Annual Conference

|

Accounting

|

May 2022

We examine governance externalities of a geographic peer’s climate-related disclosures on local emissions. We expect a firm’s local plants to emit a lower amount of greenhouse gases when its geographic peer provides climate-related disclosures and attracts local attention to environmental issues...
Keywords: Disclosure, Emissions, Governance, Peer effects, Geography, Sustainability
  • View
  • Download
  • Bookmark
  •    |   
  •  

Annual Conference

|

Accounting

|

May 2022

We take advantage of a rare setting in a decentralized finance market (the MakerDao Lending Protocol), where each trader’s activities are freely and publicly available in real-time and recorded permanently to the blockchain, to examine traders’ mimicking behavior in this extremely transparent ma...
Keywords: blockchain, decentralized finance, transparency, processing costs
  • View
  • Download
  • Bookmark
  •    |   
  •  

Annual Conference

|

Accounting, Senior Fellows/Fellows

|

May 2022

This study examines the effect of firm digitalization on the demand for corporate accountants and their digital skills. Using 170,000 job posts for corporate accountants made by U.S. nontechnology firms during the 2011–2019 period, we find that firms that adopt digital technologies demand more dig...
Keywords: digitalization, accountants, digital skills, human capital, financial reporting quality
  • View
  • Download
  • Bookmark
  •    |   
  •  

Annual Conference

|

Accounting

|

May 2022

We conducted a field experiment by providing knowledge about the pricing implications of accounting accruals to investors in randomized stock groups via social media platforms in both China and the U.S. Treatment stocks experience a reduction in accrual mispricing relative to control stocks, and thi...
Keywords: Financial knowledge, accrual mispricing, investor education, field experiment, social media
  • View
  • Download
  • Bookmark
  •    |   
  •  

Annual Conference

|

Sustainable and Green Finance

|

May 2022

Even against increasing interest in socially responsible investing mandates, we find that implementing ESG strategies can cost nothing. Modifying optimal portfolio weights to achieve an ESG-investing tilt negligibly affects portfolio performance across a broad range of ESG measures and thresholds. T...
Keywords: ESG, IPCA, tangency portfolio, portfolio tilt, responsible investing, sustainable investing
  • View
  • Download
  • Bookmark
  •    |   
  •