We review the accounting literature on innovation, focusing on the economic attributes of
innovation that collectively differentiate innovation from other assets: novelty, nonrivalry, and …

While businesses require funding to start and grow, they also rely on human capital, which
affects how they raise funds. Labor market frictions make financing labor different than …

This research exploits Australia's ratification of the Kyoto Protocol, which mandates the
country to reduce carbon emissions, thereby exposing Australian firms to increased carbon …

We examine the relationship between brand capital and stock price crash risk. Crash risk,
defined as the negative skewness in the distribution of returns for individual stocks, captures …

We show evidence that female board representation is associated with greater innovative
success, and thus enhances firm performance in innovation-intensive industries. Firms with …

This study exploits the staggered adoption of the inevitable disclosure doctrine (IDD) by US
state courts as an exogenous shock that generates variations in the proprietary costs of …

Firms differ in their dependence on skilled labor and face labor adjustment costs that
increase with their workers' skill level. We show that firms with a higher share of skilled …

We examine the effect of the cross-border merger and acquisition (M&A) activities of
Chinese firms on their corporate social responsibility (CSR) performance. We find that …

The importance of skilled labor and the inalienability of human capital expose firms to the
risk of losing talent at critical times. Using Swedish microdata, we document that firms lose …

Using a sample of completed US acquisition deals over the period 1984–2014, we find that
acquirer organization capital as measured by capitalized selling, general, and administrative …