Financial decisions are among the most important life-shaping decisions that people make.
We review facts about financial decisions and what cognitive and neural processes …

Despite the long-standing research interest in the pre-deal phase of mergers and
acquisitions, many important questions remain unanswered. We review and synthesize the …

This paper uses surveys to document CFO perspectives on corporate planning, investment,
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …

Socially responsible investing has taken the corporate world by storm. Funds invested
according to a company's environmental, social, and governance (" ESG") performance …

In the past few decades, economic analysis of law has been challenged by a growing body
of experimental and empirical studies that attest to prevalent and systematic deviations from …

Winner of the 2000 Max Weber prize, awarded by the Section on Organizations,
Occupations, and Work, of the American Sociological Association, for the best book on …

We document the importance of covenant violations in transmitting bank health to
nonfinancial firms. Roughly one‐third of loans in our supervisory data breach a covenant …

This paper examines whether and how business diversification affects financialization in
non-financial corporations. Using data from the Chinese market, we find that business …

Personal experiences of inflation strongly influence the hawkish or dovish leanings of
central bankers. For all members of the Federal Open Market Committee (FOMC) since …

I show dividend policies have peer effects. My estimates indicate that firms speed up the
time taken to make a dividend change by about 1.5 quarters and increase payments by 16 …