Firms often register trademarks as they launch new products or services. We find that the number of new trademark registrations positively predicts firm profitability, stock returns, and underreaction by analysts in their earnings forecasts. Using the Federal Trademark Dilution Act (FTDA) as an...

This paper investigates the impact of COVID-19 on travel behavior in different socio-economic segments in the USA using integrated mobile device location data over the period 1 Jan 2020 ~ 20 Apr 2021. A fixed-effect panel regression model is estimated to statistically identify the relationship...

The influence of hydrogen addition (0-100%) on combustion and emission characteristics (NO and CO emission characteristics) of laminar-premixed methane flame under gas turbine relevant operating conditions was numerically studied. The PREMIX code of ANSYS CHEMKIN-PRO and the GRI-Mech 3.0 were...

We build a novel comprehensive dataset of new product trademarks as an output measure of product development innovation. We show that risk-taking incentives in CEO compensation motivate this type of innovation and that this innovation improves firm performance. Using an exogenous shock to...

This paper examines why CFOs become involved in material accounting manipulations. We find that while CFOs bear substantial legal costs when involved in accounting manipulations, these CFOs have similar equity incentives to the CFOs of matched non-manipulation firms. In contrast, CEOs of...

In an integrated corporate tax system, resident shareholders receive a tax credit for corporate tax paid that can be used to offset personal tax on dividend income. Nonresident and tax-exempt (pension plan) investors cannot use the tax credit on corporate dividends and thus prefer to invest in...