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We examine the impact of corporate board reforms on firm value in 41 countries. Using a difference-in-differences design, we find that board reforms increase firm value. Reforms involving board and audit committee independence, but not reforms involving separation of chairman and CEO positions,...
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We document the existence of an anomalous asset growth effect globally and find that it comprises some combination of a market mispricing and some pervasive global systematic risk. To support our findings, we explore a battery of tests to include how country-level governance and market...
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We study the return predictive power of asset growth related measures in the MSCI World Universe, which includes all the developed markets. We find strong return predictive power of asset growth related measures in these markets. This power is particularly stronger for two-year total asset...
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In this study, a metal–organic framework (MOF)-supported Co-doped hollow carbon nitride (ZCCN) catalyst was constructed by etching zeolitic imidazolate framework-67 (ZIF-67). Excellent visible light capture and electron transfer performance of the catalyst were revealed, and 99% tetracycline...
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