Managerial Finance: Volume 48 Issue 12

Corporate disclosure of CO2 embedded in oil and gas reserves: stock market assessment in a context of global warming

Charlotte Beauchamp, Denis Cormier

The authors assess the informativeness for stock markets of proven reserves of oil and gas, and embedded CO₂ in those reserves.

Lender financial reporting incentives and loan prioritization during the Paycheck Protection Program

Cristina Bailey, Matias Sokolowski

This study contributes to a growing body of literature on the Paycheck Protection Program (PPP) by examining how lender incentives affected prioritization of large borrowers. In…

Apples plus oranges: the role of business profile similarity in shaping M&A outcomes: textual analysis of transaction data from China

Paweł Mielcarz, Dmytro Osiichuk

The study aims at inquiring into the relationship between acquirer–target business similarity and mergers and acquisitions (M&A) transaction outcomes.

Do independent directors and big-4 audit firms limit classification shifting: evidence from Indian firms

Kalyani Mulchandani, Ketan Mulchandani

This study investigates the moderating role of Big-4 audit firms on the association between board independence and classification shifting (CS) in Indian firms.

The informational role of macroeconomic exposure in corporate investment efficiency

Shih-Chu Chou

This study explores whether exposure to macroeconomic information provides bellwether firms with information advantages at the macroeconomic level and facilitates managers to…

Design of a conceptual framework for evaluating the performance of Broad-based Black Economic Empowerment laws (B-BBEE) on mutual funds' performance in South Africa

Nixon S. Chekenya, Heinz Eckart Klingelhöfer

The paper examines the possible existence of systematic performance differences between Broad based Black Economic Empowerment (B-BBEE) affiliated and non-B-BBEE affiliated mutual…