Firms enjoy wide discretion in their disclosure of patent-related events, which investors generally view as "good news" announcements. This study examines patent disclosure behavior before earnings announcements in light of managers incentives to avoid the stock price-related consequences of...

Using CEO severance contracts during 1992-2010, we find that CEOs with a severance contract tend to reduce corporate investments, impede innovation, and decrease firm risk across several dimensions, leading to shareholder value destruction. This negative value effect is stronger during the...

ABSTRACTChapter I Does Corporate Governance Make a Difference in Hard Times?Using data from proxy statements, I investigate the impact of various firm characteristics and corporate governance measures on firm performance during a period of an exogenous economic shock. The first sample...