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Managerial attention to environmental protection and corporate green innovation
We examine whether and how managerial attention to environmental protection (MAEP) affects firms’ green innovation. Using a sample of Chinese public...
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Does CEO myopia impede growth opportunities?
We present evidence that the negative impact of CEO short-termism on firm value can be attributed to a sub-optimal exercise of real options....
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Corporate social responsibility and myopic management practice: Is there a link?
A Corporate Social Responsibility (CSR)-myopic firm is one that experiences greater-than-normal operating profits but scores worse in its CSR...
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Perk consumption and CEO turnover
This study examines the relationship between perk consumption and forced CEO turnover. The results based on Chinese firms indicate that the...
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What do dividend changes reveal? Theory and evidence from a unique environment
We explore the reasons behind corporate dividend changes and factors driving those changes during 2001–2021 in Oman, as a unique environment. The...
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Economic policy uncertainty and heterogeneous institutional investor horizons
Existing literature has extensively discussed the impact of economic policy uncertainty (EPU) on firm-related activities, but there is sparse...
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The effect of co-opted directors on real earnings management
Co-opted directors are those elected after a CEO takes office. In this paper, we examine how co-opted directors affect real earnings management. Our...
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PNDL at the Crossroads Between Sociology, Public Management and Public Finance: Towards a Theoretical Approach
This study is about public organisations acting in a complex funding environment. Therefore, we draw on concepts and explanatory models from...
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Gambling culture, corporate risk preference and bond risk premium
In this paper, utilizing the Chinese context, we investigate whether and how the regional gambling culture affects bond risk premiums. Using a...
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R&D investment intensity and jump volatility of stock price
This paper studies the important but unexplored relationship between R&D investment intensity and different components of stock price volatility. The...
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ESG controversies and controversial ESG: about silent saints and small sinners
Based on an extensive international dataset containing Thomson Reuters environmental, social and corporate governance (ESG) rating, as well as...
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Is There a Short-Termism Problem at All?
This chapter delves into the financial and legal discussion around whether short-termism is a problem, and if so, what is causing it. This chapter...
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Law and Blockchains
Digital currency is both global and decentralized and existing legal structures do not always map cleanly to this new technology. Further, digital...
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Short-Termism Transmission Mechanisms
For the short-termism in Chapter 5 to be an issue, it must somehow result in short-termism actions of listed companies. This chapter explores the...
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Real Estate Markets and Lending: Does Local Growth Fuel Risk?
Real estate price growth affects credit risk for several reasons: it provides input for economic forecasts as it’s closely tied to economic growth;...
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Defining the Issues
This chapter provides an examination of the term ‘short-termism’ and its narrower application to stock market investing. Terms relevant to the...
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How do industry peers influence individual firms’ voluntary disclosure strategies?
This paper investigates how industry peer firms influence the voluntary disclosure strategies of individual firms. Our 2SLS regressions on an...
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What Has Been Done to Correct Short-Termism?
This chapter examines the most significant regulatory and financial industry reforms proposed or implemented to date that are meant to address the...
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Toward a Definition of Profit Smoothing
This chapter provides a definition of profit smoothing. The issue of financial manipulation and accounting fraud has long been felt in the public...