Firms constantly face new and more stringent tax disclosure requirements and, increasingly, paying a fair share of tax … disclosure leads to intended outcomes, using, as an exogenous shock, the 2016 UK reform that required the disclosure of tax … tax strategy report - significantly increase the volume, but not the quality, of tax strategy disclosure in the annual …

investigates this strategic use of vagueness in voluntary disclosure and asks whether there is scope for policy to improve … sophistication. Imposing precise disclosure leads to more easily interpretable messages, but results in fewer sender types disclosing … at all. Since non- disclosure also systematically misleads naive receivers, the welfare implications of imposing …

analyze the reporting behavior and the degree of transparency across the reports. We observe a large heterogeneity with …

predictions using a large scale quasi-natural experiment in Germany, where firms were required to publicly disclose annual …

We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to … findings provide no indication that the disclosure requirement led to a significant deterioration in the financial operating … performance of the treated firms, despite the significant carbon footprint reduction following the disclosure mandate. …

Firms are facing progressively more stringent tax disclosure requirements. In this paper, we examine whether increased … qualitative tax transparency leads to intended outcomes using, as an exogenous shock, the 2016 UK reform that mandated the … disclosure of a tax strategy for firms above a certain size threshold. We find that firms that have to publish a separate tax …

We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low … underestimation of emissions from fossil energy firms (imperfect disclosure) provides them with too much funding. While improving … disclosure in isolation has limited effects, it proves most beneficial in connection with higher carbon taxes: Improving …

The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to … disclose, in accessible language, details of their data collection, processing, and use. The specifics of the disclosure … firms. We use text-as-data techniques to construct measures of disclosure and readability and show that firms increased the …

This paper analyzes how newly introduced transparency requirements for short positions affect investors' behavior and … regulatory disclosure threshold, we offer several novel insights. Positions accumulate just below the threshold, indicating that … that the transparency measures effectively represent a short-sale constraint for secretive investors, which results in …