This study assesses the effect of economic, institutional, and cultural factors on green energy production. The present research considers only sources for which the European Union co-finances investment in production capacity; thus, we exclude hydroelectric power. The economic determinants are...

Managers have alternative discretionary choices. I exploit security-level disclosures in the insurance industry to examine auditors’ role in insurers’ choice between using two specific types of discretion to avoid other-than-temporary-impairment (OTTI) losses. Managers can avoid recognizing...