Using survey data from mainstream investment organizations, we provide insights into why
and how investors use reported environmental, social, and governance (ESG) information. …

Managers expend significant time and effort preparing disclosures about firm performance
and strategy. Although prior literature has explored how variation in the style and presentation …

This paper investigates whether and how financial restatements affect the market for corporate
control. We show that firms that recently filed financial restatements are significantly less …

Our analysis of how banks’ responses to asset price changes can result in procyclical leverage
reveals that, for banks with a binding regulatory leverage constraint, absent differences in …

This paper reviews the empirical literature on the determinants and decision usefulness of
goodwill reporting. We structure our discussion around five guiding questions that reflect …

This study uses advanced natural language processing methods to identify companies that
are aligned with the UN SDGs based on the text in their sustainability disclosures. Using …

Using a novel data set, we show that up to one-fifth of America's largest firms had an activist,
non-financial blockholder, or insider as their largest shareholder in the past 20 years. …

This paper examines the size effect in the German stock market and intends to address several
unanswered issues on this widely known anomaly. Unlike recent evidence of a reversal …

This paper is concerned with the allegation that fair value accounting rules have contributed
significantly to the recent financial crisis. It focuses on one particular channel for that …

This paper examines the value relevance of goodwill impairment and the information content
of impairment announcements with the introduction of Financial Reporting Standard (FRS) …