In light of current climate change discussions, this paper analyzes the effect of ownership structure on a firm's environmental performance with a subsequent focus on corporate emission reduction. Based on a cross-national European sample consisting of 7384 firm-year observations between 2008...

Purpose: Although principal–agent theory has gained a prominent place in research, its negative image of self-serving managers is frequently criticized. Thus, the purpose of this paper is to examine how existing theories of agency and stewardship can be combined by using behavioral...

This article examines how the passage of the EU Taxonomy Regulation (TR) has affected the realized returns of TR-aligned companies. The TR introduces a new classification scheme for environmentally sustainable economic activities as an alternative to traditional environmental, social, and...

This study explores the association between audit market concentration, audit quality, and audit fees in US audit markets. It contributes to the extant literature by modelling the interactive effects of the structural characteristics of audit markets on audit quality and pricing. Based on a...

This study examines determinants of materiality disclosure quality (MDQ) in integrated reporting (IR) in an international setting. To this purpose, we constructed a novel, hand-collected MDQ score in line with the IR guiding principles introduced by the International Integrated Reporting Council...

This paper studies the association between ownership by socially responsible investors (SRIs) and firm outcomes. In particular, we examine their impact on firm value and firm risk. Since the inclusion of environmental, social, and governmental (ESG) issues in investment decisions is not directly...

This article investigates the association between the CSR and marginal credit costs of European companies. We provide instance for a negative association based on a variety of model specifications and fine-grained measures for CSR. These results can be explained in light of the increasing...