The core goal of this study is to empirically investigate whether there is a “world price” of corporate sustainability. This is assessed in the context of standard asset pricing models—in particular, by asking whether a risk premium attaches to a sustainability factor after controlling for...

Purpose – The purpose of this paper is to assess management earnings forecasts in a continuous disclosure environment. Design/methodology/approach – A large sample of hand checked Australian management earnings forecasts are examined. These data are analysed using a series of logistic...

Purpose – This paper aims to establish the relation between corporate governance – as represented by investor protection at both the legal and firm levels – and stock market liquidity. Design/methodology/approach – This paper avails of the unique features of Hong Kong- and China-based...