We also demonstrate that regulation hardly affects. I the risk taking of bank managers holding onto their bank s shares. This contrasts with outside shareholders. I who are more likely to expose their bank to higher risk levels when regulation protects. I the bank against default. Managerial equity incentives may therefore serve as a risk ruction instrument. Download working paper http hbs faculty Pages download.aspx name.
Search Bas Peer Firms Aggregating
Investor Perceptions Through Internet Co Searches. I By Lee Charles M.C. Paul Ma and Charles C.Y. Wang ABSTRACT—Applying a co search algorithm . Ito Internet traffic at the SEC s GAR website we develop a novel method for identifying economically relat peer firms and for measuring their relative importance. Our results show that firms appearing in chronologically adjacent searches by the same individual Search Bas Peers or SBPs are fundamentally similar on multiple dimensions. In direct tests SBPs dominate GICS industry peers in explaining Bahrain Phone Numbers List cross sectional variations in base firms out of sample a stock returns b valuation multiples c growth rates d R D expenditures e leverage and f profitability ratios. We show that SBPs are not constrain by standard industry classification and are more dynamic pliable and concentrate.
We also show that co search
Intensity captures the degree of similarity tween firms. of the collective wisdom of investors―extract from co search patterns―in addressing long standing nchmarking problems in finance. Download working paper http ssrn abstract Does Could Iran phone number list to Good Toward a Theory of Moral Insight By Zhang Ting Francesca Gino and Joshua D. Margolis ABSTRACT—We introduce the construct of moral insight and study how it can elicit when people face ethical dilemmas challenging decisions that feature tradeoffs tween competing and seemingly incompatible values. Moral insight consists of discovering solutions that move yond selecting one conflicting ethical option over another.
