Some of the material in is restricted to members of the community. By logging in, you may be able to gain additional access to certain collections or items. If you have questions about access or logging in, please use the form on the Contact Page.
Some of the material in is restricted to members of the community. By logging in, you may be able to gain additional access to certain collections or items. If you have questions about access or logging in, please use the form on the Contact Page.
I examine two different types of market data. First, I examine how distress risk is priced. Previous literature finds mixed results when examining if distress risk is priced in the cross section of returns, depending on whether firm...
Chapter one examines how weather conditions near a firm’s major institutional investors affect stock market reactions to firms’ earnings announcements. We find that unpleasant weather experienced by institutional investors leads to...
This dissertation studies the role of cultural holidays in equity pricing. In the first essay, we study individual stock returns in eleven major international markets that celebrate six cultural New Year holidays not on January 1st. Our...
Chapter One examines the possibility of labor upgrading during the financial crisis of 2008-2009. We use granular information on the intended demand of foreign workers by publicly traded U.S. firms during 2005–2012 to examine firm-level...
We use increases and decreases in the ranking scores of Fortune’s Most Admired Companies to test the proposition that media shocks can increase (decrease) the value of a manager’s reputational capital and, thus, enhance (diminish) his...
Chapter One examines how the exemption of short sale uptick tests due to the Regulation SHO pilot program affects managers' decisions to abandon value-reducing acquisition attempts. We find that when deciding whether to abandon value...
This dissertation studies return seasonalities in the cross section and highlights the link between investor psychology and cross-sectional seasonalities. We document four main categories of return seasonalities in the stock market where...
Chapter One examines the impact of a chief executive officer (CEO) winning an employee opinion award on firm value. Leveraging close employee vote shares in a regression discontinuity specification from Glassdoor's "Top CEOs Employees'...
Some of the material in is restricted to members of the community. By logging in, you may be able to gain additional access to certain collections or items. If you have questions about access or logging in, please use the form on the Contact Page.
