When commitment is lacking, intertemporal trade is facilitated with the use of exchange media — interpreted broadly to include monetary and collateral assets. We study the properties of a model commonly used to motivate monetary exchange, extended to include a physical asset whose expected...

Prior research establishes that media coverage can influence manager behavior by broadly distributing information and directing the attention of investors and other stakeholders. In this study, I investigate whether and how firm-specific media coverage affects managers' voluntary disclosure...