Each year, the NCAA basketball tournament (March Madness) is a daytime distraction for millions of people, providing a largely exogenous shock to investor attention. We investigate whether March Madness influences the market response to earnings by diverting investor attention away from earnings...

Debates persist among academics, regulators, practitioners, and standard setters regarding the extent to which different asset measurement methods aid investment decisions. Surprisingly, evidence of actual resource providers’ views on this issue is sparse. We survey 528 and interview 13...

We examine whether investors’ commitment to socially responsible investment principles influences the public disclosure of environmental, social, and governance (ESG) issues of their investee firms. We find that following institutional investors’ public commitment to the United Nations...