Do Classified Boards Deter Takeovers? Evidence from Merger Waves
Kose John, Dalida Kadyrzhanova, and Sangho Lee We exploit the arrival of industry-wide synergistic merger waves to identify whether classified boards deter... Learn More
Insurance Pricing, Distortions, and Moral Hazard: Quasi-Experimental Evidence from Deposit Insurance
George F. Shoukry Pricing is integral to insurance design, directly influencing firm behavior and moral hazard, though its effects are insufficiently understood.... Learn More
Sustainability Preferences Under Stress: Evidence from COVID-19
Robin Döttling and Sehoon Kim We document fragile demand for socially responsible investments (SRI) by retail mutual fund investors. Using COVID-19 as... Learn More