We show that CEOs strategically time corporate news releases to coincide with months in which their equity vests. These vesting months are determined by equity grants made several years prior, and thus unlikely driven by the current information environment. CEOs reallocate news into vesting...

We show that CEOs strategically time corporate news releases to coincide with months in which their equity vests. These vesting months are determined by equity grants made several years prior, and thus unlikely driven by the current information environment. CEOs reallocate news into vesting...

There is considerable anxiety and conflicting advice concerning the benefits of presenting/being evaluated first. In this paper, we investigate how randomly assigned expert evaluators vary in their evaluations of pitches, based on position order, in the premiere innovation fund competition in...

We study non-U.S. companies that have used reverse mergers as a means to adopt U.S. corporate law (and sometimes U.S. securities law as well). Early adopters of cross-border reverse mergers and those firms that hired a Big Four auditor exhibited superior corporate governance outcomes. Later...

How do different sources of social influence impact the likelihood of entrepreneurship? We examine this question in the setting of an entrepreneurship class in which students were randomly assigned to receive mentorship from either an entrepreneur or a non-entrepreneur. Using two longitudinal...

An increasing number of countries are setting up policy programs to attract talented expats to return. Can such programs help reverse the brain drain of elite scientists from developing countries to the developed world? Will they facilitate or hinder returnee scientists’ knowledge...

We estimate the number of machines “covering” a firm by separating machine IPs from human IPs based on the intensity of information retrieval using the EDGAR web log dataset. We investigate the relationship of machine coverage and the cross-section of stock returns and find that stocks in...

Access to state-controlled resources can be a major source of firm-level competitive advantage. However, we know little regarding which firms are most likely positioned to capture the state and access resources beyond what their rule-complying merits command. This is partially due to the...

Transport of dissolved organic matter in runoff water plays a critical role in the increased inputs of nutrients (N and P) and metals (Fe, Cu and Zn) in water, and the deposition of muck sediments in the Saint Lucie Estuary and Indian River Lagoon, Florida. The objectives of this study were to...

We show that CEOs strategically time corporate news releases to coincide with months in which their equity vests. These vesting months are determined by equity grants made several years prior, and thus unlikely driven by the current information environment. CEOs reallocate news into vesting...