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 study collates potential economic effects of mandated disclosure and reporting
standards for corporate social responsibility (CSR) and sustainability topics. We first outline …

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 …

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 …

Using a large sample of firms from 30 countries, we find that the integration of corporate
social responsibility (CSR) criteria into executive compensation is associated with greater …

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' …

The effectiveness of environmental, social, and corporate governance (ESG) performance
has been widely discussed and is often linked to corporate financial performance or firm …

We analyze private fixed investment in the US over the past 30 years. We show that
investment is weak relative to measures of profitability and valuation–particularly Tobin's Q …