We examine the impact of cross-listing on firm-specific information utilizing the unique features of the Chinese capital markets. By separating the trading activity of domestic Chinese investors from that of foreign non-Chinese investors, we are able to isolate each investor group's relative...

We investigate how a consumer protection law can exacerbate firms’ agency issues. Our analysis focuses on the staggered adoption of state-level data breach notification laws that require firms to disclose data breaches. We find that the enactment of these laws leads to a rise in stock price...

Shared appreciation mortgages (SAMs) realign traditional incentives in the lender-borrower relationship by substituting future capital gains for interest income. This makes them a potentially innovative solution to affordability and other homeownership crises. Taxation and regulatory barriers...

This paper examines the importance of legal rights and enforcement in influencing property-casualty insurance consumption. We extend the existing literature by examining the role both legal and political factors have on determining insurance density across countries. Also, measures of risk...