We examine the effect of short sellers on corporate innovation. To establish causality, we
use a policy experiment that exogenously removes the short-selling constraint for a …

This study proposes portfolio construction strategies based on novel sentiment, ESG and
SDG scores. We utilize natural language processing to establish a novel daily score system …

Drawing on signalling theory and using the cases of Alibaba and Coupang, we investigate
whether and how venture capital-backed companies from emerging markets use CSR to …

This study evaluates whether employees have window-dressing-free information about
firms' ESG (Environmental, Social, Governance) practices. Analyzing 10 million employee …

This paper examines the effect of capital market frictions on firms' workplace safety. Using
Regulation SHO as a natural experiment, we find a significant increase in work‐related …

Sustainable investing has recently gained traction throughout the world. This trend has
multiple sources, which span from genuine ethical concerns to hopes of performance …

Purpose The purpose of this study is to investigate (1) how managers respond to stock price
crashes,(2) why they respond and (3) how their responses affect shareholders …

This study uses the shock of directors' and officers' liability insurance (D&O insurance) to
investigate how litigation risk influences corporate philanthropy. Based on a sample of …

In this paper, we investigate whether and how short selling threat affects real activity
manipulation. Using a regulatory experiment (Regulation SHO) that removes short selling …

We examine the causal effect of short‐selling on a firm's annual report readability using
regulation SHO, which relaxes short‐sale constraints for a random sample of pilot stocks …