We consider how past, current, and future competition within an elimination tournament affect
the probability that the stronger player wins. We present a two-stage model that yields the …

This paper explores stock market reactions to corporate social performance. We construct a
value-weighted portfolio based on the list of “100 Best CSR companies in the world” …

We posit Corporate Social Responsibility (CSR) is being used by firms as a reputation
insurance mechanism, helping them better withstand the tumult of negative business shocks. …

Socially responsible investing (SRI) is an increasingly important investment issue, gaining
popularity among both institutional and individual investors. In the past, SRI research has …

This article recasts earlier research on index fund performance. A different time period shows
the opposite results for index fund superiority over actively managed funds. Over the past …

We study the effects of performance spillover in the workplace–both positive and negative—on
several dimensions, and find that it is pervasive and decreasing in the physical distance …

We examine misconduct in credence good markets with price taking experts. We propose a
market-level model in which price-taking experts extract surplus based on the value of their …

When designing incentives for heterogeneous agents facing competition there is a conflicting
interaction: as the more able are incentivized the less able are disincentivized. I label the …

The author reexamines a recent study on active versus passive management. Exposure of
some common logical and mathematical errors makes a conclusion in the whole active/…

We explore the relationship between managerial incentives and misconduct using the setting
of environmental harm. We find that high powered executive compensation can increase …