Heitor Almeida, Slava Fos, Po-Hsuan Hsu, Mathias Kronlund, and Kevin Tseng ♦ Firms become more efficient at innovation when they face pressure to meet Earnings Per Share (EPS) targets and using stock repurchases. Using a regression-discontinuity framework, we find that incentives…
Hearty congratulations to Joseph Engelberg, R. David McLean, Jeffrey Pontiff, and Matthew C. Ringgenberg, Do Cross-Sectional Predictors Contain Systematic Information? May 2023, Vol. 58, No. 3, pp. 1172-1201 and Andrew Y. Chen, and Mihail Velikov, Zeroing In on the Expected Returns…
The JFQA Managing Editors are pleased to welcome Zacharias Sautner, Pab Jotikasthira, Zhenyu Gao, Olivier Dessaint, and Xiaoyan Zhang to the Editorial Board as Associate Editors! We’ve benefited immensely from their dedicated reviewing over the years and look forward to…
Deniz Anginer, Snow (Xue) Han, and Çelim Yıldızhan ♦ Using close to 800,000 transactions by 66,000 households in the United States and close to 2,000,000 transactions by 303,000 households in Finland, this paper shows that, on average, individual investors with…
Vicente Cuñat, Yiqing Lü, and Hong Wu ♦ We study how managers react to shareholder empowerment that makes votes on shareholder proposals binding. We empirically exploit staggered legislative changes that introduce such empowerment for proposals regarding majority voting in director…
The JFQA thanks Mara for her years of service and welcomes Kai Li as a Managing Editor. Kai is a Fellow of the Royal Society of Canada (Class of 2022) and holds the Canada Research Chair in Corporate Governance and…
