As part of the Securities and Exchange Commission's revision of Regulation S–K, which lays
out reporting requirements for publicly-listed companies, many investors proposed the …

This paper investigates whether and how business sustainability performance and
disclosure factors affect stock price informativeness (SPI). We find that non-financial …

We examine whether an increase in ETF ownership is accompanied by a decline in pricing
efficiency for the underlying component securities. Our tests show an increase in ETF …

This study examines whether financial materiality in environmental, social, and governance
(ESG) disclosure benefits the stock market by increasing the amount of accessible and …

We investigate what stock return synchronicity reflects in terms of price informativeness by
examining its effect on the pricing of seasoned equity offerings (SEOs). Based on 5,087 …

Reasoning that private firm-specific information causes firm-specific return variation that
drives down market-model R2s,[Morck et al., 2000, The Information Content of Stock …

How political uncertainty affects the supply of value relevant information about a firm is an
important but unresolved question. Using an emerging market setting where political leaders …

This study examines the impact of corporate governance, reflecting a wide spectrum of
board characteristics and ownership structure on agency costs in 281 listed companies on …

The disclosure of corporate social responsibility (CSR) information has been attracting
increasing attention from practitioners and researchers. This paper examines whether CSR …

Abstract Relying on the Stambaugh, Yu, and Yuan (2015) mispricing score and on 45
countries between 1994 and 2013, I document economically meaningful and statistically …