We study the life cycle performance of hedge fund managers. We are the first to find that hedge fund managers have a life cycle relationship between their work experience and performance. In the early years of their profession, fund managers work hard to build up their expertise. As a result,...

With cryptoassets increasingly becoming part of companies’ financial statements, we explore three key auditing consequences following firms’ substantial involvements with cryptoassets: audit fees, auditor turnover, and restatement. We find increases in audit fees, which are driven by firms...

The end of the promotion tournament is rarely the end of the road. Thus, it is important to study whether middle-level managers sustain efforts after getting passed over for promotion. Using 2,792 manager-year observations between 2014 and 2018 from a large telecom service provider in China, our...

We present a wage-hours contract designed to minimize costly turnover given investments in specific training combined with firm and worker information asymmetries. It may be optimal for the parties to work ‘long hours’ remunerated at premium rates for guaranteed overtime hours. Based on...

This document reports additional tables discussed in the paper “Corporate Innovation in the Cyber Age”. This tables complements those included in our study. In particular, Table OA.I extends Table I, in the paper, by reporting a long list of recent working paper investigating the financial...

EdTech which includes online education, computer assisted learning (CAL), and remote instruction was expanding rapidly even before the current full-scale substitution for in-person learning at all levels of education around the world because of the coronavirus pandemic. Studies of CAL...

Power grid interconnection is an effective way for energy interchange among subareas to improve energy utilization. The conventional integrated Power Flow (PF) method is effective to analyze system operation state under the circumstance of complete power network information. However, for...

Denitrification is an important step in domestic wastewater treatment, but providing bioavailable electron donors is an expense. However, some industrial wastewaters contain organic compounds that could be a no-cost electron donor. In this work, quinoline was used as an electron donor to drive...