In this paper, we use the prestigious iF design award to measure corporate product design novelty and examine how it is influenced by information quality. Using the mandatory adoption of International Financial Reporting Standards (IFRS) in 2005 as a substantial increase in information quality...

In this paper, we empirically measure the impact of natural disasters on firm-level operating performance and examine if such impact can be mitigated by technology diversification. Using major natural disasters specified by Barrot and Sauvagnat (2015) and factory location data from the toxic...

We propose that corporate social responsibility (CSR) serves as an intangible investment in stakeholder relationships to guard against external disruptions. Using a stylized model with customers' and employees' preferences for CSR, we hypothesize that CSR investment, while costly, helps firms...

While designs play a critical role in corporate innovation and business operations, the determinants of design innovation (i.e., new aesthetic or stylistic forms) are largely underexplored in the literature. Accumulating evidence suggests that openness to the exchange of ideas, the adoption of...

While product and company reputation are among the most valued intangible assets, we have little understanding of when and why managers focus on such resources. This shortcoming has limited both the resource-based and attention-based views of the firm. We construct a novel and comprehensive...

Does more competition lead to more information production and greater investment efficiency? This question is largely unexplored in the finance literature. This paper provides both a model and a series of extensive empirical tests. The model features a two-stage Bayesian game in differentiated...

We test whether earnings management (like a virus) spreads from firm to firm via board connections of shared directors (virus carriers). We use earnings restatements to identify firms that managed earnings and to identify the period when these firms manipulated earnings. We consider firms as...

We use a social learning perspective to extend our understanding of information technology (IT) investment and return. Specifically, we investigate social learning in the context of interlocks between corporate boards, which allow firms to share knowledge and experiences with respect to their IT...