Investor Relations

By examining managers’ decisions about disclosing updated assessments of firms’ risks, we present evidence that the risk factor disclosures are informative. We use the setting of cybersecurity risk factor disclosures after a data breach because …

In the current literature, institutional adoption of Corporate Social Responsibility (CSR) governance standards is mainly understood in a binary sense (adoption versus no adoption), and existing research has hitherto focused on inducements as well …

This study analyzes the wealth effects of SEO announcements in the US during the COVID-19 pandemic and its main determinants. We find significantly negative abnormal returns of − 8.6%. This provides persuasive evidence that capital markets reacted …

We examine managers’ earnings forecasts for evidence of incentive alignment or subversion characteristics. We find that forecasts by managers compensated via relative performance (RP) goals are more likely to be pessimistic and less accurate than …

Das Thema Nachhaltigkeit ist das Mega-Thema in der wirtschaftlichen Transformation und auch der Kommunikationsbemühungen von Unternehmen. Nicht nur aufgrund gesetzlicher Vorgaben und Relevanz auf den Börsenmärkten, sondern auch aufgrund von …

By nearly every measure, the operation of the Canal since 2000 has been a tremendous success for Panama and the global economy. In fiscal year 2021 (October), a record amount of tonnage passed through the Canal. This was more than a 10% increase …

In the following chapter, we concentrate our attention to specific banking crisis events to pass from the theory to the practice and identify concrete governance failure cases. Grant Kirkpatrick of OECD (Economic Co-operation and Development) …

In this chapter, we review the theoretical and empirical literature on the relationship between bank governance and stock performance. Academic analysis concludes that there are various and very diverse findings on several governance parameters …