Regulators have long been concerned about the leakage of credit-relevant information in the U.S. municipal securities market. To assess how widespread information leakage is in this market, we examine trading before the announcement of credit rating …
Human capital is increasingly a key determinant of productivity, yet little is known about how firms manage it. Using proprietary survey data on Chief Human Resources Officer (CHRO) compensation for a broad sample of U.S. public firms, we examine …
Firms' diversity, equity, and inclusion (DEI) policies have received significant scrutiny in recent years, including their efficacy and role in long-term value creation. We provide new evidence on these issues by studying what is arguably the most …