… Four reviewers (JC, AG, JL, JW) each independently reviewed all articles for inclusion.
Discrepancies among reviewers were resolved by discussion until a consensus was reached. …

This study tests two opposing views of institutional investors—monitoring versus short-termism.
We present evidence that institutional investor stability is negatively associated with 1-…

This study examines whether religiosity at the county level is associated with future stock price
crash risk. We find robust evidence that firms headquartered in counties with higher levels …

This article investigates the relationship between nonprofit board composition and organizational
efficiency. Overall,we find a significant statistical association between the presence of …

In frictionless capital markets with complete information and rational investors, stock prices
adjust to new information instantaneously and completely. However, a substantial body of …

Using a large sample of US public firms, we find robust evidence that short interest is positively
related to one-year ahead stock price crash risk. The evidence is consistent with the view …

This study investigates whether the market valuation of the two summary accounting measures,
book value of equity and net income, is higher for firms with reputation for sustainability …

The purpose of this article is to explain the cross-sectional variation in money donations to
charities at the organizational level. Using a unique data base which includes volunteer labor …

This paper analyzes the relation between equity prices and conditional conservatism and
introduces a new measure of conservatism at the firm-year level. We show that the asymmetric …

This study evaluates the impact of earnings on credit risk in the Credit Default Swap (CDS)
market using levels, changes, and event study analyses. We find that earnings (cash flows, …