While product and company reputation are among the most valued intangible assets, we have little understanding of when and why managers focus on such resources. This shortcoming has limited both the resource-based and attention-based views of the firm. We construct a novel and comprehensive...

The transparency of the information environment in which US firms operate, as measured by the strength of state-level freedom of information (FOI) laws, is negatively associated with industrial pollution. Not only do the emissions of firms decrease as FOI laws become stronger, the overall level...

Routinely granted injunctions during patent lawsuits have been regarded as a significant obstacle to firm innovation. We use the 2006 Supreme Court ruling in eBay v. MercExchange that reduced injunction likelihood in cases related to information and communications technology (ICT) patents to...

This paper examines how corporate infringement with respect to intellectual property (IP) is associated with institutional investors’ investment horizons. Using a comprehensive and unique database of IP infringement cases involving patents, trademarks, and trade secrets, we show that firms’...

In this paper, we examine whether and how firms’ brand capital is hurt by cybersecurity breaches. Our difference-in-differences analysis based on matched pairs indicates that firms suffering cybersecurity breaches are associated with more canceled trademarks, fewer trademark registrations, and...

In this paper, we examine whether and how FAS 123R, an exogenous negative shock to firms’ incentive to grant options to employees, influences their brand capital. We find that firms with a high level of unexpensed employee stock options before FAS 123R suffer a lower success ratio of new...