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The Real Effects of Mandatory CSR Disclosure on Emissions : Evidence from the Greenhouse Gas Reporting Program
Yang, Lavender; Muller, Nicholas Z.; Liang, Pierre Jinghong - National Bureau of Economic Research - 2021
We examine the real effects of the Greenhouse Gas Reporting Program (GHGRP) on electric power plants in the United … States. Starting in 2010, the GHGRP requires both the reporting of greenhouse gas emissions by facilities emitting more than … primary channel through which mandatory Corporate Social Responsibility (CSR) reporting programs affect firm behavior …
Persistent link: https://www.econbiz.de/10012599274
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Measuring Firm Environmental Performance to Inform Asset Management and Standardized Disclosure
Muller, Nicholas Z. - National Bureau of Economic Research - 2021
Investing according to environmental, social, and governance (ESG) criteria is gaining momentum. Most environmental performance indices focus only on the tonnage of carbon dioxide (CO₂) emissions. This paper proposes an index covering eight pollutants expressed in monetary damage. Inclusion of...
Persistent link: https://www.econbiz.de/10012696363
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Corporate Social Responsibility and Imperfect Regulatory Oversight : Theory and Evidence from Greenhouse Gas Emissions Disclosures
de Bettignies, Jean-Etienne - 2020
This paper develops and tests a model in which 1) purpose-driven firms emerge as an optimal organizational form even for profit-maximizing entrepreneurs; and 2) CSR arises endogenously as a response to imperfect regulatory oversight. Purpose-driven organizations allow entrepreneurs to create...
Persistent link: https://www.econbiz.de/10012482378
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The flow-of-funds approach to social accounting : appraisal, analysis, and applications
1962 - Nachdr. der Ausg. 1962
Persistent link: https://www.econbiz.de/10001464237
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Adoption and Learning Across Hospitals : The Case of a Revenue-Generating Practice
Sacarny, Adam - 2018
Performance-raising practices tend to diffuse slowly in the health care sector. To understand how incentives drive adoption, I study a practice that generates revenue for hospitals: submitting detailed documentation about patients. After a 2008 reform, hospitals could raise their Medicare...
Persistent link: https://www.econbiz.de/10012453219
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Misreporting Trade : Tariff Evasion, Corruption, and Auditing Standards
Kellenberg, Derek - 2016
In official international trade statistics, annual commerce between every pair of countries is reported twice: once by the importing country and once by the exporter. These double reports provide an opportunity for audit. In principle, the two reported trade values should differ systematically...
Persistent link: https://www.econbiz.de/10012456086
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Do Private Equity Funds Manipulate Reported Returns?
Brown, Gregory W. - 2016
Private equity funds hold assets that are hard to value. Managers may have an incentive to distort reported valuations if these are used by investors to decide on commitments to subsequent funds managed by the same firm. Using a large dataset of buyout and venture funds, we test for the presence...
Persistent link: https://www.econbiz.de/10012456184
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The Effect of New Information Technologies on Asset Pricing Anomalies
Hirshleifer, David; Ma, Liang - National Bureau of Economic Research - 2024
We test and compare the effects of introduction of two new financial information technologies, EDGAR and XBRL, on well-known asset pricing anomalies often attributed to mispricing. EDGAR facilitates easier access to public accounting information about public firms; XBRL reduces the cost of...
Persistent link: https://www.econbiz.de/10015056093
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The Information Content of Corporate Earnings : Evidence from the Securities Exchange Act of 1934
Binz, Oliver; Graham, John R. - National Bureau of Economic Research - 2022
We examine whether the Securities Exchange Act of 1934 increased the information content of corporate earnings disclosures. Prior research questions whether the Act improved disclosure quality but generally relies on long-window tests and yields mixed results. We focus on whether the Act...
Persistent link: https://www.econbiz.de/10012938716
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Testing the Effectiveness of Consumer Financial Disclosure : Experimental Evidence from Savings Accounts
Adams, Paul D. - 2019
Disclosure--the practice of providing information to support decision making--has been widely mandated in public policy but is routinely ignored by consumers and subject to obfuscation by firms. Yet most evidence on the effectiveness of consumer financial disclosure stems from lab experiments...
Persistent link: https://www.econbiz.de/10012479669