Corporate governance and firm disclosure are endogenously determined. We exploit locally exogenous variations in corporate governance created by "close-call" governance-related shareholder proposals, using a fuzzy RDD and the techniques developed in text analytics to examine whether better...

We use a natural experiment to weigh conflicting theories on the causal impact of shareholder litigation threat on the readability of corporate financial disclosures. In response to a 1999 Ninth Circuit Court of Appeals ruling that caused an unexpected reduction in litigation risk, we find that...

Purpose: In China, healthcare services have historically been expensive and difficult to access, with resources being unfairly distributed, often being centralized in large hospitals in major cities. In rural regions, hospitals often suffer from limited supplies, including human capital and...