This paper reviews the literature on corporate governance and firm performance in economies with relatively dispersed stock ownership and an active market for corporate control, such as the US and the UK. We provide a conceptual overview, suggest important issues, and offer a pathway to this...

Consistent with prior findings that obese individuals tend to be more risk-averse and myopic, we find that firms located in areas with higher obesity rates invest less, grow more slowly, are less profitable, and have higher stock volatility. We mitigate identification concerns by using an...

We use a novel text classification approach from deep learning to more accurately measure sentiment in a large sample of 10-Ks. In contrast to most prior literature, we find that positive, and negative, sentiment predicts abnormal return and abnormal trading volume around 10-K filing date and...