Investors increasingly hold stock in multiple firms that compete in the same product market (“common ownership”), and this ownership structure is positively associated with voluntary disclosure. We posit that common owners want managers to take coordinated anti-competitive actions (i.e.,...

We study whether executives receive pay premiums for the uncertainty of their match with a new firm. Using changes in executive-firm matches from ExecuComp, we document that executives receive significant attraction premiums when they move to new firms. These premiums vary with proxies that...