This paper examines whether similarity in social identities between a manager and the board affects executive compensation, firm value, and agency frictions. By using a novel dataset on surnames with multiple identities (native language, native place, and caste), developed by merging micro...

Do the people around us influence our personality? To answer this question, we conduct an experiment with 543 university students who we randomly assign to study groups. Our results show that students become more similar to their peers along several dimensions. Students with more competitive...

We investigate whether consequential decisions made by judges are impacted by the gender composition of these judges peer group. We utilize the universe of decisions on juvenile defendants in each courthouse in Louisiana over 15 years. Leveraging random assignment of cases to judges, and...

Previous experimental studies have shown that centralized management that a legitimate enforcer implements can be effective in improving cooperation in social dilemmas. The current study examines whether the presence of peer punishment opportunities, especially the chance of retaliating the...

Voter education campaigns often aim to increase voter participation and political accountability. We follow randomized interventions implemented nationwide during the 2009 Mozambican elections using a free newspaper, leaflets, and text messaging. We investigate whether treatment effects were...

I study the patterns of diffusion of residential rooftop photovoltaics (PV) systems in Poland and the effects of such technology on local air quality. First, I apply a panel econometric analysis to estimate the impact of peer effects. I lag the difference in time between a submitted PV...

This paper aims to investigate the peer effects in financial investment of board-interlocked firms from the information sharing perspective. Based on board interlock and financial information of A-share listed nonfinancial firms in China, we construct board interlock networks where firms share...

Previous experimental studies have shown that centralized management that a legitimate enforcer implements can be effective in improving cooperation in social dilemmas. The current study examines whether the presence of peer punishment opportunities, especially the chance of retaliating the...

Despite the booming Fintech industry, Peer-to-Peer (P2P) lending platforms continue to play an insignificant role. This study explores differences in time preferences and risk-attitude between P2P lenders and the general public. The findings indicated that P2P lenders are less risk-averse and...

A common proposal to improve US policing is to increase minority representation in police departments. The net effect of such policies depends on the direct effect of the minority officers as well as their peer effect on others. I document the effect of minority peers in the Chicago police...