The environmental, social, and governance (ESG) data provided in firms’ sustainability
reports is often unaudited. If ESG information disclosed by firms is not reliable, a firm’s …

We investigate whether environmental, social and governance (ESG) transparency, the extent
of ESG disclosure, has an impact on firm value. Reducing investors’ information symmetry …

We study the quantity of ESG disclosure of 1,963 large-cap companies headquartered in 49
countries. Using the Bloomberg ESG disclosure score as the measure of disclosure quantity, …

We explore whether a greater amount of environmental disclosure can reduce a firm's ex
ante cost of equity. This could occur because the quantity of environmental information …

The authors explore the risk-return properties of simple momentum strategies in six major
government-bond markets and find that trend-following investment rules generate positive …

The objective of this paper is to examine the nature of the Taiwanese banking sector and to
analyze the impact of financial liberalization on the Taiwanese banking industry. We present …

We investigate the relationship between the dispersion of executive pay and bank
performance/valuation by examining two competing theories, the tournament theory (hierarchical …

This paper addresses the lessons that can be learned for hybrid bank capital securities during
this decade's credit boom and bust. Firstly, we identified the major drivers in the market for …

The authors revisit the case for maintaining a strategic overweight to corporate bonds in fixed
income portfolios based on the notion of the credit risk premium. Using a series of excess …

This chapter examines the impact of executive pay dispersion on firm performance and
valuation in a global sample of banks. Controlling for cultural differences across countries, we …