Political uncertainty is a risk that affects the decision-making processes of firms. Therefore, it is crucial to understand what causes political uncertainty and include appropriate indicators in a risk management system. This study introduces election polls as a new determinant of political...

Research on board diversity uses two approaches to measure the concept – measuring the diversity of one attribute, like gender, or summing up the diversities of a small set of attributes to an additive board diversity measure. However, since human nature is complex, two people with only one...

Investors weigh financial and sustainability information for their investment decisions, but evidence regarding the drivers of individual investors’ weighting is limited. Thus, we examine whether investors’ sustainability preferences, higher-order beliefs about other investors’...

This study investigates the effect of investors’ pro-sustainable higher-order beliefs – their beliefs about other investors’ preferences toward sustainability – on their investment decisions, and whether this relationship is sensitive to sustainability performance. While prior research...

In this paper I consider the impact of a noisy indicator regarding a manager’s manipulative behavior on optimal effort incentives and the extent of earnings management. The analysis in this paper extends a twotask, single performance measure LEN model by including a binary random variable. I...