This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global financial crisis. Using a differences-in-differences design, we find that firms with less conservative financial reporting experienced a sharper decline in investment activity following...

Dozens of countries have established Sovereign Wealth Funds (SWFs) in the last decade or so, in the majority of cases employing those funds to manage the large revenues gained from selling resources such as oil and gas on a tide of rapidly rising commodity prices. These funds have raised a...

Dozens of countries have established Sovereign Wealth Funds (SWFs) in the last decade or so, in the majority of cases employing those Funds to manage the large revenues gained from selling resources such as oil and gas on a tide of rapidly rising commodity prices. These Funds have raised a...

The ocean is central to our lives, but many of our impacts on the ocean are highly unsustainable, and patterns of resource exploitation at sea are deeply inequitable. This article assesses whether the objectives encapsulated in the UN's Sustainable Development Goal for the ocean are well...

Many of the most important recent debates on global distributive justice take place between defenders of global egalitarian positions, on the one hand, and defenders of more sufficientarian or 'minimalist' positions on the other. This paper reviews two recent contributions to those debates, from...

Within the debate over global distributive justice, the most challenging proposals - those forwarded by global egalitarians - have attracted the objection that their ideals are incompatible with recognising the legitimate self-determination of national communities. In response, we might say that...