Outputs (2)

Motivated Monitoring by Institutional Investors and Firm Investment Efficiency (2019)
Journal Article
Ward, C., Yin, C., & Zeng, Y. (2020). Motivated Monitoring by Institutional Investors and Firm Investment Efficiency. European Financial Management, 26(2), 348-385. https://doi.org/10.1111/eufm.12232

We find that motivated monitoring by institutional investors mitigates firm investment inefficiency, estimated by Richardson's (2006) approach. This relation is robust when using the annual reconstitution of the Russell indexes as exogenous shocks to... Read More about Motivated Monitoring by Institutional Investors and Firm Investment Efficiency.

The impact of top executive gender on asset prices: Evidence from stock price crash risk (2019)
Journal Article
Li, Y., & Zeng, Y. (2019). The impact of top executive gender on asset prices: Evidence from stock price crash risk. Journal of Corporate Finance, 58, 528-550. https://doi.org/10.1016/j.jcorpfin.2019.07.005

We examine the implication of executive gender on asset prices. Using a large sample of US public rms during 2006{2015, we nd a negative association between female CFOs and future stock price crash risk. However, the impact of female CEOs on crash ri... Read More about The impact of top executive gender on asset prices: Evidence from stock price crash risk.