We assess the investor reaction to a potential introduction of public country-by-country reporting (CbCR) into the European Capital Requirements Directive IV. Estimating cumulative abnormal returns with the help of a multivariate regression model, we find weak significant evidence around our...

Repurchase agreements are money market instruments that are used widely and for various purposes due to their simplicity and flexibility. The European repo market is quite concentrated, as 80% of the transactions is conducted be-tween the top 20 banks and 61.9% of the collaterals used in the...

The aim of the chapter is twofold. On the one hand, it explores the main features of theSustainable Finance Disclosure Regulation. On the other hand, it tries to assesswhether the Sustainable Finance Disclosure Regulation is likely to succeed inharmonising sustainability-related (i) disclosure...

This paper investigates the capital market consequences of expectations management in the postRegulation Fair Disclosure period. Results show that investors “punish” firms that deliberately issue pessimistic public guidance to dampen analysts' expectations to a beatable level in the...

Signalling theory posits that the most profitable companies provide the market with more and better information. The research, however, reveals disaccording results. Because the general disclosure level depends on many factors, our paper centres on a focal point of the signal that companies send...

The objectives of this study are to measure the level of voluntary disclosure provided in the annual reports of Jordanian companies and to examine the impact of disclosure level on the stock market liquidity using Jordanian data. To achieve the first objective, a self-constructed disclosure...

This paper investigates the relationship between annual report disclosure, market liquidity, and capital cost for firms registered on the Deutsche Börse. Disclosure is comprehensively measured using the innovative Artificial Intelligence Measurement of Disclosure (AIMD). Results show that...