Narrow search
Showing 1 - 10 of 161
Cover Image
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
Cover Image
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
Cover Image
Investor Inattention, Firm Reaction, and Friday Earnings Announcements
DellaVigna, Stefano - 2005
Do firms release news strategically in response to investor inattention? We consider news about earnings and analyze the response of returns to announcements on Friday and other weekdays. Friday announcements have less immediate and more delayed stock return response. The delayed response as a...
Persistent link: https://www.econbiz.de/10012466993
Cover Image
Complex Disclosure
Jin, Ginger Zhe - 2018
Disclosure policies have the potential to help consumers and make markets more efficient. Yet, the effectiveness of disclosure policies can be undermined if firms strategically make unfavorable information unnecessarily complicated to understand. To explore the incentives for using complexity in...
Persistent link: https://www.econbiz.de/10012453045
Cover Image
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
Cover Image
Firms' Stakeholders and the Costs of Transparency
Almazan, Andres - 2007
are higher when firms can initiate non-contractible innovative investments that enhance the value of their stakeholder … relationships. Stakeholder effects of transparency are especially important for younger firms with less established track records (e …
Persistent link: https://www.econbiz.de/10012464992
Cover Image
The Market Microstructure of Central Bank Intervention
Dominguez, Kathryn M. - 1999
One of the great unknowns in international finance is the process by which new information influences exchange rate behavior. This paper focuses on one important source of information to the foreign exchange markets, the intervention operations of the G-3 central banks. Previous studies using...
Persistent link: https://www.econbiz.de/10012471447
Cover Image
Stabilization Policies and the Information Content of Real Wages
Aizenman, Joshua - 1984
The purpose of this paper is to compare the behavior of an economy subject to labor contracts with an economy where the labor market clears in an auction manner. Such a comparison is intended to reveal the information content of real wages in a flexible economy. The analysis reveals two distinct...
Persistent link: https://www.econbiz.de/10012477717
Cover Image
The Informational Content of Bond Ratings
Ederington, Louis H. - 1984
This paper explores the risk structure of interest rates. More specifically, we ask whether yields on industrial and commercial bonds indicate that market participants base their evaluations of a bond issue's default risk on agency ratings or on publically available financial statistics. Using a...
Persistent link: https://www.econbiz.de/10012477771
Cover Image
Information : Hard and Soft
Liberti, José María - 2018
Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms. We define what is meant by hard and soft information and describe the relative advantages of each. Hard information is quantitative, easy to store and transmit in impersonal...
Persistent link: https://www.econbiz.de/10012480726