U.S. News estimates that gig workers comprise one-third of the workforce. Moreover, by 2028, gig workers are projected to form the majority of the workforce. Thus, understanding their effect on shareholder value is important. Overall, I find that the typical gig worker erodes shareholder value...

I examine comovement in the returns of firms added to the Standard and Poor's (S&P) 500 Index and their downstream customers. I find that a firm's announcement of inclusion into the S&P 500 is associated with lower value for its downstream customers. On average, when S&P announces the inclusion...

I use data from the Boston Celtics, which traded on the New York Stock Exchange from 1986 to 1998, to investigate the employee characteristics that move stock prices. Investors positively value top-level training when firms seek to hire inexperienced employees. For all added employees, most of...