This paper examines the equity loan supply for short selling. Using detailed stock lending data, we show that active equity funds, on average, are informed lenders. The stocks they lend outperform those that they do not. The stocks they recall and sell perform worse in the future than those that...

We show that increases in CEO compensation at new S&P 500 members affect CEO compensation at other firms through compensation peer benchmarking. This compensation contagion propagates via three channels. Direct competition for managerial talent forces firms to respond to peers' pay increases....

This paper tries to better explain the business cycle data in a small open economy. We consider two shocks generating the dynamics of the model, a domestic productivity shock, on the domestic productivity, and a government spending shock, generating positive correlations between savings and...