This manuscript was developed from the author’s dissertation at University of Pittsburgh. The author thanks the editor, Victoria Ivashina, and anonymous associate editor and referees for helpful comments. The paper benefits greatly from the invaluable guidance and encouragement from my dissertation chair, David Denis, and committee members, Diane Denis, Andrew Koch, Frederik Schlingemann, and Peter Oh. The author also thanks Spyridon Lagaras, Leming Lin, Sara Moeller, Shawn Thomas, Heitor Almeida, Lubomir Litov (SFS Cavalcade North America 2020 discussant), Roberto Steri (FMA 2019 discussant), Josh White, Audra Boone, Craig Lewis, Ronald Masulis, Daniel Chi, Michael Sullivan, Andrew Zhang, Saeyoung Chang, Zihan Ye, and seminar participants at the SFS Cavalcade North America 2020, the 2019 FMA Annual Meeting, University of Pittsburgh, Purdue University, Vanderbilt University, University of Nevada, Las Vegas, University of North Texas, University of New South Wales, North Carolina State University, Chinese University of Hong Kong (Shenzhen), University of North Dakota, McMaster University, SUNY Binghamton, and Pitt-Penn State-CMU conference for helpful comments. All errors remain my own.