We use a hand-collected sample of roughly 300 international firms included in leading stock-market indices in ten countries to investigate how firms' reporting practices during the coronavirus (COVID-19) pandemic impact stock market reactions in term of stock performance and risk. For this, we...

We show that CEOs' contribution to SG&A cost asymmetry is associated with lower shareholder value. CEO-related excess SG&A cost stickiness of CEOs with compensation less tied to shareholder value creation and high power drive this association. Last, we provide first evidence that cost asymmetry...