Sean Wang

TL;DR: In this article, the effect of CFO narcissism, as measured by signature size, on financial reporting quality was investigated, and it was shown that narcissism predicts misreporting behavior, and that signature size predicted misreporting through its association with narcissism.

TL;DR: Using the size of CEO signatures in SEC filings to measure individual narcissism, this article found that CEO narcissism is associated with several negative firm outcomes and that narcissistic CEOs enjoy higher absolute and relative compensation.

TL;DR: The authors used the size of CEO signatures in SEC filings to measure individual narcissism and found that it is associated with several negative firm outcomes, such as lower innovative productivity and lower financial productivity in the form of profitability and operating cash flows.

TL;DR: In this paper, the authors use reversals as a proxy for expected returns market makers demand for providing liquidity and highlight significant time-series variation in the magnitude of short-term return reversals and suggest that market participants demand higher expected returns prior to earnings announcements because of increased inventory risks that stem from holding net positions through the release of anticipated earnings news.

TL;DR: In this article, the authors found that market makers demand higher expected returns prior to earnings announcements because of increased inventory risks that stem from holding net positions through the release of anticipated earnings news.