This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

This paper develops a unified framework to synthesize the growing stream of positive
research on the role of individual decision makers in shaping observed accounting …

We examine whether an increase in ETF ownership is accompanied by a decline in pricing
efficiency for the underlying component securities. Our tests show an increase in ETF …

The capital market in China has progressed rapidly within the realm of ESG and
sustainability. This study investigates whether and how ESG investing works in China. The …

Employing a classic measure of technological closeness between firms, we show that the
returns of technology-linked firms have strong predictive power for focal firm returns. A long …

Many recently proposed, seemingly different factor models are closely related. In spanning
tests, the q-factor model largely subsumes the Fama–French five-and six-factor models, and …

Im 1. Kapitel: Einführung und institutionelle Grundlagen wurde dargestellt, dass die
gegenwärtige Diskussion im externen Rechnungswesen insbesondere dessen Rolle als …

Using management earnings forecasts over the period 1996–2010, I find that the sensitivity
of forecast revisions to contemporaneous stock returns is increasing in the amount of …

The internet is an enormous and growing source of information for investors about the
opinions of others. Virtually any individual with internet access can express opinions about …

Using the implementation of the Electronic Data Gathering, Analysis, and Retrieval (EDGAR)
system from 1993 to 1996 as a shock to information dissemination technologies, we …