(With Maria-Teresa Marchica and Stefan Petry) [most recent draft]
Abstract: we document a political bias in the media coverage of corporate violations and examine how it affects the company’s labor force. Media outlets with a political leaning that is incongruent with that of the firm tend to write articles with a more negative tone when covering the company’s misconduct. This worsens the employees’ perception of their employer, their senior managers, and their expectations about the company’s future, ultimately affecting negatively their productivity. In addition, the slant from news coverage from politically incongruent media amplifies further the effects of low abnormal stock market performance when it comes to the likelihood of top management dismissal.
(With Maria-Teresa Marchica and Stefan Petry) [most recent draft]
Abstract: we find that employee satisfaction decreases significantly in response to increased corporate environmental engagement after 2020 Presidential election in U.S.. We also find that employees in financially constrained firms respond more dramatically. In addition, such corporate environmental engagement actually helps firms become greener. Overall, our study shows that firms go green at the expense of its employees’ perceptions, which highlights the unintended consequences of climate regulations for the corporate sectors.
(With Maria-Teresa Marchica and Stefan Petry) [most recent draft]
Empirically analyzes whether firms that communicate information on Twitter have easier access to debt financing.