We review recent literature on the role of corporate financial reporting and transparency in reducing governance-related agency conflicts between managers, directors, shareholders, and other stakeholders — most notably regulators — and suggest some avenues for future research. Key themes...

The ocean is central to our lives, but many of our impacts on the ocean are highly unsustainable, and patterns of resource exploitation at sea are deeply inequitable. This article assesses whether the objectives encapsulated in the UN's Sustainable Development Goal for the ocean are well...

The focus of this article is Anthony Giddens's work on equality as a key value of a renewed social democracy. The first section gives a brief account of the key normative arguments of Giddens's egalitarian vision. The second then introduces Giddens's distinction between 'emancipatory politics'...

This paper examines Nancy Fraser's attempt to repair the apparent schism between economic and cultural struggles for justice. Fraser has argued that the only analysis equipped to theorise the relationship between economic and cultural injustices is a quot;perspectival dualistquot; one, which...

We examine how firms' contractual relationships with their employees affect the design of their debt contracts, and their use of financial covenants and pricing grids in particular. Viewing the firm as nexus of both explicit and implicit contractual relationships, we argue that managers...

Ferri, Zheng, and Zou test Fischer and Verrecchia's (2000) prediction that a reduction in investors' uncertainty about managers' financial reporting objectives leads to an increase in the valuation-relevance of earnings reports. They use mandatory CD&A disclosures as an arguably exogenous...

We examine the relation between managers' personal income tax rates and their corporate investment decisions. Using plausibly exogenous variation in federal and state tax rates, we find a positive relation between managers' personal tax rates and their corporate risk-taking. Moreover — and...

We find that firms' tax planning exhibits strategic reactions: firms respond to changes in their industry-competitors' tax planning by changing their own tax planning in the same direction. We document evidence of these strategic reactions in two distinct research settings that entail an...