We study how mutual fund managers gain an edge in selecting stocks in an era of globalization. We use textual analysis to construct a new measure that captures a mutual fund's offshore exposure concentration through holding U.S. multinational firms. The proposed offshore concentration index...

Human capital is a major impetus for technological innovation. Yet, there is little academic research about voluntary corporate disclosure targeted to labor market participants. Most prior research examines voluntary disclosure to investors and generally reports less disclosure as product market...