A number of studies have found little economic impact of board gender diversity on firm performance. We return to this issue in the context of large European firms. Our contribution is twofold. First, using information on the gender of CEOs children as a source of exogenous variation in female...

We examine the effect of social policies on corporate innovation using India’s mandatory Corporate Social Responsibility (CSR) regulation. This regulation mandates firms with pre-tax profits above a certain threshold to spend 2% of the profits on CSR. We demonstrate a significant bunching of...

The transition towards a low-carbon economy requires the fundamental reallocation of financial capital from current technologies towards green innovation. The role of public financing of green technological innovation by Multilateral Development Banks (MDB) is a largely unexplored area. In this...

This paper examines the motivations and financial consequences of corporate political statements. We use the announcements of a pause in corporate donations to political action committees (PAC) following the January 2021 Capitol riots. Firms operating in a politically polarized environment are...

This paper shows that supply chain connections influence the adoption of climate-responsible policies. Using granular firm-level data, we show that suppliers adopt climate actions (such as emission initiatives and emission targets) and climate governance measures (such as board oversight and...

A large body of literature suggests that CEOs have misaligned incentives to undertake acquisitions in an attempt to increase their pay. This paper shows that the likelihood of post-acquisition CEO turnover can act as a constraint on such incentives. The acquisition premium in pay decreases by...