We examine the effect of a firm's employee friendliness on short-term financing. We find that employee-friendly firms have significantly shorter Cash Conversion Cycle (CCC) compared to other firms. We further establish that the shorter CCC in employee-friendly firms is mainly due to the longer...

Purpose: The purpose of this paper is to understand the association between litigation risk and working capital management. Design/methodology/approach: The authors employ four different regression techniques (OLS regressions, regressions with industry and time controls, median regressions, and...

We highlight the impact of sales order backlog on firm corporate risk management policies through their participation in the derivatives markets. Using textual analysis of 10-K filings to extract data on firms' foreign exchange (FX) hedging activities, we show that firms with higher sales order...

Purpose: The purpose of this paper is to examine two different choices of corporate divestiture for US firms: selling off assets to public firms or issuing stocks in equity carve-outs. The authors identify industry-related, firm-specific, deal-related and market-timing factors that influence...

Tracking the news of airlines, accidents, MRO, and other related aviation topics, we measure the impact of such news on the stock performance of US airlines. We use Latent Dirichlet Allocation (LDA) to search for patterns that can explain the movements of US airline stocks. First, we mine the...