We examine how firms adjust CEO risk-taking incentives in response to risk environments as-sociated with their corporate social responsibility (CSR) standing. We find strong evidence that as a firm's CSR status improves (declines), increasing (decreasing) its risk-taking capacity, the firm...

The impact of all-star analyst turnover on initial public offering market share and the performance of initial public offerings is examined. Overall, we find that neither quot;winnersquot; nor quot;losersquot; in the battle for all-star analysts experience a significant change in market share....

This paper provides an analysis of the stock price impact of buy and sell recommendations by analysts for firms that went public in 1992. The market reaction to initial buy recommendations by underwriters is insignificant. While this is consistent with a market recognition of the potential...

Approximately 60% of IPO issuers adjust primary share over the registration period and 15% adjust secondary shares. I find that first day returns are significantly positive related to primary share adjustments and insignificantly related to secondary share adjustments. These relations are...