In 1998, the German legislator obliged public limited companies to install a system to detect risks endangering corporate going concern at an early stage. Moreover, he required the auditor of annual financial statements to audit this risk monitoring system. This task is an international novelty...

The relation between defined-benefit pension discount rates and funding status is more complex than it might first appear. Existing evidence suffers from estimation biases which makes precise inference unreliable. We document the biases and quantify their impact on inference in relation to...

Corporate social responsibility (CSR) is an expanding area of activity for managers and academics. Increases in consumer demand for fair trade goods and growth in assets under professional management and invested with a social responsibility focus are driving demands for information not provided...

We investigate the effect of line-of-business diversification on asset risk-taking in the U.S. property-liability industry. The coordinated risk management hypothesis (Schrand and Unal, 1998) implies a negative relation between underwriting risk and investment risk. Consistent with this...

Purpose: The purpose of this paper is to contribute to the existing literature in behavioral finance by investigating the role played by company's investor relations website/webpage in inducing the individual investor's intention to invest in the company. The study investigates the role of...

The rapid growth of the internet has significantly influenced business reporting practices and accounting communication of companies. Studies of internet business reporting apply various indexes to measure disclosure practices. However, existing indexes suffer weaknesses in the scope covered,...

As the study shows, an urgent issue for businesses today is the problems of corporate fraud and the counteracting measures. Despite the continuous development of internal control and audit systems, business losses from fraud in enterprises are growing every year. The risks of fraud are growing...

In response to the increasing use of computer programs to process firm disclosures, this registered report develops a new measure of “scriptability” that reflects computerized, rather than human, information processing costs. We validate our measure using SEC filing‐derived data from prior...

This study investigates whether the political leaning of the state where a given firm is headquartered is related to that firm’s decision to voluntarily disclose information about the firm’s carbon emissions. Our study includes a sample of U.S. firms (the S&P 500) surveyed by the Carbon...