extended information environment or more sustainable corporate tax strategies. In cross-sectional tests, we find that the …

When firms are forced to publicly disclose financial information, credit rating agencies are supposed to improve their … risk assessments. Theory predicts such an information quality effect but also an adverse reputational concerns effect … fundamentals. Analysts tend to give positive private information a lower weight in their risk assessment, while they put a higher …

markets. This study analyses whether a SRI screening process applied to equities results in a different performance outcome … performance effects of SRI screens. The 29 SRI stock indexes are analysed by single-factor models with benchmarks that closely … approximate the investment universe of the SRI stock indexes and by multi-equation systems that also exploit the information in …

markets. This study analyses whether a SRI screening process applied to equities results in a different performance outcome … performance effects of SRI screens. The 29 SRI stock indexes are analysed by single-factor models with benchmarks that closely … approximate the investment universe of the SRI stock indexes and by multi-equation systems that also exploit the information in …

This paper delineates the simultaneous impact of non-anticipated information on first and second moments of the … about the precise price impact of this information. Analyzing the US employment report, we find that headline information is …

there are no motives to engage in information gathering in a simple market regime with information asymmetries. In … particular, I show that there are market incentives for established firms to decrease the information gap between network …