Employing an international sample of 29,889 firms across 67 economies spanning 2007 to 2018, this paper investigates the impact of climate change on corporate tax avoidance. Empirical results show that higher climate risk is associated with higher tax avoidance. Further analysis suggests that...

This study finds that the rival response of acquisition targets is positively associated with rivals’ media coverage. We show that media coverage increases the probability of rivals being targeted in the future and the expected returns conditional on future acquisitions, thus supporting the...

Employing a large sample of 12,454 firms across 40 countries from 2001 to 2014, we find that firms with high media coverage tend to take risky but value-enhancing investments. We further show that this positive relation is achieved through three plausible channels, namely, the information...

This paper studies the role of media in explaining the heterogeneity in the rival response of acquisition targets. We find robust evidence that the rival response of acquisition targets is positively associated with rivals’ media coverage. Furthermore, we show that media coverage increases the...