I examine whether corporate managers learn from institutional investors through direct
interactions at investor conferences. I find that managers seek more direct interactions with …

Using comprehensive data on US corporate bond trades since 2002, we find evidence that
retail bond investors overrely on untimely credit ratings to their financial detriment …

Theories of delegated monitoring predict that when public disclosure is costly, monitoring by
a large investor leads management to supply more private information to that investor, and …

This study documents a puzzling historical trend in crash risk for US‐listed firms: between
1950 and 2019, the firm‐year occurrences of idiosyncratic stock price crashes rose from …

Whether performance commitment will become a tool for insiders to pursue self-interest
through cashing out at a high price is an important issue worthy of research. While …

We offer empirical evidence on the role of accounting information in shaping the incentives
to produce fake news. We document that fake news authors strategically (1) publish their …

Expert networks provide investors with in-depth discussions with subject matter experts.
Expert call demand is higher for younger, technology-oriented firms and those with greater …

This study investigates the stock price pattern around seasoned equity offerings and the
response of primary market investors to such a price pattern in an environment with weak …

This article compares actual R&D spend with the managerial rhetoric around technology
and innovation contained within corporate disclosures of US-listed firms. We find that, whilst …

This paper explores the puzzling trend observed in US-listed firms between 1950 and 2018;
specifically, firm-specific stock price crashes rose from 6.5 percent to an astonishing 27 …