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...

This study evaluates whether dual holdings report less conservatively than non-dual holdings. We define dual holdings as firms who have at least one shareholder who is a creditor simultaneously and hypothesize that this governance structure mitigates information asymmetries and therefore the...

This paper investigates whether relative corporate sustainability as measured by the Sustainable Asset Management (SAM) sustainability rating and sustainability reporting in terms of Global Reporting Initiative (GRI) application levels are associated with a higher market valuation. We conduct a...

We investigate the relation between asymmetric information of insider trades and international corporate social responsibility for U.S. firms listed in the MSCI world index during the period 2004 to 2010. In comparison to current studies, which focus on measuring the interrelation between the...

Die Untersuchung richtet sich auf die Ermittlung der relativen Bedeutung der laufenden und aperiodischen Besteuerung im Entscheidungsprozess der Rechtsformwahl. Unter Vernachlässigung von Planungskosten sollten rationale Steuerpflichtige die Steuerbelastung als ein Entscheidungskriterium bei...

Wirtschaft und Gesellschaft befinden sich aktuell im Sog der weltweiten Coronakrise. Kilmaschutz und die Förderung der nachhaltigen Entwicklung stehen aber nach wie vor auf der poltischen Agenda, und das Thema »Sutainable Finance« gewinnt an Bedeutung. Die Finanzwirtschaft kann ein Hebel zum...

This article provides an overview of existing community-contributed commands for executing event studies. I assess which command(s) could have been used to conduct event studies that have appeared in the past ten years in three leading accounting, finance and management journals. The older...