This paper investigates how heterogeneous sentiments and perspectives expressed in public online media about the abolition of the Chinese presidential term limit in 2018 may have caused a divergence in investor behavior between the U.S. and China. We document that sentiments expressed in social...

Using a sample of thirty-six major natural disasters that occurred in the United States between 1990 and 2015, we investigate the impact of natural disasters on the technological and product innovation activities of companies. We show that, overall, natural disasters have a significant effect on...

We investigate the dark side of utilizing robotic capital to replace human capital in U.S. public firms and find that public firms that are more capable of replacing human capital with automated capital have surprisingly poor record of workplace safety as well as overall poor performance on...

We investigate the interplay between corporate innovation (technological and product innovation) and corporate financing. Splitting up corporate innovation allows for a more precise identification of optimal financing strategies. Using a large sample of U.S. public firms between 1990 and 2015,...