A fundamental question in accounting is whether and to what extent financial reporting
facilitates the allocation of capital to the right investment projects. Over the last two decades …

This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

Following the resource-based view and upper echelons theory, we use data on Chinese A-
share listed companies from 2013 to 2020 to investigate the effect of digital transformation …

As the second-largest economy in the world with both high-energy consumption and high‑
carbon emission, China has launched several green finance pilot zones (GFPZ) targeting …

We evaluate the connection between corporate characteristics and the reaction of stock
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …

Blanket exclusion of “brown” stocks is seen as the best way to reduce their negative
externalities by starving them of capital. We show that a more effective strategy may be tilting …

The study explores the moderating role of audit quality in the relationship between
environmental, social, and governance (ESG) factors and corporate financial performance …

Managerial myopia has an important impact on the future development of companies and
the legitimate rights of stakeholders; however, the impact of ESG ratings on managerial …

Abstract Research Summary This article examines whether—in the absence of mandated
disclosure requirements—shareholder activism can elicit greater disclosure of firms' …

Abstract Considering China's Eleventh Five-Year Plan as a quasi-natural experiment, this
paper identifies the effect of environmental regulations on green innovations with a …