Annual Conference

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Corporate Finance, Senior Fellows/Fellows

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May 2014

We investigate how governance reform affects board functioning and firm value through the labor market channel. We find that unseasoned independent directors (UIDs), directors entering the director labor market for the first time, are an important source of labor supply after the 2002 enactment of t...
Keywords: Unseasoned independent directors, Labor market, Sarbanes-Oxley Act, Board of director, Monitoring and advisory roles
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Senior Fellows/Fellows

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Senior Fellows/Fellows

Observing rapid structural transformation accompanied by a continual process of rural to urban migration in many developing countries, we construct a micro founded dynamic framework to explore how important education-based migration is, as opposed to work-based migration, for economic development, u...
Keywords: Rural-Urban Migration, economic development
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

We quantify and study state-level economic policy uncertainty. Tapping digital archives for nearly 3,500 local newspapers, we construct three monthly indexes for each state: one that captures state and local sources of policy uncertainty (EPU-S), one that captures national and international sources ...
Keywords: Policy uncertainty, elections and uncertainty, COVID-19 pandemic, state-level economic performance, unemployment
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Members' Digest

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2021

Keywords: Sumit Agarwal, Bernard YEUNG
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Members' Digest

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2021

Keywords: Bernard YEUNG
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