This paper investigates the impact of ESG disclosure on corporate risk-taking and how this impact is further affected by CEO power and incentives within US companies. We find that ESG disclosure decreases corporate risk-taking based on both accounting-based and market-based returns. Further, we...

Adopting a ‘positive theory of agency’ approach, we draw on insights from economic, finance, and accounting theory to develop and study the agency relation between the firm and the society in the context of the natural environment. We call it the natural environment agency theory (NEAT)....

Clinically available antifungal drugs have therapeutic limitations due to toxicity, narrow spectrum of activity, and intrinsic or acquired drug resistance. Thus, there is an urgent need for new broad-spectrum antifungal agents with low toxicity and a novel mechanism of action. In this context,...

Corporate social responsibility (CSR) contracting incorporates environmental, social and governance (ESG) related measures in executive compensation plans. Current research on this practice is limited to the US setting, despite it being adopted globally. We investigate the heterogeneity in CSR...

This study aims to examine whether family control has a positive effect on earnings management of manufacturing companies and whether leverage weakens the positive effect of family control on earnings management. This study uses panel data for the 2015-2019 observation year. The research...

Purpose: As shareholder-elected monitors, independent non-executive directors (INEDs) should ensure that managers do not retain earnings to promote their own interests. The relationship between board independence and dividend distributions was hence investigated for selected companies listed on...