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This study examines the hitherto unexplored question of whether and how a firm's social performance influences the breadth of that firm's share ownership. We predict and find that firms with higher corporate social responsibility (CSR) ratings attract more institutional investors (especially...
Persistent link: https://www.econbiz.de/10012937929
Using the most recent machine learning-based image-processing techniques, we investigate whether banks factor borrowing firm's chief executive officer (CEO) facial trustworthiness into bank loan contracting. We find that banks tend to grant more favorable loan terms to firms with...
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