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Maintaining economic output during COVID-19 pandemic can result in benefits for a firm's shareholders but comes at a potential cost to public health. Using novel retail store-level data, we examine how a CEO's political leanings, measured by political donations, impacts this tradeoff. We...
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extreme tail events, the epidemic experience induces entrepreneurs to undervalue profitable investment projects. In particular …, implying that the reduction in corporate investment is inefficient. Our paper reveals a specific channel through which epidemic …
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Many US companies with December 31, 2019 as their fiscal year end had their Annual Shareholder Meeting scheduled (usually online) during the COVID pandemic. Unexpectedly faced with significant changes in operating environments, some companies decided to suspend shareholder dividend payments. In...
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