We examine the effect of corporate violations on bank loan contracting and document that borrowers with higher corporate violation penalties have higher loan costs. Higher corporate violations are also associated with more restrictive covenants and higher likelihood of collateral requirements....

We examine the impact of prosocial CEOs on corporate labor violations. Contrary to the theoretical proposition that individuals’ prosocial behavior can sometimes backfire, we find that firms managed by prosocial CEOs have lower corporate labor violations. This effect is stronger for...

We examine whether managers of diversified firms make efficient labor investment decisions. Contrary to the internal capital market prediction that diversified firms often leverage internal resources to achieve resource allocation efficiency, we find that managers of diversified firms are...

Purpose: The purpose of this paper is to examine whether and how firm's agency costs played a role in the voluntary adoption of the eXtensible Business Reporting Language (XBRL) under the SEC's voluntary filing program (VFP) that encouraged the voluntary adoption of the XBRL....