/633277zXRP

This paper studies passive market impact in limit-order #trading. The paper shows that liquidity providers face a key trade-off: more aggressive quotes increase execution probability but also raise market impact and adverse-selection risk. spkl.io/633277zXJh #QuantFinance

The Costs and Benefits of Leveraged ETFs. Broad equity-index LETFs generated $100B+ in investor gains. Single-stock LETFs? Launched near volatility peaks, with the worst economics attracting the most assets. spkl.io/633217zXE1 T #LeveragedETFs #FinanceResearch #RetailInvesting

This paper explains how #China's online music market shifted from widespread piracy to large-scale licensing. Driver was not just stronger #copyrightlaw, but the rise of platforms as “#enforcement infrastructure” capable of policing content across the wider internet. spkl.io/633287zDSk

This paper finds that political language predicts political discrimination. Hostile language is associated with lower cooperation across political lines, while strong conviction can predict less generosity toward political opponents. spkl.io/633237zDmx #PoliticalPolarization #Psychology

This paper finds that #bondtrading platforms may not improve secondary-market prices for #investors. Instead, dealers appear to respond by offering better primary-market bond allocations, shifting the benefits of competition to a different part of the market. spkl.io/633267zDip

This paper finds that banks generally view #AIexposure as a #credit positive, assigning lower default risk to firms in AI-exposed industries. But the effect is much weaker for labor-intensive firms, where #lenders appear more concerned about disruption risks. spkl.io/633267zD5u

This paper finds that #AIpatents face a double hurdle in litigation: they are more likely to be invalidated and less likely to secure infringement findings than comparable non-AI patents. Driven largely by subject-matter eligibility challenges. spkl.io/633267zDj0 #AI #IPLaw

This paper argues that a driver of state formation in premodern Europe was #salt. Where governments could control & tax salt production, territories became more #politically consolidated. Where resources were harder to monopolize, fragmentation persisted. spkl.io/633277zDZJ

This paper argues that territory is the hidden organizing principle of international law. Viewing disputes through the lens of territorial authority helps connect debates over annexation, occupation, statehood, and self-determination. spkl.io/633267zDVG #InternationalLaw

This paper argues that recent expansions of #presidentialpower are not only about conflicts with #Congress or resistance to courts. Contends that the more significant development is an effort to appropriate functions traditionally associated with the #judiciary. spkl.io/633287z8Xy

This paper introduces a #portfolio framework based on #causalseparation where a small set of underlying drivers explains asset co-movements The approach extends Markowitz optimization while aiming to distinguish genuine common causes from mere correlations spkl.io/633267z8rG #Quant

This paper finds that volatile transaction fees can create incentives for Bitcoin miners to strategically target previously mined blocks when rewards differ sharply across adjacent blocks. spkl.io/633257z8MH #Bitcoin #Blockchain #Crypto #DigitalAssets

This paper examines “restoration narratives” in #constitutionallaw: the idea that courts are restoring its original meaning after a historical mistake. This framework helps explain much of the Roberts Court's approach to constitutional interpretation. spkl.io/633267z8GK #LegalTheory

This paper suggests #memestocks are not a new phenomenon.The study traces coordinated retail mispricing back to 1926 and finds that modern communication technologies have amplified its impact by lowering the cost of #investor coordination . spkl.io/633267z8BC #BehavioralFinance

This paper finds that stronger #masculinity norms including expectations around male breadwinning and dominance are associated with higher levels of depressive symptoms among men. The study highlights how cultural norms can shape mental-health outcomes. spkl.io/633217zB4d #MentalHealth

New research argues that prompts used in #AI-assisted document review may reveal legal strategy, factual investigation, and mental impressions—placing them closer to protected work product than ordinary search terms. spkl.io/633237zBL5 #GenerativeAI #eDiscovery #LegalTech

This paper provides a bottom-up audit of Ethereum after the Merge, mapping node locations, hardware, and electricity sources to estimate the network's real-world energy use and emissions. spkl.io/633277KsqJ #Ethereum #Blockchain #Crypto #Sustainability

This paper examine the environmental effects of the #CubanRevolution. The study finds that Cuba became more #emissions-intensive, with greenhouse #gasemissions per unit of GDP rising relative to a counterfactual of comparable Latin American economies. spkl.io/633267KSlq