Finance and Accounting
Recent Submissions
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Investor behavior around targeted liquidity announcements
(Elsevier / British Accounting Association, 14 November 2023)We exploit announcements related to targeted longer-term financing operations (TLTROs) as exogenous shocks in investor perceptions to test recent theories on bank funding liquidity (Liu 2015, Ahnert et al. 2019). We find ... -
The economic consequences of corporate social irresponsibility and policy implications
(Asian Development Bank, 8 September 2023)Although extensive research has explored topics related to corporate social responsibility (CSR)—particularly within the context of the Sustainable Development Goals—including its impact on firms’ performance, the ... -
Does analysts’ industrial concentration affect the quality of their forecasts?
(Springer, 17 October 2023)We examine the association between financial analysts’ industrial concentration and the quality of their earnings forecasts. We find that analysts’ forecast quality, measured by forecast accuracy, forecast informativeness, ... -
Contribution to poverty alleviation: A waste or benefit for corporate financing?
(Elsevier, 21 October 2023)We investigate whether Chinese firms’ involvements in poverty alleviation affect their costs of financing. We find causal evidence that firms’ contributions to poverty alleviation result in lower cost of equity and lower ... -
Public service management reform: an institutional work and collective framing approach
(Routledge, 1 May 2023)Research on how public service management copes in difficult times is needed. This paper theorizes how collective action frames are created to nurture new practices in challenging contexts. The case concerns an Irish local ...