Now showing items 1-9 of 9

    • Channels of Influence 

      Cohen, Lauren Harry; Gurun, Umit G.; Malloy, Christopher James (2012-08-07)
      We demonstrate that simply by using the ethnic makeup surrounding a firm’s location, we can predict, on average, which trade links are valuable for firms. Using customs and port authority data on the international shipments ...
    • Decoding Inside Information 

      Cohen, Lauren Harry; Malloy, Christopher James; Pomorski, Lukasz (Wiley-Blackwell, 2012)
      Using a simple empirical strategy, we decode the information in insider trading. Exploiting the fact that insiders trade for a variety of reasons, we show that there is predictable, identifiable "routine" insider trading ...
    • Essays on the Dynamic Strategies and Skill of Institutional Investors 

      Rhinesmith, Jonathan (2016-05-11)
      This dissertation studies the behavior of institutional investors, who control a large share of the world's investment capital, with the goal of shedding light on when and how those investors reveal information. Guided by ...
    • Friends in High Places 

      Cohen, Lauren Harry; Malloy, Christopher James (American Economic Association, 2013-10-03)
      We demonstrate that personal connections amongst U.S. politicians have a significant impact on Senate voting behavior. Networks based on alumni connections between politicians are consistent predictors of voting behavior. ...
    • Legislating Stock Prices 

      Cohen, Lauren Harry; Diether, Karl; Malloy, Christopher James (Elsevier, 2013-10-03)
      We demonstrate that legislation has a simple, yet previously undetected impact on stock prices. Exploiting the voting record of legislators whose constituents are the affected industries, we show that the votes of these ...
    • Legislating Stock Prices 

      Cohen, Lauren Harry; Diether, Karl; Malloy, Christopher James (2012-08-07)
      In this paper we demonstrate that legislation has a simple, yet previously undetected impact on firm stock prices. While it is understood that the government and firms have an important relationship, it remains difficult ...
    • Misvaluing Innovation 

      Cohen, Lauren Harry; Diether, Karl; Malloy, Christopher James (2012-12-07)
      We demonstrate that a firm’s ability to innovate is predictable, persistent, and relatively simple to compute, and yet the stock market ignores the implications of past successes when valuing future innovation. We show ...
    • Patent Trolls: Evidence from Targeted Firms 

      Cohen, Lauren Harry; Gurun, Umit G.; Kominers, Scott Duke (2014-11-06)
      We provide theoretical and empirical evidence on the evolution and impact of non-practicing entities (NPEs) in the intellectual property space. Heterogeneity in innovation, given a cost of commercialization, results in ...
    • Playing Favorites: How Firms Prevent the Revelation of Bad News 

      Cohen, Lauren Harry; Lou, Dong; Malloy, Christopher James (2014-01-13)
      We explore a subtle but important mechanism through which firms manipulate their information environments. We show that firms control information flow to the market through their specific organization and choreographing ...