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's value. He does so to reduce future uncertainty, which is valuable even under risk neutrality …
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The SEC has expressed concern that some emerging risks - most notably, cybersecurity risk - exhibit an insufficient … level and quality of disclosure. Policymakers envision a board role in cybersecurity risk management, but whether that role … would effectively improve risk disclosure is an open question. This paper uses a quasi-natural experiment to investigate …
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We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for the prevalence of the inverted U-shaped relation between environmental degradation and economic activity, namely the Environmental Kuznets Curve (EKC) hypothesis. First, we use...
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is used to study a spatial time series of pollution and household expenditure data in Indonesia. The analysis finds that … fewer parameters. The results suggest that growth in household expenditures precedes pollution reduction, particularly after … the expenditures of poorer households increase; that increasing pollution is followed by reduced growth in expenditures …
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