We examine the post-IPO excess stock returns of hospitality firms from 1996 to 2012 and find underperformance relative to the market on average. However, there are large differences in returns and some firms significantly outperform. We demonstrate that a substantial portion of this variation...

Psychopathy evidence is frequently used for court decisions involving young criminals, claiming that is it an important predictor of crime. We investigate the effect of psychopathy on crime using a unique panel dataset of young offenders, which allows to analyze several dimensions of...