This study draws on the multi-perspectives of organizational legitimacy theory to investigate the simultaneous association between corporate carbon emissions, carbon disclosure and organizational performance. Based on a sample of 62 UK Financial Times Stock Exchange (FTSE) 100 firms in...

This paper examines the relationship between corporate ownership structure and greenhouse gas (GHG) emissions. We find that institutional ownership significantly reduces corporate GHG emissions in China. We also observe that pressure-resistant institutional investors and qualified foreign...

This study estimates causal effects of traffic congestion on air quality in local areas within a city, highlighting spatial variations in local traffic, local air pollution, and health risks to residents due to local pollutant exposure. We employ a large size taxi driving trajectory data to...

Using alcohol, tobacco, and gaming consumption data and people's attitudes toward these sin products to proxy for social norm acceptance levels, we show a strong interaction effect between social norms and financial incentives, which significantly influence the behavior of market participants....

This paper studies the effect of immigrant status on mortgage delinquency. Due to their different social and economic background, immigrant households may not integrate well into the host society and therefore are more likely to be delinquent on mortgages than otherwise identical native-born...

This paper develops a formal model to examine the effect of changing market conditions and individuals' selling constraints on selling price and time-on-market. Using the concept of Relative Liquidity Constraint (RLC) – a stochastic variable that captures the randomness of future individual...

Existing research on racial discrimination in mortgage lending has overwhelmingly focused on whether black applicants are more likely to be denied for credit than comparable white applicants. This study investigates whether the approved black applicants are likely charged higher interest rates...

We analyze PIPE (Private Investments in Public Equity) transactions in which the issuer experienced class action lawsuits. We explain the associated information effects measured by the announcement wealth effects and the discounts. Counting on a comprehensive, hand-gathered dataset, we show that...

Using a 10,709 firm-year sample covering the 1998–2007 period, we investigate the determinants of capital structure among 1,491 ASEAN-4 (Indonesia, Malaysia, the Philippines, and Thailand) emerging market firms. Building on the work of previous authors, we apply the two-step generalized method...