Human capital is a major impetus for technological innovation. Yet, there is little academic research about voluntary corporate disclosure targeted to labor market participants. Most prior research examines voluntary disclosure to investors and generally reports less disclosure as product market...

This study examines the association between informed short selling and a firm’s position in the board interlock network formed by shared directors. We find that better-connected firms experience higher levels of informed short selling and that this association is driven by both eigenvector...

We examine the effect of second-generation state antitakeover laws (ATLs) on accounting conservatism. We adopt a novel methodology that corrects for selection bias resulting from firms' endogenous incorporation decision. Focusing on the period from when these ATLs became constitutional, we find...

We examine the role of institutional investors in firms¡¯ innovation strategies. We find that although institutional shareholding is positively related to the likelihood of patenting, it is not related to firms¡¯ exploratory innovation activities. Moreover, the presence of a block...