Few studies have successfully examined the empirical impact of limited information processing on real economic variables. The challenge relies, of course, on the difficulty of measuring an economic agent's degree of attention/inattention paid to different types of information. This paper...

This study tests whether investor belief differences affect the cross-sectional variation of risk-neutral skewness, using data on firm-level stock options traded on the CBOE from 2003 to 2006. Using well known proxies for heterogeneous beliefs, we find that stocks with greater belief differences...

This paper investigates the effect of mandatory corporate social responsibility (CSR) disclosure on outward foreign direct investment (OFDI) of Chinese listed companies. Employing the propensity score matching (PSM) and difference-in-differences (DID) methods to alleviate endogeneity concerns,...