Partisan perception affects the actions of professionals in the financial sector. Linking credit
rating analysts to party affiliations from voter records, we show that analysts not affiliated with …

We compare the findings of central bank researchers and academic economists regarding
the macroeconomic effects of quantitative easing (QE). We find that central bank papers find …

Certification by analysts on a FinTech platform that harnesses the “wisdom of crowds” is
associated with successful initial coin offerings (ICOs). We show that favorable ratings by a …

The division of firm surplus between labor and shareholders, and its impact on firms' value
creation, are central topics in strategy theory and practice. Early studies of value …

Many regulatory agency employees are hired by the firms they regulate, creating a
“revolving door” between government and the private sector. We study these transitions …

We explore through both an economics and regulatory lens the frictions associated with
credit rating agencies in the aftermath of the financial crisis. While ratings and other public …

We survey a growing field studying aspects of finance that are potentially illegal, illicit, or
immoral. Some of the literature is investigative in nature to uncover malfeasance that is …

I study whether industry employment of active regulators weakens oversight. To examine
this question, I exploit that the Financial Reporting Enforcement Panel (FREP), the German …

Abstract Information production is key to the efficiency of financial markets. Does selling
information separately improve its production? We investigate this question using MiFID II, a …

Over the past decade, a consensus has emerged among academics and policy makers that
climate change could threaten the stability of banks, insurers, and the broader financial …