Category Archives: Finance

Career Experience and Executive Performance: Evidence from Former Equity Research Analysts

By | July 18, 2019

Courtesy of Shawn Huang Organizational outcomes have long been known to be, at least in part, determined by executives’ idiosyncratic characteristics. Prior research shows that Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs) uniquely impact corporate practices and operations. Peering into these effects, recent studies examine executive heterogeneity with respect to aspects such as… Read More »

How are Bond Yields Affected by a Firm’s Ties to the Federal Government?

By | February 13, 2018

Courtesy of Reza Houston Do bondholders benefit from connections with the federal government?  We know that in the United States, there is ample evidence political connections confer benefits on firms.  Firms which make PAC contributions, hire lobbyists, or employ former politicians are more likely to be bailed out[1], avoid enforcement[2], and receive lucrative government contracts[3]. … Read More »