In the spirit of Merton (1987), we find that improving the dissemination of company news increases the attention investors pay to a firm. We exploit a...
We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience produce more patents. We...
We propose a theory of strategic Corporate Social Responsibility (CSR). Value maximizing shareholders play an industry CSR game where they can opt for...
In this study, we use earnings management to examine (1) how investors regard a CEO’s commitment to honesty and (2) the impact of their perceptions, in...
This paper examines racial preferences of shareholders in the context of corporate director elections. We document a higher propensity of mutual fund...