Plausibly Exogenous [1089] - Public Attention (01/24/2023)
LHS Variable
Constraining of management decisions
RHS Variable
Public attention
Source of Exogenous Variation
Inclusion in the S&P 500 index as a positive shock to public attention
- Bennett, Stulz, and Wang (2023), “Does Greater Public Scrutiny Hurt a Firm’s Performance?”