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This study examines whether and how the practice of providing CSR information in the management discussion and analysis (MD&A) section of annual reports affects the relation between CSR performance and firm value in an international context. Based on a large sample from 42 countries, our results...
Persistent link: https://www.econbiz.de/10013225635
Using the staggered adoption of anti-re-characterization laws (ARL) as an exogenous shock to creditor rights, we study the causal effects of creditor rights on borrowers' accounting conservatism. ARL precludes the re-characterization of securitized assets which otherwise can be re-characterized...
Persistent link: https://www.econbiz.de/10012827863
Persistent link: https://www.econbiz.de/10012612554
A large number of financial assets are traded in both exchanges and over-the-counter markets (i.e., centralized and decentralized markets, CM and DM hereafter, respectively). Moreover, the last century has witnessed the secular migration of asset trading from CM to DM. To this end, this paper...
Persistent link: https://www.econbiz.de/10012850414
Persistent link: https://www.econbiz.de/10013459126
Climate change severely challenges our ecosystem and society, affecting urban residents' socioeconomic activities. Thus, assessing severe weather risk is crucial for evaluating urban sustainability; understanding trends, causes, and impacts on socioeconomic development; and supporting the United...
Persistent link: https://www.econbiz.de/10015414106