We investigate the effect of top managers' myopia on firms' market valuation. We devise a
measure of expected CEO tenure as a proxy for the length of CEO decision horizon. After …

We examine the relationship between political geography and corporate political strategy by
considering lobbying expenditures. We find that firms increase their lobbying intensity when …

We examine the value impact of cultural differences that exist between the foreign subsidiaries
and the headquarters of US Multinational corporations (MNCs). We find a negative …

We present evidence that the negative impact of CEO short-termism on firm value can be
attributed to a sub-optimal exercise of real options. Accordingly, the value relevance of firms’ …

The Tax Cuts and Jobs Act (TCJA) enacted in December 2017 will limit the deductibility of
business interest expense to 30% of adjusted taxable income (ATI) beginning in 2022. This …

We investigate the relationship between security analyst coverage characteristics and
analyst-related incentives in order to determine whether the quality of analyst-generated …

Utilizing a geometric mean wealth maximization approach, this paper shows potential
differences between the capital structure preferred by stockholders and the one preferred by …

Within a broad overview of the functions and responsibilities of the investor relations
professional, this book focuses on the job's increased responsibilities resulting from new …

Investors aspire to accumulate sufficient wealth to pay for substantial expenditures, such as
their offspring's education, and to enable them to retire comfortably in the future. Yet informed …

Reducing the marginal tax rate on dividend income was not the optimal modification of the
tax code. The US corporate tax code continues to favor debt over equity because corporate …