Finance and Accounting
Recent Submissions
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Noisy biodiversity: The impact of ESG biodiversity ratings on asset prices
(Elsevier, 14 May 2025)The biodiversity components of ESG ratings are analysed to understand whether this disclosure mechanism can affect investment decisions, improve outcomes for biodiversity or lead to better management of nature-based risks. ... -
An Introductory Note on the Difference-in-Differences and Regression Discontinuity Design for the Accounting and Finance Research
(World Scientific, 24 May 2025)As more emphasis is put on the endogeneity issues of accounting and finance research nowadays, a great number of studies exploit the observational data in a quasi-experimental setting to validate a causal relationship. ... -
Systemic risk: new evidence from alternative financial systems
(Springer, 6 May 2025)This study examines the systemic stability of alternative financial systems alongside traditional ones. Utilizing data from 376 conventional and Islamic financial institutions in South and Southeast Asia, as well as MENA ... -
Temperature sensitivity, mispricing, and predictable returns
(Institute for Operations Research and the Management Sciences (INFORMS), 2025)We examine the relation between temperature changes and firm performance using a novel time-varying measure of firm-level temperature sensitivity. We find that firms with higher temperature sensitivity have lower future ... -
State ownership and the value of sustainability: Evidence from China
(Elsevier, 13 March 2025)This study examines the impact of state ownership on the performance of environmental and social (ES) stocks in China's stock markets. Using the COVID-19 market crash as an exogenous shock, we find that ES positively impacts ...