Exploiting two quasi-natural experiments, we find that firms increase emissions of toxic pollution following decreases in analyst coverage. The effects are stronger for firms with low initial analyst coverage, poor corporate governance and firms subject to less stringent monitoring by...

We document novel evidence on the spillover effect of a corporate control regulation on localmortgage markets. We find that banks directly targeted by the Sarbanes-Oxley Act (SOX) torectify their internal control weaknesses reduce mortgage originations following the regulation’senactment. This...

Using Glassdoor data we show that women are less satisfied at work than men and that female and male employees differ in their workplace preferences. In particular, female employees care more about work-life balance but this difference vanishes at the manager level, illustrating the role of...

Small banks are targets of a large number of cyberattacks. Using a sized-matched difference-in-differences design, we document that successful cyberattacks decrease branch deposit growth rates at small US banks. This decrease is due to bank-specific reputational damages that erode the trust of...

Banks open more branches and make more lending near their Chief Executive Officers' (CEOs) childhood hometowns. The effects are stronger among information-ally opaque borrowers and among CEOs who spend more time in their childhood hometowns. Furthermore, loans originated near CEOs' hometowns...

Nearly 30% of US banks employ at least one board member who currently serves (or has previously served) the Federal Reserve in a public service role. Public service roles take the form of Federal Reserve directorships or memberships in Federal Reserve advisory councils. We show that connections...

We examine how the information environment influences bank regulatory monitoring. Using the distance between banks and regulatory field offices as a proxy for information asymmetry, we show that an increase in distance reduces the quality of financial reporting. To establish causality, we use a...