Category Archives: Working Papers

56 Pages · Posted: 17 Sept 2019 · Last Revised: 2 Feb 2021 | This study uses 462,678 monthly observations of US-listed firms for the period 1990-2018 to document a strong positive relationship between short-term changes in financial distress risk and future stock price crashes.

54 Pages · Posted: 12 Feb 2018 · Last Revised: 3 Feb 2021 | This article provides evidence on the impact of transient (short-term) institutional investors on a firm’s thrust to compete.