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shareholders experience positive abnormal returns in the short-run. In the long-run, inversions have a deleterious effect on …
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We examine the shareholder wealth effects of the adoption of the UK Modern Slavery Act (MSA) in 2015. The MSA's Transparency in Supply Chains clause introduced new reporting requirements mandating certain firms to provide an annual statement outlining their actions to tackle modern slavery in...
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transparency. Overall, our results suggest an expected net benefit to shareholders from the XBRL mandate …
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