While multiple data vendors have claimed to offer a comprehensive international coverage of accounting and financial items for firms worldwide, there is a growing demand for better understanding of the differences across international databases. This paper compares several international...

Global outsourcing has become an economic imperative for many major corporations worldwide, but at the same time, it has brought substantial risks and uncertainties to these firms. In this study, we examine whether global outsourcing of goods or services shapes U.S. corporate disclosure...

This paper examines whether and how existing competitors producing similar products and supplying to common corporate customers (connected peer firms) influence a firm's strategic disclosure of adverse information. Results show that when faced with intense competition from existing competitors,...

The multinational syndicated loan market has crossed the $7 trillion threshold. Prior literature argues that weak borrower country's creditor rights is the main limiting factor to cross-border lending. We find that lender country's creditor rights can partly substitute for weak borrower creditor...

Corporate customers are an important stakeholder in global supply chains. We employ several unique international databases to test whether socially responsible corporate customers can infuse similar socially responsible business behavior in suppliers. Our findings suggest a unilateral effect on...

This study exploits a complex information setting of a network of customer-supplier relationships to test whether short sellers pay attention to corporate news to act upon this news across the supply chain. We measure revealed short seller attention by using the link between a customer's news...

This paper investigates recent allegations regarding the misuse of private insider information by hedge funds prior to the public announcement of M&A deals. We analyze this issue by using a unique and comprehensive dataset which allows us to analyze the trading pattern of hedge funds around...

Using numeric and textual data extracted from over 50,000 finance articles in SSRN during 2001--2019, we examine the relationship between measured qualities and a paper’s readership, eventual outlet, and impact. Conventionality (semantic similarity with existent research) helps boost...

As machines replace humans in financial markets, how is informational efficiency impacted? We shed light on this issue by exploiting a unique data-set that allows us to identify when machines access important company information (8-K filings) versus when humans access the same information. We...