We introduce a measure of customer franchise value for subscription–based companies — a fast growing and vital sector of the economy. This measure is based on information voluntarily disclosed by some, but not all, firms. Controlling for self-selection, we examine the measure's information...

Payment method choice in takeovers is mainly driven by both asymmetric information between the acquirer and the target and the acquirer’s financial capability. In this paper, we examine whether increased transparency and better access to finance induced by environmental, social, and governance...

Prior accounting studies on relative performance information (RPI) have mainly considered the effects of RPI on employees’ performance. This study extends this stream of research by investigating relational effects of RPI that capture RPI recipients’ attitudes towards RPI provision....