This paper examines whether and to what extent loan officers' labor mobility affects the origination and modification of U.S. residential mortgage loans. Our identification relies on a spatial regression discontinuity design instituted by staggered adoption of the inevitable disclosure doctrine...

We advance a multistakeholder framework that highlights the influence of stakeholders in tempering short-termist responses to capital market pressures. When firms face pressure from short sellers in the capital market, they sometimes shift attention to short-term stock performance and neglect...

We examine whether the re-evaluation of past investments spurs monitoring activities and investment decisions for long-term growth. For identification, we rely on accounting rules and use the regression kink design (RKD). We focus on a narrow window around a point at which a firm’s...

We present a two-stage scheduling approach including proactive and reactive scheduling to solve the ground resource scheduling problem with uncertain arrival time. In the first stage, an integer programming model is constructed to minimize the delay and transfer costs. After solving this model,...

We show that after the 2003 dividend tax cut in the U.S., C-corporation-banks whose investors are subject to the dividend tax had a higher loan growth rate than S-subchapter-banks. Such an enhanced credit supply due to the tax cut significantly impacted the real economy. Small businesses had...

We utilize the rise of Black Lives Matter (BLM) and the sentiment of racial sympathy to provide quantitative analyses on the interplay between the social movement and citizens’ sympathetic actions in supporting Black lives. Using detailed food order flow information from one of the largest...

Our study analyzes the effect of women’s access to reproductive control on female auditor mobility. Exploiting the staggered state-level adoption of Targeted Regulation of Abortion Providers (TRAP) laws that restrict women’s access to abortion, we find that female auditors’ propensity to...