Fixed effects (FE) have emerged as a ubiquitous and powerful tool for eliminating unwanted
variation in observational accounting studies. Unwanted variation is plentiful in accounting …

The focus of this paper is twofold; the primary objective is investigating the impact of board
gender diversity on firms' research and development (R&D) investment as an innovation …

Abstract Research Summary This study reexamines the relation between corporate social
responsibility (CSR) and financial performance by benchmarking firms against industry …

We examine whether climate change news risk is priced in corporate bonds. We estimate
bond covariance with a climate change news index and find that bonds with a higher climate …

This paper provides an overview of the academic literature on the market for corporate
control, and focuses specifically on firms' performance around and after a takeover. Despite …

This paper assesses whether shareholders drive the environmental and social (E&S)
performance of firms worldwide. Across 41 countries, institutional ownership is positively …

Combining the theses of “problemistic search” and “slack search,” past research in the
behavioral theory of the firm suggests that both low-and high-performing firms may engage …

The aim of this paper is to investigate the relationship between environmental, social, and
governance (ESG) controversies and firm market value. We use a unique dataset of more …

ABSTRACT During the 2008–2009 financial crisis, firms with high social capital, as
measured by corporate social responsibility (CSR) intensity, had stock returns that were four …

We examine how firms respond to the increased workplace transparency due to the
coverage on Glassdoor. com, which collects and disseminates reviews on employee …