Annual Conference

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Accounting

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May 2024

We examine whether suppliers reduce emissions when their federal customers start requesting information on the existence of their public climate disclosure. In 2016, the U.S. federal government implemented the first climate-related contractual provision through FAR 52.223-22, which requires certain ...
Keywords: Sustainable Federal Procurement, Greenhouse Gas Emissions, Climate Disclosure, Disclosure Processing Costs, Supply Chain Contracting
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Annual Conference

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Corporate Finance

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May 2018

This paper studies the effects of succession planning on management successions using handcollected data on succession planning practices at U.S. public firms. Our tests highlight three dimensions in which succession planning impacts CEO turnover. Firms with succession plans (i) use more sophisticat...
Keywords: CEO turnover, succession planning, CEO labor market, CEO ability, Performance evaluation
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Annual Conference

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Corporate Finance

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May 2014

In the UK, between 1955 and 1970, dual class shares quickly lost popularity without any regulatory intervention. The decline in the use of dual class shares was positively correlated with the relative valuations of one-share-one-vote and dual class firms, which in turn was related to media pessimism...
Keywords: Corporate governance, Dual class shares, Investor demand, Public debate
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Members' Digest

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2018

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May 2018

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Senior Fellows/Fellows

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Senior Fellows/Fellows, 2018

Chairing a Bankosaurus
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