We investigate whether the media plays a role in corporate governance by disseminating
news. Using a comprehensive data set of corporate and insider news coverage for the 2001 …

This study identifies a new economic benefit of common institutional ownership, which refers
to the increasingly contentious phenomenon of US firms sharing stockholders with their …

Do shareholder protection laws affect the corporate cost of capital? To identify the causal
impact of shareholder protection laws on firms' implied cost of capital, we exploit the …

We predict that accounting conservatism influences insiders' opportunities to speculate on
good and bad news, and thus, insider trading profitability. We find that greater conditional …

We investigate the effect of cross-border regulatory cooperation on the cash holdings of
firms cross-listed on US stock exchanges. The staggered adoption of the Multilateral …

Inconsistent with concerns of uninformative boilerplate or 'copy and paste'disclosure, I find
that managers time their identification of new risk factors and removal of previously identified …

Class action lawsuits can be detrimental to debtholders because they deteriorate defendant
firms' financial position and lower these firms' value. This study examines whether banks …

This study examines whether board social networks are associated with executive trading
profitability. Using a sample of US public firms with a history of executive trading from years …

Using a sample of countries that require timely disclosures of insider trades, I investigate the
effect of country‐level institutions that promote transparency on the extent to which …

We exploit US states' staggered adoption of Universal Demand laws to study how the risk of
shareholder lawsuits affects opportunistic insider trading. UD laws, which make it harder for …