We investigate the impact on shareholder rights of an exogenous variation in creditor rights that results from the staggered enactment of anti-recharacterization laws (ARL). Using difference-in-difference approach, we show that strengthening creditor rights caused an increase in dividend yield...

We use a unique database that includes selective environmental disclosures to examine the impact of economic policy uncertainty on corporate greenwashing in the US. Our results suggest that during periods of heightened EPU firms reduce their greenwashing, as they appear to disclose more...