
Blake RayfieldUniversity of North Florida | UNF · Coggin College of Business
Blake Rayfield
Ph.D. in Financial Economics
About
15
Publications
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Introduction
Skills and Expertise
Publications
Publications (15)
Purpose
This study aims to explore the impact of employee litigation on the innovation output of firms, specifically within the pharmaceutical sector, by examining the relationship between employee lawsuits and Food and Drug Administration (FDA) product approvals.
Design/methodology/approach
Utilizing a hand-collected dataset comprising 2,293 empl...
This study explores how federal procurement contracts influence shareholder value, revealing a consistent positive correlation between the size of the initial award and investor reactions. We uncover a significant impact of the contract's Sweetheart Index on investor responses, with no‐bid (sole source) contracts, defense contracts, service contrac...
The relationship between borrowers and lenders can reveal a lot of information regarding loan pricing, information costs, and competition. In this study, the authors investigate the impact of FinTech lenders on Paycheck Protection Program (PPP) loan disbursement. Specifically, the authors investigate financial technology companies’ ability to provi...
Purpose
The aim of this study is to discuss the idea that the legal cost of environmental violations, along with reputational concerns, may persuade firms to generate more green patents.
Design/methodology/approach
This study examines the relationship between firms generating green patents and environmental violations. The authors show the green i...
In this study, we investigate how institutional investors help mitigate business‐related risks in a corporate environment. Using a large sample of employment disputes, litigations, and court cases, we find that institutional investors play a significant role in reducing employment litigation. We observe that firms with larger shares of institutiona...
In 1971, the patent for the Automated Teller Machine was awarded to David Wetzel. While possibly not the first application of financial technology, since 1971 time, the innovation in the financial industry has grown beyond expectations. However, most studies in innovation ignore the financial sector altogether. In this study, the authors investigat...
Abstract
Purpose
The authors study the relationship between CEO overconfidence and litigation risk by examining employee-level lawsuit data. The purpose of this paper is to better understand the executive characteristics that potentially affect the likelihood of employee litigations.
Design/methodology/approach
The authors employ a unique data set...
This study investigates if antitakeover provisions are a value-enhancing indicator of corporate governance by estimating the effect of takeover susceptibility to labor litigations. Using a unique hand-collected dataset of employee lawsuits, we find a positive relationship between employee litigation and takeover protection. We document that employe...
In this study, we use a unique hand-collected dataset of employee lawsuits to understand the effect of litigation on CEO turnover. We gather 28,258 employee disputes (after initial court hearing) dating between the years 2000 and 2014 to test the relationship between executive turnover following employee allegations. We find increased turnover of C...
In this study, we use a unique hand‐collected data set of employee lawsuits to understand the effect of litigation on CEO turnover. We gather 28,258 employee disputes (after initial court hearing) dating between the years 2000 and 2014 to test the relationship between executive turnover following employee allegations. We find increased turnover of...
In this research paper, we investigate if institutional investors influence corporate innovation in the US pharmaceutical industry. We hand collect unique datasets from the Food and Drug Administration (FDA), including drug patents, drug approvals, medical device approvals, and Phase I-II-III drugs under clinical testing. We find that higher instit...
Abstract
Purpose : The purpose of this paper is to use a unique, hand-collected data set of Food and Drug Administration (FDA)-approved products to understand the effect of lobbying on the product market. The authors gather total 86,462 FDA labels including drug patents, drugs, pre-market approvals and medical devices and test the relationship be...
Purpose
The purpose of this paper is to analyze whether investors perceive the issuance of sukuk differently than they do in case of conventional bonds, by using event study with superior data. Then, it analyzes whether financial characteristics of issuers can explain the abnormal return and likelihood of sukuk issuance. Finally, the paper proposes...
Purpose
This paper investigates proprietary data from customers of a Southern Louisiana credit union. It analyzes factors that contribute to an accelerated failure time using information from customers’ credit applications as well as information provided in their credit report.
Design/methodology/approach
This paper investigates the factors that...
The general consensus on the status of Islamic bank regulation in previous research literature has indicated that there are several improvements that need to be made in order for Islamic bank regulation to become effective. This paper examines a survey administered to Islamic finance stakeholders from 41 countries on the current status of Islamic b...