Corporate life cycle has received considerable interest in the accounting, finance and
corporate governance literature. We synthesize this literature to inform readers about the …

ABSTRACT I identify the effects of personal relationships on loan contracting using
executive deaths and retirements at other firms as a source of exogenous variation in …

Organisation capital is an important firm-specific resource that is linked to value created by
key talents, and the risk arising from the unexpected departure of key talents is detrimental to …

The mere marketing of firms as environmentally friendly does not mean that the firms are
genuinely green. In this paper, we propose a new measure, Green Score, to capture firms' …

This paper studies how the labor market frictions of skilled workers affect corporate
valuation. The analysis features immigrant workers' mobility constraints imposed by the US …

This study investigates the impact of human capital (HC) quality on stock returns. We
propose a measure of the quality of HC embedded in firms' organization capital and show …

Purpose This paper aims to investigate how organization capital influences different forms of
corporate risk. It also explores how the relationship between organization capital and risks …

We investigate the importance of client relationships in the financial advisory industry. We
exploit firm-level variation in adoption of the Broker Protocol, which enabled clients to follow …

Human capital is a primary source of value in modern firms, yet little is known about what
employee information firms disclose and whether it is timely and informative. We examine …

As the death or a major accident of a key person will bring a firm with disastrous losses, key
person insurance has attracted increasing attention worldwide. But key person insurance is …