In recent years, firms have implemented advance notice provisions (ANPs) in their bylaws. ANPs require shareholders to comply with certain procedures and disclosure requirements if they intend to nominate directors at a shareholders' meeting. With a focus on ANPs, this is the first study that...

Passive bond funds provide predictable demand for newly issued corporate bonds included in popular indices. By issuing index-eligible bonds, firms can take advantage of this passive demand and improve bond characteristics unrelated to index eligibility. We find that higher passive demand...

The declining number of U.S. public companies has attracted concern from regulators, prompting changes to make the IPO process more attractive. One set of changes (the JOBS Act) was designed to reduce IPO costs by allowing eligible firms to test the waters with investors and reduce disclosure,...

We model firms' incentives to voluntarily adopt corporate governance mechanisms and hypothesize that management's ability to extract private benefits, the need for external funds, and the ease with which a firm's assets may be monitored are important determinants of the level of governance....