Hundreds of papers and factors attempt to explain the cross-section of expected returns.
Given this extensive data mining, it does not make sense to use the usual criteria for …

Director stock ownership is most consistently and positively related to future corporate
performance. Public policymakers and long-term investors should find this result especially …

This study empirically investigates two effects of alternative data availability: stock price
informativeness and its disciplining effect on managers' actions. Recent computing …

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

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 …

From the field's leading authority, the most authoritative and comprehensive advanced-level
textbook on asset pricing In Financial Decisions and Markets, John Campbell, one of the …

Using the artifice of a hypothetical trial, this article presents the cases for and against insider
trading. Both sides in the trial produce as evidence the salient points made in more than 100 …

Prior studies provide conflicting evidence as to whether managers have a general tendency
to disclose or withhold bad news. A key challenge for this literature is that researchers …

Using a comprehensive sample of trades from Schedule 13D filings by activist investors, we
study how measures of adverse selection respond to informed trading. We find that on days …

We examine the relation between a measure of male CEOs' facial masculinity and financial
misreporting. Facial masculinity is associated with a complex of masculine behaviors …