We define higher audit quality as greater assurance of high financial reporting quality.
Researchers use many proxies for audit quality, with little guidance on choosing among …

In 2001, the US moved to regulate internal control reporting by management and auditors.
While some jurisdictions have followed the lead of the US, many others have not. An …

Despite the burgeoning interest in environmental, social and governance (ESG) ratings,
current results regarding ESG rating‐performance relationship are inconclusive. Since what …

In recent years, as the concept of sustainable development has grown in popularity, ESG
has attracted widespread interest from people of all backgrounds. This paper empirically …

This paper discusses the empirical literature on the economic consequences of disclosure
and financial reporting regulation, drawing on US and international evidence. Given the …

Abstract Research Summary We estimate firm‐level physical risk from climate change based
on managerial evaluation and firms' exposure to climate hazard events and find that climate …

We provide more direct evidence on the causal relation between the quality of financial
reporting and investment efficiency. We examine the investment behavior of a sample of …

I examine the effects of proprietary information on corporate transparency and voluntary
disclosure. To do so, I develop and validate two measures of firms' reliance on trade …

We review recent literature on the role of financial reporting transparency in reducing
governance-related agency conflicts among managers, directors, and shareholders, as well …

This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …