In this paper, we use confidential personnel records from a large multinational firm to study the differences in subjective performance evaluation and their consequences across countries. We focus our analysis on three different sets of countries: Europe (where the headquarter is established),...

This present paper relates the results of an exploratory survey distributed among individuals invested in so-called ethical (or socially responsible) mutual funds, and attempts to develop a better understanding of these individuals’ ethical beliefs – especially concerning whether, or why,...

We develop a simple model of the effects of reputation on wine prices. An increasing fraction of consumers who are “naïve” (less well informed about wine quality) results in a stronger sensitivity of wine prices to ratings of quality. We then use data on prices and Robert Parker’s ratings...

This study focuses on earnings quality by investigating the quality of accruals using the approach <p> introduced by Dechow & Dichev (2002). One essential element is the role of accrual estimation errors, <p> and another is whether the equity market impounds information about the quality of earnings....</p></p>

There are a number of long-term global trends driving the demand for more environmentally friendly technologies. This area, referred as “cleantech”, was coined in the United States during this century and described as “new technology and related business models offering competitive returns...