Earnings conference calls represent an important communication channel for investors to observe managerial behavior. We examine the impact of executive temperament using weather conditions at executive locations during these calls. Using a large sample of earnings conference calls from 2006 to...

Previous event studies of corporate cyber-risk have been limited to successful attacks on public firms but are biased samples constructed based on the economic magnitude of equity losses. To address this selection bias, we construct a larger and more representative sample of cyber intrusions...

We construct a balance sheet based network model to study the interconnectedness of US banking system. After a simulation analysis of the buffer effect of contingent convertible (CoCo) debt in controlling contagion in the banking network under a theoretically motivated model, we use 13-F filings...

We introduce a minimum spanning tree framework to describe the risk dependencies and interactions of both total and idiosyncratic risk in the energy sector. We apply the framework to equity and CDS spread data of 51 domestic and 116 international energy firms, both non-renewable and renewable,...

This paper studies how the ease of repossessing collateral in bankruptcy affects corporate disclosure policy. Using a plausibly exogenous variation of the ability to repossess assets generated by state anti-recharacterization laws, we find that the anti-recharacterization laws, which make...