Flame normalizing is innovatively applied to enrich the preferential crystal plane of Zn-affinitive Sn layer on Zn anode and enhance Sn/Zn interaction concurrently, thus resulting in robust and stable Zn metal anodes. Theoretical calculations and experimental results reveal that such Sn layers...

We find that financial analysts provide more thorough forecasts when firms’ institutional investors are distracted (i.e., when firms are neglected). We establish the causality of the effect by identifying exogenous shocks leading to institutional investor distraction following Kempf, Manconi,...

Motivated by the SEC’s proposal for requiring disclosure on “actually paid” executive compensation, we use hand-collected actual payout data from CEOs’ accounting performance-based incentive plans to evaluate the usefulness of such disclosure. We find that actual payouts contain...

Family firms comprise more than one third of U.S. public firms. They differ significantly from widely-held firms in their promotion-based tournament environment and agency conflicts. These differences are likely to affect the design and efficacy of compensation incentives. However, most existing...

We examine the effect of bank interventions on corporate tax aggressiveness via the lens of debt covenant violations. Using three identification strategies, we find that bank interventions have a negative effect on corporate tax aggressiveness. This effect is less pronounced for more financially...