This paper is the first to provide a comprehensive analysis of how different gender balance initiatives in Europe have impacted firms' board structure. Our sample covers 18 countries over the period 2005-2018. We propose a novel indicator of the strictness of the country's gender balance...

This paper examines the relationship between financial analyst career concerns and their communication style during earnings conference calls. Using a large sample of earnings conference calls for the 2005–2018 period for US listed firms, I find that less experienced and prestigious analysts...

This paper studies the internal organizational design of politicalinstitutions in presence of lobbying. We consider a legislature ascomposed of two bodies: the floor and an informational committee. Thefloor has the (formal) power to choose the policy to be implemented.The policy outcome is ex...

We analyze the dynamics of takeover contests where hostile raiders compete against white knights involved by a lead blockholder of the target firm (the incumbent). We assume that the incumbent has the power to bargain with the potential bidders to set a minimum takeover price. We characterize...