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Now showing items 1-10 of 33
Firm Competitiveness and Detection of Bribery
(2014-01-13)
Using survey data from firms around the world I analyze how detection of bribery has impacted a firm’s competitiveness over the past year. Managers report that the most significant impact was on employee morale, followed ...
Integrated Reporting and Investor Clientele
(2014-04-24)
In this paper, I examine the relation between Integrated Reporting (IR) and the composition of a firm’s investor base. I hypothesize and find that firms that practice IR have a more long-term oriented investor base with ...
The Impact of Corporate Social Responsibility on Investment Recommendations: Analysts' Perceptions and Shifting Institutional Logics
(Wiley-Blackwell, 2014-07-18)
We explore the impact of corporate social responsibility (CSR) ratings on sell-side analysts' assessments of firms' future financial performance. We suggest that when analysts perceive CSR as an agency cost, due to the ...
Mutual Fund Trading Pressure: Firm-Level Stock Price Impact and Timing of SEOs
(Wiley-Blackwell, 2012)
In tests of the equity market timing theory of external finance, the prior literature has used overvaluation identifiers such as high market-to-book and high prior returns that are likely correlated with other determinants ...
Pay for Environmental Performance: The Effect of Incentive Provision on Carbon Emissions
(2012-12-07)
Corporations are increasingly under pressure to improve their environmental performance and to account for potential risks and opportunities associated with climate change. In this paper, we examine the effectiveness of ...
The Stock Selection and Performance of Buy-Side Analysts
(2012-11-09)
Prior research on equity analysts focuses almost exclusively on those employed by sell-side investment banks and brokerage houses. Yet investment firms undertake their own buy-side research, and their analysts face different ...
Does Mandatory IFRS Adoption Improve the Information Environment?
(2012-11-09)
More than 120 countries require or permit the use of International Financial Reporting Standards (‘IFRS’) by publicly listed companies on the basis of higher information quality and accounting comparability from IFRS ...
Corporate Social Responsibility and Access to Finance
(2012-11-09)
In this paper, we investigate whether superior performance on corporate social responsibility (CSR) strategies leads to better access to finance. We hypothesize that better access to finance can be attributed to a) reduced ...
Resources or Power? Implications of Social Networks on Compensation and Firm Performance
(2012)
Using a sample of 4,278 listed UK firms, we construct a social network of directorship-interlocks that comprises 31,495 directors. We use social capital theory and techniques developed in social network analysis to measure ...
WHAT DRIVES CORPORATE SOCIAL PERFORMANCE? THE ROLE OF NATION-LEVEL INSTITUTIONS
(2012-11-02)
Based on Whitley's "National Business Systems" (NBS) institutional framework (Whitley 1997, 1999), we theorize about and empirically investigate the impact of nation-level institutions on firms' corporate social performance ...