This paper investigates the capital market consequences of expectations management in the postRegulation Fair Disclosure period. Results show that investors “punish” firms that deliberately issue pessimistic public guidance to dampen analysts' expectations to a beatable level in the...

To curb global warming man has to reduce greenhouse gas emissions (GHGs) created to the atmosphere by human activities, and it cannot neglect the efforts of corporate communities. Indeed, companiesa direct emissions are dwarfed by supply chain GHGs from an industry sector. No matter to prepare...

This paper investigates whether the recent clustering of defined benefit (DB) pension plan freeze announcements is motivated at least in part by accounting concerns due to the Financial Accounting Standards Board's (FASB) pending adoption of Statement of Financial Accounting Standards No. 158...

We investigate whether cross listing shares in the form of depositary receipts in overseas markets benefits investors in emerging market countries. To test our hypotheses we analyze the differential stock price responses of cross-listed (CL) and non cross-listed (NCL) firms to financial crises...

The phenomenon of expectations management has received considerable attention from the popular press, accounting regulators and accounting researchers over the past number of years. Both anecdotal and academic evidence are consistent with managers actively taking actions to dampen financial...

Based on the actual situation and the survey results in rural areas, with the domestic and foreign advanced green building standard as a reference, we initially determine the evaluation indicator system for rural green building. We use the AHP-Delphi method to calculate the weight, and get a...

Reports show that it is necessary to control greenhouse gas emissions from the supply chain perspective. Numerous authors have already started quantifying the impacts of emission trading on supply chain performance in terms of cost and emissions. However, rare effort is made to conceptualize...

This paper studies the role of shareholder activism on corporate leases. We find that the presence of shareholder activists is associated with large increases in leasing. This association is stronger in periods of high real estate prices and for firms with larger amounts of real estate assets....