We show that, in the presence of correlated investment opportunities across firms, risk sharing between firm shareholders and firm managers leads to...
We examine the links between CEO overconfidence, the speed of adjustment (SOA) of cash holdings, and firm value for listed US firms. First, we find that...
We hypothesize that labor participation in governance helps improve risk sharing between employees and employers. It provides an ex-post mechanism to...
We develop a method that identifies the attention paid by earnings call participants to firms' climate change exposures. The method adapts a machine...