This paper studies the drivers behind the monitoring effectiveness of institutional investors in curbing earnings management in an international setting. We identify three distinct drivers and propose two competing hypotheses: the hometown advantage hypothesis predicts that because of proximity...

More frequent and punctuated severe events such as dry spells are among the more salient manifestations of climate change. Because dry spells often co-occur with drought and heat waves, understanding the effects of dry spells and heat waves requires a multi-timescale and multi-stressor...