The number of U.S. publicly traded firms has halved in 20 years. How will this shift in ownership structure affect the economy's externalities? Using comprehensive data on greenhouse gas emissions from 2007-2016, we find that independent private firms are less likely to pollute and incur EPA...

We investigate the motivations and effects of financial firms' hiring of former U.S. financial regulatory employees. The number of top executives with regulatory experience per firm has increased 24% over 2001-2015, and hiring is associated with positive average announcement returns and a salary...

We create a database of company codes of ethics from firms listed on the Standard amp; Poor's 500 Index and, separately, a sample of small firms. The SEC believes that ldquo;ethics codes do, and should, vary from company to company.rdquo; Using textual analysis techniques, we measure the extent...