The automotive industry has been marred by numerous high-profile scandals in recent decades. Inasmuch as the automotive industry is characterized by strong relationships between manufacturers and suppliers, a scandal’s adverse effects may spread through the supply chain. However, the effect of...

This study examines the effects of environmental, social, and governance (ESG) performance on bond volatility. After controlling for bond characteristics and firm fundamentals, we find a robust positive relationship between ESG performance and bond volatility. The empirical results demonstrate...

This study uses equal-weighted portfolios of financial and non-financial SEC registrants to examine the market reaction to proposed SEC short-term borrowing disclosure regulation. Using event study methodology and two event dates -- that is, announcement and voting dates -- we find that the...