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Building on the short‐term nature of interim CEO contracts, this paper examines the effect of interim CEO appointment on corporate long‐term investment measured by a firm’s R&D spending. We find robust evidence that the corporate R&D investment level is significantly lower during the interim CEO appointment period. The negative association between R&D investments and the interim CEO appointment...
Using a unique dataset from Chinese stock markets, we quantify the actual effect regret has upon investors’ stock trading behaviour. We find that experienced regret over the type of order placed last time affects the type of order an investor subsequently places. The effect is stronger following an action rather than inaction, loss on the prior order, and an unusual order strategy for the investor...
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