Requiring energy efficiency building codes raises housing prices (or the monthly rental equivalent), but theoretically this effect might be fully offset by reductions in household energy expenditures. Whether there is a full compensating differential or how much households are paying implicitly...

This paper estimates the marginal willingness to pay for climate amenity in the US using hedonic pricing and wage models. Research identifies that higher January temperatures are an amenity and households are willing to pay approximately US$5.90 ($2004) per month for a 1°F increase in the...

Purpose: The purpose of this paper is to identify means of better associating executive remuneration with managerial decision making and firm performance. Design/methodology/approach: The authors evaluate the influence of conditional accounting conservatism on CEO compensation. The authors...

Purpose: The purpose of this paper is to investigate Chinese stock market reaction to the announcements of dividend reductions and omissions. Design/methodology/approach: The data sets cover the period from 1990 to 2009. A rolling portfolio approach is performed and the Fama–French...