Our study examines whether CEOs’ birth order can predict firms’ credit ratings. Consistent with studies that document a positive relationship in the general population between being firstborn and being conservative, our study finds that firms managed by firstborn CEOs tend to have higher...

The literature on CSR disclosure focuses on its economic consequences, but little is known about motivations, especially CEO personal incentives, behind such disclosure. Using an array of CSR reporting measures, we find that career concerns of CEOs early in their tenure motivate them to use...

Using the staggered hosting of Olympic Games as a shock to market participants’ attention to U.S.-listed foreign firms, we find that financial analysts tend to provide more accurate earnings forecasts for U.S.-listed foreign firms from the Olympics-hosting countries after their home countries...