Using a unique sample, we attempt to identify the consequence of the separation between inside ownership and control for firm performance. We exploit...
This paper studies the two potentially contrasting effects on IPO pricing and post-IPO operating performance of family ties as well as social ties the...
We examine how negative liquidity shocks to households propagate to the firms they own. Our main tool for identification is a tax-driven shock to the...
We show that female directors have a significant impact on board inputs and firm outcomes. In a sample of US firms, we find that female directors have...