This study provides novel evidence that expert economic agents' work-related activities are systematically influenced by the time-of-day. We use archival data derived from time-stamped quarterly earnings conference calls together with linguistic algorithms to measure and track the moods of...

Our study examines whether CEOs working in their birthplaces curb stock price crash risk when compared to firms with nonlocal CEOs using a sample of Chinese listed firms during the period 2007-2019. Our results show that local CEOs significantly lower firms’ stock price crash risk, and the...