Drawing on the importance of social accounting for sustainable development, we study practices of environmental disclosure on the websites of companies listed on the Copenhagen Stock Exchange. The first part of this paper produces and discusses descriptive evidence on environmental reporting...

Dissemination of information via corporate websites is considered to be desirable, because it constitutes a way round modes of market failure, such as asymmetric information in capital markets and agency problems. This paper explores the relationship between internet disclosure, profitability...

The legitimacy, the identity and the social impact of financial institutions go beyond the generation of revenues for providers of capital, through financial intermediation. Financial institutions bear significant corporate social responsibility (CSR). We produce measures of CSR disclosure and...

Trading activity in G7 stock markets reflects not only the macroeconomic and financial impact of these G7 economies in international economic growth, but also their financial interdependence. While this nexus of major stock markets has been explored in terms of volatility and return spillovers,...

This study explores the determinants of Internet financial disclosure in the travel and leisure industry. Studying the case of the firms that are listed in the London Stock Exchange, we employ the generalized method of moments in order to investigate the cross-sectional variation in the quantity...

This paper reviews the first forty years of the Journal of Econometrics. The focus of the paper is on collaboration patterns and the internationalization of research in econometrics. We report the most prolific authors, institutions and countries and we find that the share of collaborative...

This paper outlines the assumptions on the nature of financial markets and investments that condition the mainstream theory of finance. Explanatory problems of financial economics are associated with the assumptions on financial reality and the respective method of inquiry, one routed in the...

Truth is important in the theory and practice of finance. Asset valuation is based on models that calculate true asset values as distinct from observed market prices. In financial economics, truth is essential in theoretical and empirical work in market microstructure, corporate finance and...

Acknowledgments are a special kind of intellectual partnership. Acknowledged scientists in published papers are called subauthors. We examine collaboration patterns between authors and subauthors in four finance journals from 1994 to 2013: the Journal of Finance, the Review of Financial Studies,...

The real-options aspect of R&D investment can be enriched through the integration of explicit modeling for knowledge value dynamics as well as agency-theoretic analysis. Our objective is to combine the market-related dynamics of the demand for R&D products with firm specific organizational...