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To Starve or to Stoke? : Understanding Whether Divestment vs. Investment Can Steer (Green) Innovation
Pless, Jacquelyn - National Bureau of Economic Research - 2023
divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a … critical component of transitioning to a cleaner economy. Divestment could theoretically steer innovation by increasing the … investment opportunities. I argue that continuing to invest in dirty industries could drive green innovation conditional on …
Persistent link: https://www.econbiz.de/10014226139
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Learning and the Disappearing Association Between Governance and Returns
Bebchuk, Lucian A. - 2010
In an important and influential work, Gompers, Ishii, and Metrick (2003) show that a trading strategy based on an index of 24 governance provisions (G-Index) would have earned abnormal returns during the 1991-1999 period, and this intriguing finding has attracted much attention ever since it was...
Persistent link: https://www.econbiz.de/10012462740
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Choosing Technology : An Entrepreneurial Strategy Approach
Gans, Joshua S. - 2020
A central premise of research in the strategic management of innovation is that start-ups are able to leverage emerging … imitation. Our findings suggest that staged exploration may stall innovation as a result of the replacement effect, increasing …
Persistent link: https://www.econbiz.de/10012481344
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From Imitation to Innovation : Where Is all that Chinese R&D Going?
König, Michael - 2020
two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …
Persistent link: https://www.econbiz.de/10012481599
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Research in Accounting for Income Taxes
Graham, John - 2010
This paper comprehensively reviews Accounting for Income Taxes (AFIT). The first half provides background and a primer on AFIT. The second half reviews existing studies in detail and offers suggestions for future research. We emphasize the research questions that have been addressed (most of...
Persistent link: https://www.econbiz.de/10012462987
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The Economics of Earnings Manipulation and Managerial Compensation
Crocker, Keith J. - 2006
This paper examines managerial compensation in an environment where managers may take a hidden action that affects the actual earnings of the firm. When realized, these earnings constitute hidden information that is privately observed by the manager, who may expend resources to generate an...
Persistent link: https://www.econbiz.de/10012466016
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Australian Government Balance Sheet Management
Au-Yeung, Wilson - 2006
Based on this framework, we find that a Future Fund portfolio that included (amongst other potential investments) domestic nominal securities and equities of selected countries would reduce overall balance sheet risk
Persistent link: https://www.econbiz.de/10012466348
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Earnings Manipulation and Managerial Investment Decisions : Evidence from Sponsored Pension Plans
Bergstresser, Daniel - 2004
Managers appear to manipulate firm earnings when they characterize pension assets to capital markets and alter investment decisions to justify, and capitalize on, these manipulations. We construct a measure of the sensitivity of reported earnings to the assumed long-term rate of return on...
Persistent link: https://www.econbiz.de/10012468150
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Continuing Dangers of Disinformation in Corporate Accounting Reports
Kane, Edward J. - 2003
compensation that allow corporate insiders to profit extravagantly from temporary boosts in a firm's accounting condition or …
Persistent link: https://www.econbiz.de/10012469064
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Managing Annual Accounting Reports to Avoid State Taxes : An Analysis of Property-Casualty Insurers
Petroni, Kathy R. - 1998
We hypothesize that, in their annual accounting reports, insurers allocate premiums and losses from multistate policies to reduce total state taxes. To test this prediction, we examine firm-level data, collected from the publicly-available statutory reports used to compute tax bases and filed...
Persistent link: https://www.econbiz.de/10012472220