Results 1 to 10 of about 82,159 (47)
Sustainable Investing, 2021 We analyze an extensive proprietary database of corporate social responsibility engagements with U.S. public companies from 1999–2009. Engagements address environmental, social, and governance concerns.
Hanna Silvola, Tiina Landau
semanticscholar +1 more source
Accounting Review, 2023 We investigate the effect of board gender diversity (BGD) on investment outcomes. We identify variation in BGD by compiling, for the first time, a global catalog of 83 BGD interventions implemented in 59 countries between 1999 and 2021.
D. Baik +2 more
semanticscholar +1 more source
Are Credit Markets Still Local? Evidence from Bank Branch Closings
American Economic Journal: Applied Economics, 2019 This paper studies whether distance shapes credit allocation by estimating the impact of bank branch closings during the 2000s on local access to credit. To generate plausibly exogenous variation in the incidence of closings, I use an instrument based on
Hoai-Luu Q. Nguyen
semanticscholar +1 more source
Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
Business Research QuarterlyThis essay explores the evolving landscape of corporate governance amid global disruptions and changing stakeholder demands. We argue that traditional governance models are unable to effectively address contemporary challenges such as technological ...
Ruth V. Aguilera, Maria Ruiz Castillo
semanticscholar +1 more source
Concentration Thresholds for Horizontal Mergers
The American Economic Review, 2022 Concentration-based thresholds for horizontal mergers, such as those in the US Horizontal Merger Guidelines, play a central role in merger analysis but their basis remains unclear.
Volker Nocke, M. Whinston
semanticscholar +1 more source
Product Differentiation and Oligopoly: A Network Approach
Social Science Research NetworkI present a new theory of oligopoly and markups in general equilibrium, based on an innovative, scalable hedonic demand system, which I take to the data for the universe of US public firms.
Bruno Pellegrino
semanticscholar +1 more source
Governance Under Common Ownership
The Review of financial studies, 2018 Conventional wisdom is that diversification weakens governance by spreading investors too thinly. We show that, when investors own multiple firms (“common ownership”), governance through both voice and exit can strengthen—even if the firms are in unrelated ...
Alex Edmans, Doron Levit, D. Reilly
semanticscholar +1 more source
Learning to Coordinate: A Study in Retail Gasoline
The American Economic Review, 2019 This paper studies equilibrium selection in the retail gasoline industry. We exploit a unique dataset that contains the universe of station-level prices for an urban market for 15 years, and that encompasses a coordinated equilibrium transition mid ...
David P. Byrne, Nicolas D B. Roos
semanticscholar +1 more source
Wall Street and Product Quality: The Duality of Analysts
Accounting ReviewWe investigate the role of financial analysts in product quality failures. Relying on information about product recalls, we first show that analyst coverage on average reduces product quality, particularly when managers face greater short-term pressure
Yinghua Li +3 more
semanticscholar +1 more source
Do Institutional Investors Process and Act on Information? Evidence from M&A Targets
The Review of Corporate Finance StudiesWe document important links between targets’ institutional ownership and takeover-bid outcomes. Firms’ institutional ownership increases the likelihood of receiving stock-for-stock bids.
Kirak Kim, Ellie Luu, Fangming Xu
semanticscholar +1 more source