This study examines whether the coauthors of executive editors of the Review of Financial Studies published more papers during the editor’ tenure. The paper finds that not all executive editors are created equal concerning their impartiality toward their coauthors. The results show that George...

As in most academic fields, the top academic finance departments and journals guide the direction of scholarly research. Preferences, tastes, and sensibilities of the faculty at the top finance departments and the editorial boards at top finance journals can have a considerable effect on the...

Corruption decreases liquidity available to institutional traders and discourages foreign portfolio investment inflows into a country. Corruption also increases corporations' cost of equity capital. The effects of corruption on foreign investment and the cost of equity capital are nonlinear and...

We investigate the relationship between the presence of former member of the U.S. Congress on corporate boards and fraud enforcement. We find that corporate fraud in companies with such members on the board stays undetected longer. When caught, such companies pay lower penalties. The appointment...

Research on financial misconduct uses data on enforcement outcomes, such as the penalties that the firm pays. The distribution of most enforcement outcomes shows extreme observations or outliers, but you wouldn't necessarily glean that by a casual examination of some of the leading research on...