After fitting a topic model to 79,597 COVID-19-related paragraphs in 11,183 conference calls over the period January to April 2020, we obtain measures of firm-level exposure and response to COVID-19 for 3,019 U.S. firms. We show that despite many different ways through which COVID-19 affects...

This study examined the influence of managerial ability on corporate innovation performance. Our findings suggest that higher levels of managerial ability significantly enhance an enterprise's innovation performance, while managerial risk taking has the potential to not only inhibit the...