This paper investigates the effect of CFO gender on corporate tax aggressiveness. Focusing on firms that experience a male-to-female CFO transition, the paper compares those firms' degree of tax aggressiveness during the pre- and post-transition periods. Using the probability of tax sheltering,...

By employing the bootstrap full-sample Granger causality test and sub-sample rolling window causality test, this paper attempts to disentangle the causal nexus between financial instability and monetary policy uncertainty in the US, Japan, and Greece. The bootstrap full sample causality test...

This paper aims to investigate the heterogeneous patterns of clean energy consumption at business cycle frequencies. Specifically, this paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their...

We study the impact retirement has on how CEOs spend R&D funds. Consistent with retiring CEOs' short horizons and growing conservatism, we find evidence that CEOs tend to prefer incremental innovations as they approach retirement. Using patent data to measure firms' innovation outputs, we find...

​This paper investigates the effect of CFO gender on corporate tax aggressiveness. Focusing on firms that experience a male-to-female CFO transition, the paper compares those firms' degree of tax aggressiveness during the pre- and post-transition periods. Using the probability of tax...

This study examines a specific source of borrowers' proprietary information and lenders' ex ante information advantage, i.e., private information about the borrowers' forthcoming patents. We examine this unique setting, where borrowers have credible information regarding a positive future event...

This study examines whether and how the terms of CEO compensation contracts at large commercial banks between 1994 and 2006 influenced, or were influenced by, the risky business policy decisions made by these firms. We find strong evidence that bank CEOs responded to contractual risktaking...

This study examines a specific source of lenders' ex ante information advantage, private information about borrowers' forthcoming patents. We examine this setting to provide evidence of the impact of such private information on borrowers' cost of debt. We find evidence consistent with lenders...