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Cookson, J Anthony; Engelberg, Joseph E; Mullins, William. Echo Chambers. Review of Financial Studies. Feb2023, Vol. 36 Issue 2, p450-500.    We find evidence of selective exposure to confirmatory information among 400,000 users

Martel, Jordan; Van Wesep, Edward Dickersin; Van Wesep, Robert. Ratings and Cooperative Information Transmission. Management Science. Dec2022, Vol. 68 Issue 12, p9175-9197.    Researchers have often attributed discrete messages

I exploit the leveraged exchange-traded funds' (ETFs') primary market to measure aggregate, uninformed, gambling-like demand, that is, speculation sentiment. The leveraged ETFs' primary market is a novel setting that provides observable arbitrage

Calomiris, Charles W.; Izhakian, Yehuda; Zender, Jaime F. Underwriter Reputation, Issuer–Underwriter Matching, and SEO Performance. Journal of Financial & Quantitative Analysis. Sep2022, Vol. 57 Issue 6, p2444-2483.    The

Bhagat, Sanjai; Hubbard, Glenn. Rule of law and purpose of the corporation. Corporate Governance: An International Review. Jan2022, Vol. 30 Issue 1, p10-26.    Research Question/Issue: What is the purpose of the modern

Boni, Leslie; Leach, J. Chris; White, Reilly S. Crisis and non-crisis short selling and bank enforcement actions. Journal of Banking & Finance. Nov2021, Vol. 132, pN.PAG-N.PAG.    Employing standard informed trading intuition

Hartzmark, Samuel M; Hirshman, Samuel D; Imas, Alex. Ownership, Learning, and Beliefs. Quarterly Journal of Economics. Aug2021, Vol. 136 Issue 3, p1665-1717.    We examine how owning a good affects learning and beliefs about its

We study the effect of personal wealth on entrepreneurial decisions using data on mineral payments from Texas shale drilling to individuals throughout the United States. Large cash windfalls increase business formation by 0.8 to 2.1 percentage

Bellstam, Gustaf; Bhagat, Sanjai; Cookson, J. Anthony. A Text-Based Analysis of Corporate Innovation. Management Science. Jul2021, Vol. 67 Issue 7, p4004-4031.    We develop a new measure of innovation using the text of analyst

Guren, A. M., & McQuade, T. J. (2020). How do foreclosures exacerbate housing downturns? The Review of Economic Studies, 87(3), 1331-1364. https://doi.org/10.1093/restud/rdaa001