Results 151 to 160 of about 18,872 (297)
The Real Effects of Investor Sentiment [PDF]
We study how stock market mispricing might influence individual firms' investment decisions. We find a positive relation between investment and a number of proxies for mispricing, controlling for investment opportunities and financial slack, suggesting ...
Christopher Polk, Paola Sapienza
core
Broke Autocrats, Broken Elections: Trade Shocks and Electoral Fraud in Autocracies
Economics &Politics, EarlyView.ABSTRACT We argue that when terms‐of‐trade (ToT) shocks reduce resource rents, autocrats lose the fiscal capacity to sustain loyalty through patronage and increasingly rely on electoral manipulation as a survival strategy. We present a simple model in which rents finance patronage in normal times, while adverse shocks reduce the effectiveness of ...
Antonis Adam, Sofia Tsarsitalidou
wiley +1 more source
Real earnings management and ESG disclosure in emerging markets: The moderating effect of managerial ownership from a social norm perspective. [PDF]
Heliyon, 2023 Liu T +3 more
europepmc +1 more source
Does an optimistic tone in annual reports predict better financial and non‐financial performance?
European Management Review, EarlyView.Abstract In the current paper, we investigate whether management adopts an optimistic disclosure tone to impress the corporate audience or to provide incremental information (II) by anticipating positive corporate performance. Specifically, we test whether an optimistic tone in annual reports (ARs) is a positive predictor of better financial and non ...
Francesco Gangi +3 more
wiley +1 more source
Voluntary disclosure of pandemic exposure and stock price crash risk. [PDF]
Financ Res Lett, 2022 Jin J, Liu Y, Zhang Z, Zhao R.
europepmc +1 more source
Financial Accountability &Management, EarlyView.ABSTRACT Research on Supreme Audit Institutions (SAIs) has expanded considerably in recent decades, reflecting their central role in promoting accountability and transparency in government. Based on a systematic review of 364 peer‐reviewed publications indexed in Scopus and Web of Science, this article examines how SAIs have redefined their work across
Nicolas Lagos
wiley +1 more source
Government Financial Reporting: A Study of Nested Controversy
Financial Accountability &Management, EarlyView.ABSTRACT There are two schools of thought on government financial reporting: one emanating from societal values and accountability to citizens; and one based on investment decisions and a business approach. There are staunch proponents of these different perspectives, which are rooted in economic thought and values.
Sheila Ellwood, Rhoda Brown
wiley +1 more source
Revisiting Asset Pricing Models: The Case for an Intangibles Factor
Financial Management, EarlyView.ABSTRACT In an increasingly knowledge‐based economy, intangible assets may be an important driver of firm performance and stock returns. We introduce an intangibles intensity factor (INT), distinct from the organization capital factor, and show that exposure to this factor strongly predicts stock returns, outperforming traditional factors.
Dion Bongaerts +2 more
wiley +1 more source
Do powerful CEOs matter for earnings quality? Evidence from Bangladesh. [PDF]
PLoS One, 2023 Arif HM, Mustapha MZ, Abdul Jalil A.
europepmc +1 more source
Financial Statement Information and Equity Value: The Role of Real Options Characteristics
Financial Management, EarlyView.ABSTRACT This paper examines whether firm‐specific real options characteristics are equity value‐relevant beyond valuation estimates anchored in financial statements. Using extensive historical data for the United Kingdom, we assess and compare the forecast accuracy and explanatory power for stock prices of equity valuation models based on residual ...
Mingyu (Chandler) Chen +2 more
wiley +1 more source