Research agenda
Research
My work examines how stakeholder, labor-market, and technological environments shape corporate disclosure and information strategies.
Working Papers
Job Market Paper
Public Activism and Labor-Related Corporate Disclosure
Working paper October 2026 draft
How does public labor activism near corporate headquarters shape labor-related disclosure in earnings calls?
Abstract
This paper examines whether public activism is relevant to corporate disclosure even when the underlying public activity is not directly targeted at the focal firm. Using non-firm-specific labor-related public activism in the same county as firms' headquarters, I find that greater local public activism is associated with less discussion of current labor-related operating conditions relative to talent-management information in subsequent earnings calls. Consistent with the potential informational relevance of public activism, the association is more pronounced when the underlying public activism has greater attention-generating potential and varies with the relevance and reach of surrounding audiences. The findings suggest that information about the surrounding public environment may be relevant to firms' disclosure choices even without direct firm-specific activist pressure. More broadly, they highlight how the potential use of investor-facing disclosure may depend on the prominence of an issue and the audiences that can use the disclosed information.
Award The Sue Hrasky Best PhD Paper Prize, BAFA, 2026.
Selected presentations EAA Doctoral Colloquium 2026; IESE Seminar 2026; BAFA Annual Conference 2026; JIAR Annual Conference 2026; University of Zurich DAR Workshop 2025.
Working paper
NGO Activism and the Supply of Corporate Information
Working paper Draft available on request
How does NGO targeting change what managers discuss with capital markets?
Abstract
This paper examines how NGO activism shapes managerial disclosure to capital markets. Using U.S. NGO targeting events and earnings-call transcripts, I find that environmental targeting is associated with greater climate-transition disclosure, while labor targeting is associated with less discussion of labor operating conditions. The findings suggest that NGO activism can selectively reshape investor-facing information supply, highlighting the role of shareholder-stakeholder interest alignment in external corporate governance.
Working paper
How Firms Govern Automated Data Access: Evidence from Robots.txt Policies
Working paper Draft available on request
How do firms govern automated access to information that remains publicly available?
Abstract
This paper constructs a novel historical measure of corporate digital information-access policies using archived web-access directives for U.S.-listed firms over the 2001-2024 period. We document substantial and persistent heterogeneity in how firms govern automated access to publicly available information, including whether restrictions apply broadly or selectively to named agents. We validate the measure using externally documented changes in web-access rules and characterize the long-run evolution of firms' machine-access policies. The evidence identifies automated access as a distinct dimension of corporate information policy: public availability does not imply unrestricted machine access, and firms actively govern both margins.
Presentation REAP Workshop (scheduled).
Published Work
Same Interdependent Risk, Different Valuation: How Risk Representation Shapes Ecosystem Investment Decisions
Journal of Management Scientific Reports, 2026