Despite the importance of sell-side financial analysts as information intermediaries in the capital market, little is known about how managerial equity ownership associates with their information environment. Using Barron, Kim, Lim and Stevens' (1998) framework of measuring information...

This study examines the impact of city leaders’ absence on local air quality. Using hand-collected data on the absence of leaders in Chinese cities from 2003 to 2018, we find that a city leader’s absence improves local air quality, indicating that those political leaders have not completely...