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Press Freedom and Systemic Risk

open access: yesJournal of Business Finance &Accounting, EarlyView.
ABSTRACT This paper investigates the role of press freedom on systemic risk using an international sample of banks. We construct a novel and comprehensive measure of press freedom by integrating data from multiple widely recognized sources: the Reporters Without Borders Press Freedom country ranking, the Freedom of Expression Index, and the Freedom ...
George Kladakis, Alexandros Skouralis
wiley   +1 more source

Influential Information Supply or Just a Modern Pillory? Investor Perceptions of the CEO Pay Ratio Disclosure Rule

open access: yesJournal of Business Finance &Accounting, EarlyView.
ABSTRACT We investigate investor perceptions of the US CEO pay ratio disclosure rule by studying market reactions to its implementation. Our findings reveal an overall negative market reaction, suggesting that investors anticipated the disclosure rule to be detrimental on average across firms.
Anamarija Delic, Peter Schäfer
wiley   +1 more source

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