In this paper, I examine how labor shortage affects hiring-return relationship. I construct firm-year level measure of labor shortage using textual analysis of firms' SEC fillings. I show that the negative relationship between firm's hiring rate and its future return is only significant for...

This paper investigates the role of corporate social responsibility (CSR) performance in forecasting companys' stock prices and future returns. The forecasting analysis identifies a negative association between CSR performance and proxies of price delay. The negative CSR–delay association is...

This paper examines the relationships among liquidity, earnings management, and stock expected returns by using a sample of Chinese listed firms to investigate 22,022 firm–year observations from 1998 to 2018. Our study reveals that an increase in stock liquidity is associated with a decrease...