Purpose: This study aims to examine the information transfer effects of customers’ credit rating downgrades on supplier firms. Design/methodology/approach: In this study, the authors use suppliers’ cumulative abnormal returns around customers’ credit rating downgrade events to identify...

Purpose: As focal buyers implement sustainable supplier management (SSM) to advance their supply chain sustainability, the purpose of this paper is to provide a more nuanced understanding of how buyers’ use of power may incite varying perceptions of justice from suppliers that affect...

Purpose: As supply chain sustainability has become more urgent than ever before, this study aims to provide a more nuanced understanding of how supplying firms’ sustainability motives influence their compliance and commitment, as well as sustainable performance, as they respond to buyers’...

Diether, Lee, and Werner (2009) show that, in general, short sellers are contrarian in both contemporaneous and past returns and able to impressively predict future returns, this study examines these trading characteristics during both the trading day and the after-hours period. Interestingly,...

Following prior studies that suggest that option volume contains information about underlying stock prices, we examine option activity prior to earnings announcements. Results in this study show that put (call) volume relative to total option volume is higher prior to unfavorable (favorable)...

We provide evidence that some profitable insider stock selling is motivated by public information. At firms that disclose having concentrated sales relationships, insiders appear to sell their own stock profitably based on public information about their principal customers. Supplier insiders...

We explore similarities in insider trading as a proxy for information flows. We observe that corporate insiders cluster trades around those of other insiders at their firm, especially around trades of insiders with whom they work closely. Clustering is greater when informational advantages are...