There is a provision in the 2010 financial reform legislation that calls for an evaluative process of the hiring decisions of firms that do business with the federal government. Under the provision, federal officials may recommend that the government terminate contracts with companies that do...

We examine whether gender diverse boards prioritize product market concerns over capital market incentives when proprietary cost is high. Using a matched sample of the United States (US) listed companies and difference-in-differences research designs, we find that firms with gender diverse board...

This paper investigates the causes of the "vanishing effect of finance" detected in recent studies. The results highlight that the negative effect of the financial system on growth is mainly driven by advanced economies, whereas finance is still beneficial for income increases in developing...

This paper examines the relationship between changes in the financial sector and the increasing inequality in Germany. For this, first an overview about the development of the main inequality indicators for Germany is given, which show inequality has been rising since the 1980s. Thereafter, the...