With the increased focus on corporate culture as an important determinant of organizational behavior and outcomes, we study how corporate culture affects firm financial reporting quality. Relying on the Competing Values Framework (CVF) to define four types of corporate culture, we find that...

This study investigates whether corporate culture of a firm impacts its tax shelter behavior. We use novel machine learning methodology to measure corporate culture of a firm. The analyses show that firms with stronger corporate culture are more likely to engage in tax shelter behavior and...

We examine the determinants and financial reporting quality implications of false news about a company. False news is defined as information presented as factually accurate, but contain fabricated facts and is deliberately made public to mislead the reader. Importantly, it is later denied by a...

Research on mergers and hedge funds find that the risk arbitrage spread has contracted. This paper investigates the role financial analysts have on risk arbitrage by comparing mergers where a single analyst covers both the target and the acquirer prior to the deal announcement. We find that...

We extend the literature by investigating whether analysts cater their coverage to investor information demand. Results suggest that analysts' coverage is contemporaneously positively associated with investor information demand, and negatively associated with the previous time periods...

This study examines the role of financial misconduct of institutional investors on aggressive financial reporting practices of investee firms. We find that firms held by institutional investors with disciplinary history (IDH) are more likely to engage in aggressive financial reporting practices....

This paper investigates whether political orientation has an influence on residential real estate returns in the context of the Covid-19 pandemic. Using county level housing data from January to June 2020, we document that the Democratic counties and the counties with higher prosocial scores...

We find a significant price premium ($21,000+ per house on average) for houses with energy-saving (green) features. Using hand-collected data to estimate the house-specific NPV of individual green features, we find that the economic value of green feature(s) cannot explain the green price...

We find a significant price premium ($21,000+ per house on average) for houses with energysaving (green) features. Using hand-collected data to estimate the house-specific NPV of individual green features, we find that the economic value of green feature(s) cannot explain the green price...

This study investigates the effect of employee financial stress on financial reporting outcomes. Anxiety related to stress results in emotional exhaustion and reduced job performance. The conservation of resources theory predicts that anxiety caused by financial stress decreases employees’...