We examine the impact on venture capital (VC) involvement and monitoring on their portfolio companies' corporate social responsibility (CSR) performance. Exploiting the timing of VC exit, we find that CSR performance of VC-backed companies improves after the exit of VC. Using the age of VC funds...

Banks targeted by hedge fund activism reduces racial disparities in mortgage approval rates and interest rates. However, racial differences in mortgage foreclosure rates do not change, suggesting that the effect is not driven by changes in risk or risk preferences. We find that target banks...

Using a unique micro-loan application data set in China, we study the effect of intra-household monitoring in credit access on borrower welfare. In particular, we show that men are more likely than women to evade intra-household monitoring when accessing credit. Using the Chinese government's...

We examine whether and how product market competition with existing competitors affects the content of a firm’s disclosure relative to that of industry peers. We use a topic-modeling technique to extract and compare thematic topics in MD&A disclosure in 10-K filings between industry peers....