Finance and Accounting: Recent submissions

Now showing items 1-5 of 396

    • Temperature sensitivity, mispricing, and predictable returns 

      Cuculiza, C; Kumar, A; Xin, W; et al. (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 

      Wu, Z; Pownall, R; Shih, Y-C; et al. (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 ...

    • Does commercial reform embracing digital technologies mitigate stock price crash risk? 

      He, G; Li, Z; Yu, L; et al. (Elsevier, 23 January 2025)
      Over the recent decade or so, the Chinese government implemented a commercial reform that features governmental application of digital technologies to acquire and process firm information. The core objective of commercial ...

    • Labour Unemployment Insurance and Pension Asset Allocations 

      Liang, Y; Kiosse, PV; Tarsalewska, M (Wiley / British Academy of Management, 22 December 2024)
      This paper examines the effect of unemployment risk on pension investment decisions of defined benefit (DB) pension plans. In particular, we examine whether unemployment insurance benefits affect pension investment ...

    • Firm-level ESG information and active fund management 

      Chen, L; Chen, Y; Kumar, A; et al. (Elsevier, 16 November 2024)
      Using a novel dataset with daily firm-level ESG information, we examine whether and how active mutual fund managers integrate ESG information into their portfolio decisions. Our results show that managers actively trade ...