Using a sample of European banks, this paper examines the link between disclosure and its economic consequences. We exploit an exogenous cost of capital shock created by the Greek Sovereign Debt Crisis and analyze banks' disclosure responses to this shock. First, we find that European banks...

We investigate the market reaction to legislative events pertaining to the eXtensible Business Reporting Language (XBRL) mandate. The SEC contends that requiring issuers to adopt XBRL for filing their financial statements would reduce information processing costs and improve market efficiency....

We examine how the adoption of the eXtensible Business Reporting Language (XBRL) for financial reporting impacts the pricing of bank loans. Using a sample of loans granted to U.S. borrowers from 2007–2013, we find that the adoption of XBRL is associated with a reduction in loan spreads. We...

Bimetallic and magnetic hollow spheres (FeCo@C) are developed and serves as highly efficient catalysts for removal of organic contaminants. In comparison to Fe@C and Co@C, FeCo@C exhibited a superior activity for removal of Orange G (OG) with extremely low concentration of FeCo@C (50.0 mg/L) via...