We investigate whether incentives to join the Fortune 500 affect corporate decisions. Firms closer to the cutoff appear to take actions to join the list by engaging in more M&A activity, bidding for larger targets, and paying higher takeover premia. Further, the relation is stronger for firms...

We investigate whether suppliers adjust innovative supply-chain investment following stock market signals about customers' economic prospects. We show that suppliers increase R&D and investments in customer-related patents after positive market reactions to customers' new product announcements....