The automotive industry is undergoing an intensive technological transformation driven by environmental regulations, supply-chain disruptions, and the growing competitiveness of electric and digitally integrated vehicle producers. This study examines the impact of advanced manufacturing...

The purpose of dividends is to distribute income to shareholders. Many stock market investors have only a few shares in their portfolios. For these investors, selling one share to generate income is not an attractive alternative to receiving dividends. We describe the dividend decision process...

We use administrative data from the U.S. Census to estimate the effect of female director representation on workplace gender diversity and women's earnings. Using a difference-in-differences estimator that correctly accounts for variation in treatment timing, we show that first-time female...