We analyze how the law and its enforcement affect equity market equilibrium. Improvements in the legal system, while …

quality of institutions, such as judicial efficiency and rule of law, but have no relationship with measures of shareholder … efficiency and rule of law, but negatively with shareholder rights' protection, controlling for risk and expected earnings growth …

quality of institutions, such as judicial efficiency and rule of law, but have no relationship with measures of shareholder … efficiency and rule of law, but negatively with shareholder rights' protection, controlling for risk and expected earnings growth …

We analyze how the law and its enforcement affect equity market equilibrium. Improvements in the legal system, while …

, nous montrons que la culture nationale influence le lien entre sentiment des investisseurs et rentabilités boursières. L … predictions of behavioral approach. Furthermore, we show that the culture influences the relationship between investor sentiment …

associated with information leakage to competitors. We explore how a country's information environment affects innovation, an … external equity rather than bank debt, indicating that transparency facilitates innovation by reducing the information costs …

We assess whether restrictions on insider trading accelerate or slow technological innovation. Based on over 75 … innovation — as measured by patent intensity, scope, impact, generality, and originality. Furthermore, the evidence is consistent … with the view that restricting insider trading accelerates innovation by improving the valuation of, and increasing the …

investment decisions in innovation. We show that these negative effects are particularly harmful to innovation in markets with …

Local opioid abuse reduces net worker inflows, taxable income, high skilled labor, corporate and aggregate innovation … and amenities as a channel for these negative effects of opioid abuse on human capital and innovation. Our results are …

We examine how the regulation of financial reporting frequency affects corporate innovation. We use a difference … reduces treatment firms' innovation output, but find no evidence that the net externality effect on industry peers is … myopia and impedes corporate innovation …