NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

When Harry Fired Sally: The Double Standard in Punishing Misconduct

Mark L. Egan, Gregor Matvos, Amit Seru

NBER Working Paper No. 23242
Issued in March 2017, Revised in January 2018

---- Acknowledgements ----

We thank Jonathan Berk, Marianne Bertrand, Jules van Binsbergen, Kerwin Charles, Darrell Duffie, Elena Espinoza, Matt Gentzkow, Christopher Hennesey, Laurie Hodrick, Emir Kamenica, Crystal Lam, Edward Lazear, Sendhil Mullainathan, Chris Palmer, Chris Parsons, Joshua Rauh, Andrei Shleifer, Ken Singleton, Vikrant Vig, Luigi Zingales, and the seminar participants at the Eller College of Management, London Business School, NYU Stern, Princeton University, Stanford University, Tepper School of Business, Tuck School of Business, University of Chicago (economics), University of Chicago Booth School of Business and seminar participants at Berkeley-Stanford and HBS-MIT Financial Economics conference. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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