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作者：Lu, Shirley
摘要：Building on prior literature showing that green bond issuance signals a firm's environmental commitment, this paper provides empirical evidence on a mechanism that gives credibility to this signal: reputational bonding through increased media coverage. Compared with matched firms, media coverage of a firm's environmental performance increases significantly after issuing green bonds. This increase persists over time and extends to aspects of environmental performance that go beyond the contract...
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作者：Ghose, Anindya; Li, Beibei; Macha, Meghanath; Sun, Chenshuo; Foutz, Natasha Zhang
作者单位：New York University; Carnegie Mellon University; Adobe Systems Inc.; Renmin University of China; City University of Hong Kong; University of Virginia
摘要：Consumers' privacy choice between withholding and sharing personal data may change during crises. Crises not only alter personal considerations of benefits and costs of this choice, but also trigger societal considerations, such as use of shared data in crisis management. Although the literature on privacy choice has focused on personal considerations, research on how this choice is influenced by broader circumstances remains sparse. We address this topic by leveraging newly available location...
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作者：Jenkinson, Tim; Jones, Howard; Rauch, Christian
作者单位：University of Oxford
摘要：We analyze how private equity funds (general partners (GPs)) sell down their stakes in companies they take public. GPs earn private equity management fees and carried interest on public equity holdings. The average duration of post-initial public offering (IPO) holdings is three years, whereas lockups expire after six months. Private equity-backed IPOs perform well during the lockup, but we find no evidence that GPs add value for investors through the timing of their aftermarket sell-down stra...
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作者：Hoffmann, Manuel; Mosquera, Roberto; Chadi, Adrian
作者单位：University of California System; University of California Irvine; University of Southampton
摘要：Health campaigns in firms could be a cost-effective approach to reduce sickness absence and to mitigate negative economic consequences of ill health among employees. Low participation rates, however, may prevent firms from realizing such private economic benefits. Moreover, employees may overestimate the effects of the campaign and engage in risky behaviors that could be detrimental to their health, thereby reducing the potential benefits of the intervention. We ran a natural field experiment ...
