This study investigates the role of organisational learning on the valuation effects of corporate diversification.
34 Pages · Posted: 17 Nov 2015 · Citations: 51 | This study investigates the impact of managerial ability on banks’ liquidity creation and risk-taking behaviour. We find that higher ability managers create more liquidity and take more risk.
Posted: 12 Sep 2016 · Last revised: 7 Nov 2016 | We show that firms with younger CEOs are more likely to experience stock-price crashes, including crashes caused by revelation of negative news in the form of breaks in strings of consecutive earnings increases.
82 Pages · Posted: 17 Apr 2015 · Last revised: 02 Sep 2018 | We provide strong evidence that the dispersion of individual stock options trading volume across moneynesses (IDISP) contains valuable information about future stock returns.
