We investigate the effects of financial reporting on current employee job search; i.e., whether firms' public financial reports cause their employees to reevaluate their jobs and consider leaving. We develop a simple model in which current employees use earnings announcements to inform job...

The timely flow of financial information is critical for efficient capital market functioning, yet we have little understanding of firms’ and auditors’ collective abilities to maintain timely financial reporting while under duress. We use COVID as a stress test case to examine whether...

“Buy Now Pay Later” (BNPL) is a largely unregulated FinTech innovation that provides consumers with easy access to credit for specific retail purchases. The BNPL market is projected to reach $1 trillion by 2025, but we know little about the effects of BNPL on consumers’ financial health....

This paper examines the effects of stock market access, and in particular trading hours, on retail investment performance. We find that plausibly exogenous increases in trading hours are associated with meaningful declines in retail investors’ capital gains, as reported on tax returns for the...