This dissertation contains seven chapters. Chapter 1 serves as a general introduction to the risks and returns of collectibles, and is co-authored with Elroy Dimson. Chapter 2 investigates the long-term investment performance of art, and is co-authored with Luc Renneboog. Chapter 3, also written...

This dissertation contains three essays on financial reporting, tax, and politics. The first essay explores whether the tax authority is able to generate spillover effects for auditors. The IRS can generate spillover effects for auditors, as a strong IRS increases manager’s incentives to...

The outset for this thesis is the contemporary risk management concept of Enterprise Risk Management (ERM). ERM has for the last 20 years been advocated as a technology of managing with a potential impact for the value creation in corporate life. The idea of managing or controlling risk is...