The purpose of this study is to examine the relationship between voluntary sustainability
reporting and firm value, as measured by Tobin’s q. We test three main hypotheses developed …

We review a large body of the empirical literature focusing on the relation between petroleum
product prices and oil prices and discuss the evidence on the direction of causality …

We review and synthesize the empirical evidence on several factors related to petroleum
product prices: (1) the general distributional characteristics of petroleum product prices; (2) the …

This study tests for calendar anomalies in returns for petroleum and petroleum products via
the futures market, specifically, the day-of-the-week (DOW) effect. The energy future contracts …

We provide new evidence on the determinants of corporate derivatives use by studying how
markets respond to announcements of changes in derivatives positions by gold-mining firms…

Target Date Funds (TDFs) have become the default investment choice in retirement accounts
for most households. Later-dated TDFs (eg, further away from the present day) allocate a …

Purpose The purpose of this paper is to explore the overlooked relationship between
politics and the performance of anomaly-based investment strategies. Design/methodology/…

Purpose This paper aims to investigate the implications of governance quality on a firm’s
information environment in the context of voluntary changes in hedging disclosures made by oil …

The authors use a quasi-natural experiment to analyze the impact of a particular type of credit
enhancement, a government guarantee, on bond liquidity and default risk of the firm. They …

We study how markets respond to hedging change announcements by gold-mining firms, and
provide new insights into both corporate hedging and whether firms have valuable private …