Using aggregated facility-level toxic release data, we estimate the relation of pollution and short interest in the US between 1987 and 2017. Our findings suggest that short interest is significantly higher in polluting firms’ stocks, and that this relation is not an artifact of economic...

Since the 2000s, the European Commission has been paying particular attention to the digital development of the European economy and society. Since 2014, the Digital Economy and Society Index (DESI) has been one of the key tools for monitoring and measuring. In 2021, the DESI index's core...

We examine the relation between chief executive officer (CEO) sensation seeking, which captures the desire for varied, novel, and complex personal sensations and experiences, and corporate debt contracting. Using pilot certificates as a proxy for the personality trait of sensation seeking, we...

We show theoretically and empirically (using a unique dataset of corporate Twitter activity) that corporate decisions to attract attention via social media increase market valuations and decrease the cost of capital. However, these benefits are not available equally to all firms. Adoption of...

This study examines the role of intra-industry information transfers in the analyst forecast-based post-earnings announcement drift. I find that subsequent same-industry-peer earnings announcements influence a firm's post-earnings announcement drift if these subsequent announcements confirm the...