This article reviews the literature on international comparative household finance. It presents
summary statistics on household balance sheets for 13 developed countries and uses these …

We examine whether professional money managers overreact to large climatic disasters.
We find that managers within a major disaster region underweight disaster zone stocks to a …

After fitting a topic model to 40,927 COVID-19–related paragraphs in 3,581 earnings calls
over the period Jan. 22–Apr. 30, 2020, we obtain firm-level measures of exposure and …

Purpose The purpose of this paper is to review the insights provided by behavioral finance
studies conducted in the last decade (2006-2015) examining behavioral variables in …

This is the first paper to examine how the COVID-19 shock transmitted from the asset
markets to capital markets. Using a novel measure of the exposure of commercial real estate …

We document a significant positive relation between drought risk and the cost of equity
capital. Our estimation shows that the cost of equity capital is 92 basis points higher for firms …

We find that firms experiencing improvements in crowdsourced employer ratings
significantly outperform firms with declines. The return effect is concentrated among reviews …

This paper studies whether and how mandatory nonfinancial disclosure affects firms' real
decisions. I exploit a disclosure regulation enacted in California, which mandates that firms …

We examine the association between employee quality and financial reporting outcomes.
Using the average workforce education level in MSA (s) where the firm operates as a proxy …

We show that institutional investors are more likely to invest in firms from regions to which
they have stronger social ties but find no evidence that these investments earn a differential …