The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

Financial reporting and disclosure are potentially important means for management to
communicate firm performance and governance to outside investors. We provide a …

We find that three factors—cryptocurrency market, size, and momentum—capture the cross‐
sectional expected cryptocurrency returns. We consider a comprehensive list of price‐and …

Due to the transition from a manufacturing-based to a knowledge-based economy, the
relevance of intellectual capital (IC) in firm value creation processes has significantly …

We provide data and code that successfully reproduces nearly all cross-sectional stock
return predictors. Our 319 characteristics draw from previous meta-studies, but we differ by …

This paper discusses the empirical literature on the economic consequences of disclosure
and financial reporting regulation, drawing on US and international evidence. Given the …

We construct a robust stochastic discount factor (SDF) summarizing the joint explanatory
power of a large number of cross-sectional stock return predictors. Our method achieves …

Business sustainability has emerged as the theme of the 21st century. We examine whether
and how different components of economic sustainability disclosure (ECON), as well as …

Integrated reporting () is an emerging international corporate reporting initiative to address
limitations to extant corporate reporting approaches, which are commonly criticized for being …

This paper investigates the impact of a firm's annual report readability and ambiguous tone
on its borrowing costs. We find that firms with larger 10-K file sizes and a higher proportion of …