The Data Privacy Puzzle

Heidi Bush, John Wilson – Tuesday, August 21, 2018 The Data Privacy Puzzle finds that companies with business models reliant on the increasing quantity and scope of consumer data are at risk if public ambivalence about data privacy turns to opposition. Prepared...

Microcap Board Governance

Annalisa Barrett – Wednesday, August 1, 2018 This in-depth analysis of micro-capitalization (microcap) public companies finds that the corporate governance of these companies with less than $300 million in market capitalization differs materially from that of...

Equity Vesting and Investment

Alex Edmans, Katharina A. Lewellen, Vivian W. Fang – Monday, December 18, 2017 This paper studies the link between real investment decisions and CEO’s short-term stock price concerns. It finds that vesting equity induces CEOs to reduce investments in long-term...

The Long-Term Consequences of Short-Term Incentives

Alex Edmans, Allen H. Huang, Vivian W. Fang – Monday, December 18, 2017 This paper studies two corporate actions that allow accurate measurement of the long-term consequences of short-term incentives – stock repurchases and mergers and acquisitions (M&A)....