Purpose – The aim of the paper is to investigate whether social disclosure and environmental disclosure have a substituting or a complementing effect in reducing information asymmetry between managers and stock market participants Design/methodology/approach – This study attempts to provide...

Purpose – The purpose of this paper is to explore how the tension between a firm’s CEO power features and externally observable hubris attributes may determine the likelihood of financial misreporting. Design/methodology/approach – The analyses are based on a sample of 16 Canadian firms...

Purpose The purpose of this paper is to assess if a firm’s ethical lapses, which result from unethical behavior or actions, influence its social disclosure (SD) practices as well as how ethical lapses affect both the firm’s legitimacy within society and its standing in financial markets....