We take advantage of both the relatively high concentration of insider ownership in Australian firms, absent the dominance of founding families, and the widespread issuance of non-tradable rights to examine the heterogeneous influence of insider and monitor shareholders in shaping the firm's...

We take inspiration from the linguistic relativity hypothesis and investigate language as a driver of risk in financial markets. Specifically, we explore whether the strength of future-time reference (FTR) in a language affects the risk of investing in stocks in companies doing business in the...