Internal whistle-blowing systems are supposed to fight misconduct within organizations. Because it is difficult to study their efficacy in the field, scientific evidence on their performance is rare. This is problematic, because these systems bind substantial resources and might generate the...

Sentiment from over 3.6 million Reuters news articles is tested in a vector autoregression model framework on its ability to forecast returns of the Dow Jones Industrials stock index. We show that Reuters sentiment can explain and predict changes in stock returns better than macroeconomic...

We show that sentiment from newspaper articles can explain and predict movements in the term structure of US government bonds. This effect is stronger at the short end of the curve, coinciding with greater volatility and investors' need to continually reassess the Fed's reaction function. Facing...

We explore aversion to the use of algorithms in moral decision-making. So far, this aversion has been explained mainly by the fear of opaque decisions that are potentially biased. Using incentivized experiments, we study which role the desire for human discretion in moral decision-making plays....

Ethically, it is debatable whether we may program autonomous systems (AS) to actively impose harm on some to avoid greater harm for others. Responses to surveys on ethical dilemmas in the programming of self-driving cars have shown that people favor to impose harm on some people to save others...

Moral luck means that an actor is morally praised or blamed for an action whose outcome she could not influence. We investigate the importance of this phenomenon in the realm of investments that are increasingly subject to ethical evaluation. We use an online experiment to examine whether...

Euro coins have a common European side and an individual national side. Thanks to coin migration, coins bearing a panoply of national sides are in circulation throughout the euro area. In this paper, we model the mixing of coins circulating in the euro area countries and in particular the extent...