Initial coin offerings (ICOs) have emerged as a popular method to raise capital by startups. During the ICO process, issuers release white papers, which serve as the primary offering documents. Unlike traditional corporate disclosures, ICO disclosures are largely unregulated. We hypothesize that...

Human capital is a major impetus for technological innovation. Yet, there is little academic research about voluntary corporate disclosure targeted to labor market participants. Most prior research examines voluntary disclosure to investors and generally reports less disclosure as product market...

We investigate whether customer satisfaction, measured by product ratings on Amazon.com, is associated with ineffective internal control over financial reporting. Internal control weakness will likely corrupt the information environment, compromise coordination, and divert corporate resources...

This article empirically investigates the impact of macroeconomic uncertainty on the spreads of individual firms' Credit Default Swaps (CDSs). While the existing literature acknowledges the importance of the levels of macroeconomic factors in determining CDS spreads, we find that the second...

This paper uses an enterprise-population-level dataset to investigate the link between globalization and gender inequality in the Chinese labor market. We find that foreign and exporting firms employ more female workers than domestic nonexporters. Foreign participation and export orientation...

This paper investigates the effect of corporate globalization on bank loan contracts, as reflected in both price and non-price loan terms. We show that globally diversified firms receive more favorable valuation from creditors than domestic firms do. Specifically, we find strong evidence that...

This paper empirically investigates the impact of macroeconomic uncertainty on the spreads of individual firms' credit default swaps (CDS). While existing literature ac- knowledges the importance of the levels of macroeconomic factors in determining CDS spreads, we find that the second moments...