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 …

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

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 …

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 …

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 …

The research on sustainable finance has intensified in the past decade. In this survey, we
synthesize recent academic results and models on socially responsible investing (SRI) in …

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 …

Using project-level data from the Carbon Disclosure Project, we demonstrate how firms
actually reduce greenhouse gas emissions. Most firms mainly pursue projects with small …