Working Paper
Listed Companies' Engagement with Diversity: A Multi-Jurisdictional Study of Annual Report Disclosures
The paper reports the findings of a multi-jurisdictional study on companies? reporting of diversity practices at board level and below. It involved a...
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Disclosure of Inside Information
The disclosure of inside information is a core component of EU capital market regulation. It underpins the market abuse regime, providing information...
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The Effects of Mandatory ESG Disclosure around the World
We compile a novel dataset on mandatory environmental, social, and governance (ESG) disclosure around the world to analyze the stock liquidity effects...
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The Dark Side of Industry Tournament Incentives
We find that firms whose CEOs face stronger industry tournament incentives, measured by their pay gap relative to the highest industry CEO pay, engage in...
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Torpedo Your Competition: Strategic Reporting and Peer Firm IPO
A firm’s initial public offering (IPO) generates negative externalities for industry competitors. To mitigate this threat, incumbent firms manage...
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Governance and Performance Revisited
Using unusually rich and accurate data from Oslo Stock Exchange firms, we find that corporate governance matters for economic performance, that...
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Public Oversight and Reporting Credibility: Evidence from the PCAOB Audit Inspection Regime
This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in market responses to earnings news...
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Climate Risk Disclosure and Institutional Investors
Employing disclosure theory, we develop hypotheses regarding the preferences of institutional investors with respect to firms’ climate risk...
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