The Agreement on the Application of Sanitary and Phytosanitary (SPS) Measures provides guidelines for countries to protect domestic production from pests and diseases. The guidelines permit consideration of consumer welfare. We find an optimal set of SPS measures considering total welfare and...

Ex ante misstatement risk confounds nearly all settings relying on restatements as a measure of audit quality, but researchers continue to debate how to effectively control for this construct. In this study, we consider a recent approach that involves controlling for prior period restatements...

The availability of bio-ethanol, a promising renewable alternative to fossil fuels depends on the supply of biomass produced from agricultural resources. The study attempts a system dynamics modelling approach to explore the implications of greenhouse gas concentration trajectories associated...

Employing a large sample of 12,454 firms across 40 countries from 2001 to 2014, we find that firms with high media coverage tend to take risky but value-enhancing investments. We further show that this positive relation is achieved through three plausible channels, namely, the information...

This paper uses machine learning to improve the prediction of corporate emissions so that financial regulators and investors can make better decisions about climate transition risk. The need for predictions arises because only a subset of global companies report emissions. The novelty is to use...

Choice of lease payments has been widely studied in the literature. There are three - not necessarily exclusive - explanations that have received attention. The first attributes the choice of fixed versus percentage lease payments to risk-sharing preferences. The second explanation views...

Although multinational companies (MNCs) have increasingly embraced a sustainability strategy for their own operations, fewer have tried to engage their (tier-one) suppliers in their sustainability initiatives. It is even rarer that MNCs engage their suppliers’ suppliers (lower-tier suppliers),...

Marketing tools, in addition to their role in persuasion and serving as a bridge between production and consumers, reduce prepurchase risks. This role has received less attention in the literature. This review highlights marketing's role in reducing consumers’ purchasing risk. We present our...

This research analyses small and medium enterprises directors' sensitivity to CSR, and more specifically to workplace wellbeing and risk management. We conducted a questionnaire survey of 1,800 directors of Belgian small and medium enterprises to determine their perceptions and actions regarding...

This study finds a negative relation between the use of a board-level risk committee and insurer value. The data are annual observations from 68 publicly traded insurers over years 2016 to 2003. The study examines the impact on value because the arguments favoring the use of a board-level risk...