Corporate managers often invest in activities that are deemed to be socially responsible. In some instances, these investments enhance shareholder value. However, in other cases, altruistic managers or managers who privately benefit from the positive attention arising from these activities may...

We examine the relationship between CEO political alignment, compensation, and pay disparity (relative to other high-earning executives) and find that Democratic CEOs accept less pay and a significantly lower pay slice. That is, left-leaning CEOs put their money where their mouth is regarding...

There remain open questions regarding whether board of director ethnic and gender diversity increases or decreases firm value. Additionally, prior research has yet to examine the value effects of a diverse board in the presence of a gender/ethnic minority CEO. Using the KLD social ratings...