... of female directors enhance cognitive diversity, and that this enhanced cognitive diversity helps increase firm value and monitoring effectiveness. JEL Classifications: G30; G32; G34. Although prior studies examine how different dimensions of board demographic diversity, such as differences in gender...

...Francois Brochet; Peter Limbach; Markus Schmid; Meik Scholz-Daneshgari ABSTRACT Our study is the first to provide systematic evidence of a hump-shaped CEO tenure-firm value relation. Cross-sectionally, firm value starts to decline after fewer years of CEO tenure in more dynamic industries, if CEOs...

... and that the effects on interest rates often dominate the effects on risk premia in determining firm values and the cost of capital. We thank Thomas Hemmer (editor) and two anonymous referees for helpful suggestions. We further thank Steven J. Huddart, James A. Ohlson, and the participants in the Workshop...

... with a market capitalization below this threshold—to publish quarterly financial statements. Using regression discontinuity analysis for our identification, we provide novel evidence of the causal effects of mandatory quarterly reporting on small firms. We find a 5 percent decrease in firm value, consistent...

...Ella Mae Matsumura; Rachna Prakash; Sandra C. Vera-Muñoz ABSTRACT Using hand-collected carbon emissions data for 2006 to 2008 that were voluntarily disclosed to the Carbon Disclosure Project by S&P 500 firms, we examine the effects on firm value of carbon emissions and of the act...