We find that cultural proximity between auditors and CFOs is associated with audit quality. We use recent mandated PCAOB disclosures of engagement audit partners to construct cultural proximity between engagement audit partners and client executives. Building on an extensive literature on...

Natural disaster events such as drought affect the broader economy and inflict adverse consequences for firms because of spill-over effects in an integrated economy. Contrary to the expectation that firms would engage in higher levels of corporate tax avoidance strategies when they experience a...

We aim to examine the relation between CEO’s early-life experience of disasters and corporate environmental performance. We hypothesize that CEO’s early-life exposure to the adversity of natural disasters acts as a catalyst for a change in CEO’s awareness and cognitions that accompanies a...

The fierce aerospace competition between superpowers results in a strong public attention to satellite launch events in the U.S. Under limited attentional resources, U.S. investors allocate their attention more to market-level shocks than firm-specific shocks, making stock returns to comove more...

This study investigates whether the ability of top management teams (TMTs) influences efficient just-in-time (JIT) inventory management. Using a sample of U.S. listed firms spanning the period 1987 to 2018, our analyses, via mediation and moderation tests, show that more able TMTs enhance firm...

We find that managers of firms with greater labor mobility (LM) face higher personal evaluation risk (i.e., higher likelihood of performance-driven forced turnover), especially among firms with more transparent performance disclosures. Moreover, managers of high-LM firms tend to adopt...