This survey reviews the literature on sell-side analysts' forecasts and their implications for
asset pricing. We review the literature on the supply and demand forces shaping analysts' …

We survey recent research in accounting anomalies and fundamental analysis. We use
forecasting of future earnings and returns as our organizing framework and suggest a …

In this study, we investigate the effect of carbon emissions on firms' default risk. While
existing literature exhibits the implications of emissions for firm performance and value, little …

We examine the impact of government economic policy uncertainty (GEPU) on corporate
innovation and identify a cost-of-capital transmission channel. We find that GEPU increases …

Due to globalization expansion, corporate social responsibility (CSR) is no longer an
unfamiliar concept in emerging markets. In the case of Vietnam, its implementation will be …

We examine the effect of economic policy uncertainty on the relation between investment
and the cost of capital. Using the news-based index developed by Baker et al.(2016) for …

Ianalyze the impact of a firm's environmental profile on its cost of equity and debt capital.
Using implied cost of capital derived from analysts' earnings estimates, I find that investors …

Integrated reporting is a new reporting tool that includes financial and nonfinancial
information, which represents a natural evolution of the corporate reporting movement …

We show theoretically that optimism can lead a risk-averse Chief Executive Officer (CEO) to
choose the first-best investment level that maximizes shareholder value. Optimism below …

We use earnings forecasts from a cross-sectional model to proxy for cash flow expectations
and estimate the implied cost of capital (ICC) for a large sample of firms over 1968–2008 …