According to our survey about climate risk perceptions, institutional investors believe climate
risks have financial implications for their portfolio firms and that these risks, particularly …

We investigate the association between Environmental, Social, and Governance (ESG)
ratings and stock performance during the COVID-19 crisis. Although there is mixed evidence …

Through a survey and analyses of observational data, we provide systematic evidence that
institutional investors value and demand climate risk disclosures. The survey reveals the …

Relative to other countries, the US now has abnormally few listed firms. This “US listing gap”
is consistent with a decrease in the net benefit of a listing for US firms. Since the listing peak …

This paper examines whether investor relations (IR) officers provide value by facilitating the
assimilation of firm information by the market. We find that firms with IR officers have lower …

We study the effect of investor horizons on a comprehensive set of corporate decisions. We
argue that monitoring by long-term investors generates decision making that maximizes …

Investor relations officers (IROs) play a central role in corporate communications with Wall
Street. We survey 610 IROs at US public companies and conduct 14 follow-up interviews to …

We construct novel measures of financial constraints using textual analysis of firms' annual
reports and investigate their impact on stock returns. Our three measures capture access to …

We examine the impact of investor interaction on the valuation of listed companies. We have
developed distinctive micro-databases and indicators to delve into the impact of investor …

Prior research documents capital market benefits of increased investor attention to
accounting disclosures and media coverage; however, little is known about how investors …