This paper examines the effect of the Black Lives Matter (BLM) movement in mitigating racial discrimination in mortgage lending. We first validate that BLM protests are associated with increased awareness and reckoning of racial inequality by local residents. From a sample of mortgage loans...

This study examines whether including sexual orientation as a protected class in federal fair lending regulations mitigates discrimination against same-sex co-borrowers in home mortgages. Relative to mortgages in states with similar protections in state laws, we predict and find that the federal...

We examine how regulatory restrictions on capital market activity affect the compensation contracting environment within firms. This study aims to expand our understanding of how financial market development affects firm risk-taking via management compensation designs. Specifically, taking...