The disclosure of inside information is a core component of EU capital market regulation. It underpins the market abuse regime, providing information...
We compile a novel dataset on mandatory environmental, social, and governance (ESG) disclosure around the world to analyze the stock liquidity effects...
This paper develops a theory of information disclosure with disagreement, and then examines its implications for financial and non-financial firms. I...
We find that firms whose CEOs face stronger industry tournament incentives, measured by their pay gap relative to the highest industry CEO pay, engage in...