over the period 2003-2014 using rich micro-data on corruption and firms. After anti-corruption audits, municipalities … administrative firm level datasets and face-to-face firm surveys, we argue that corruption mostly acts as a tax on the local economy …

We study the information consequences of conservatism in accounting. Prior research shows that information asymmetries … in capital markets lead to firm-level increases in conservatism. In this paper, we further argue that increases in … conservatism improve the firm information environment and lead to subsequent decreases in information asymmetries between firm …

We examine the effect of auditor conservatism on corporate innovation. We hypothesize that, because conservative … increased auditor conservatism on corporate innovation is more pronounced when the client firms are under greater equity- and …

We empirically test the association between conditional conservatism and cost of equity capital. Conditional … conservatism imposes stronger verification requirements for the recognition of economic gains than economic losses, resulting in … significant negative relation between conditional conservatism and excess average stock returns over the period 1975-2003. This …

We examine the impact of China's anti-corruption campaign on firm-level financial reporting quality (FRQ). As an … important component of the anti-corruption campaign, in October 2013, “Rule 18” was issued to prohibit party and government …

Potential economic benefits of integrity and anti-corruption policies seem large. Nevertheless, much of the existing … paper reviews OECD’s involvement in integrity and anti-corruption agenda as well as available indicators of integrity and … anti-corruption policies and outcomes. It outlines avenues for future analysis that include assessment of public …

We examine the effect of labor unemployment risk on corporate accounting conservatism by exploring the relationship … between unemployment insurance benefits and conservatism. We find that lower perceived unemployment risk (i.e. higher … unemployment insurance benefits) is associated with lower conditional conservatism. The effect is more pronounced when employees …