The Systemic Governance Influence of Expectation Documents: Evidence from a Universal Owner
The Review of Corporate Finance Studies, cfae009
Gender Promotion Gaps: Career Aspirations and Workplace Discrimination
Using a representative survey of U.S. lawyers, we document a sizeable gender gap in early partnership aspirations, which explains half of the later...
Timing Complex News to Target Attention
Investors have limited and time-varying attention. These constraints are heterogeneous across investors, which can create asymmetric information and...
Managerial Response to Shareholder Empowerment: Evidence from Majority- voting Legislation Changes
This paper studies how managers react to shareholder empowerment that makes the votes on shareholder proposals regarding majority-voting director...
The Systemic Governance Influence of Universal Owners: Evidence From an Expectation Document
Universal owners - large institutional investors with highly diversified and long-term portfolios spanning the entire global capital market - have...
Price and Probability: Decomposing the Takeover Effects of Anti-Takeover Provisions
Journal of Finance, 75 (5), 2591-2629
Firing the wrong workers: Financing constraints and labor misallocation
Journal of Financial Economics, 133 (3), 589-607
Long-Term Debt and Hidden Borrowing
The Review of Corporate Finance Studies, Volume 3, Issue 1-2, Pages 87–122
Say Pays! Shareholder Voice and Firm Performance
This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on...
Financing Constraints, Firm Dynamics, Export Decisions, and Aggregate productivity
We develop a dynamic industry model where financing frictions affect the entry decisions of new firms in the home market, as well as the riskiness of...
The Vote is Cast: The Effect of Corporate Governance on Shareholder Value
This paper estimates the effect of corporate governance provisions on shareholder value and long-term outcomes in S&P1500 firms. We apply a regression...
Executive compensation and competition in the banking and financial sectors
This paper studies the effect of deregulation and increased product market competition on the compensation packages that firms offer to their...
Long-term debt and hidden borrowing
We consider borrowers with the opportunity to raise funds from a competitive banking sector that shares information, and from an alternative hidden...
