Listar Departament: Finances i Comptabilitat por fecha de publicación
-
Does stakeholder engagement encourage environmental reporting? The mediating role of firm performance
John Wiley and Sons (2020-06)Stakeholder engagement policies have become a relevant strategy in firms because they may signal to stakeholders the commitment of the firm to the stakeholder's needs and demands. In this research, we aim to examine whether ... -
Risk information disclosure and its impact on analyst forecast accuracy
ProQuest (2020-07)This paper aims to analyse the influence of risk information disclosure on the accuracy of financial analysts’ earnings forecasts for the Spanish stock market. To do this, we performed a regression analysis with panel ... -
How cultural dimensions, legal systems, and industry affect environmental reporting? Empirical evidence from an international perspective
John Wiley and Sons (2020-07)Past research has paid little attention to the impact of stakeholder engagement, cultural, legal, and industrial contexts on environmental disclosure. Thus, the aim of this paper is to explore how these three institutional ... -
Sustainability materiality matrices in doubt: may prioritizations of aspects overestimate environmental performance?
Taylor & Francis (2020-07-13)This study builds on the research gap that arises from the consistency analysis of the GRI-materiality approach with other prioritization approaches. The main objective is to explore to what extent corporate environmental ... -
Hofstede's cultural dimensions and R&D instensity as an innovation strategy: a view from different intitutional contexts
Springer (2020-07-22)The impact of all six of Hofstede’s cultural dimensions (power distance, individualism/collectivism, masculinity/femininity, uncertainty avoidance, long-term/short-term orientation, and restraint/indulgence) on business ... -
The distribution of index futures realised volatility under seasonality and microstructure noise
Elsevier (2020-09-01)Previous research documents that the distribution of realised volatility appears approximately log-normal. However, formal tests reject normality fairly convincingly, which may indicate intrinsic features in the intraday ... -
Optimal Beats Naive Diversification: Asset Allocation Using High-Frequency Data
Pageant Media Ltd (2020-09-20)This article evaluates the usefulness of high-frequency data in optimal portfolio choice. The authors use a comprehensive list of major stock indexes and different frequencies of observations. Furthermore, they consider ... -
On the stationarity of futures hedge ratios
Springer (2020-09-30)Stationarity of hedge ratios can be viewed as a frst step for portfolio hedging since it represents that the sensitivity of spot and Future returns follow a process whose main characteristics do not depend on time. ... -
Cash management and performance of index mutual funds
Consejo Latinoamericano de Escuela de Administración (2020-10-15)Purpose - This study aims to assess the relationship between cash management and fund performance in index fund portfolios. Design/methodology/approach - Using a sample of 104 index mutual funds that track the Standard ... -
The Role of CEO Power on CSR Reporting: The Moderating Effect of Linking CEO Compensation to Shareholder Return
MDPI (2021)The aim of this research was to provide further evidence of the impact of the power of the Chief Executive Officer (CEO) on corporate social responsibility (CSR) disclosure. Additionally, we explore the moderating role of ... -
Las agencias de rating de sostenibilidad y su contribución al desarrollo sostenible: Nuevos retos ante los riesgos globales
Fundación Acción contra el Hambre (2021)Este artículo explora el papel de las agencias de rating de sostenibilidad en el impulso del desarrollo sostenible. Más específicamente, el artículo analiza los principales retos a los que se enfrentan las agencias de ... -
Opinion-shopping: firm versus partner-level evidence
Routledge (2021)Employing Lennox’s (2000) methodology on a uniquely long time series of Spanish companies’ data, we find evidence of successful audit opinion-shopping through the firm switching decision. However, in contrast to Chen et ... -
The effects of the political environment on transparency: evidence from Spanish local governments
Taylor and Francis Group (2021)This article analyzes the evolution of economic and financial transparency in Spanish local governments (LGs) and their determining factors. The main results show that the level of financial disclosure seems to be the ... -
Disentangling permanent and transitory monetary shocks with a nonlinear Taylor rule
De Gruyter (2021)This article provides an estimation method to decompose monetary policy innovations into persistent and transitory components using the nonlinear Taylor rule proposed in Andolfatto, Hendry, and Moran (2008) [Are inflation ... -
Corporate social and environmental disclosure as a sustainable development tool provided by board sub-committees: Do women directors play a relevant moderating role?
John Wiley and Sons (2021)The aim of this research is to examine the impact of three audit committee characteristics on corporate social and environmental responsibility (CSR) disclosure: the existence of an audit committee, audit committee ... -
Entry with two correlated signals: the case of industrial espionage and its positive competitive effects
Springer (2021-01-07)Recent advances in information and communication technologies have increased the incentives for firms to acquire information about rivals. These advances may have major implications for market entry because they make it ... -
The impact of women’s leadership in local governments: the case of Spain
Routledge (2021-03-26)The main objective of this article is to analyze whether the gender of the mayor and the municipal council members affects compliance with the principles of budgetary stability and financial sustainability established in ... -
Effects of Gender and Performance: the Spanish Firms and the Economy for the Common Good
IBIMA Publishing, LLC. (2021-04-15)Firm performance has traditionally been evaluated on the basis of financial results; if a company achieved a profit or managed to increase profit levels, this was believed to indicate that it was doing well. However, it ... -
Food Prices, Ethics and Forms of Speculation
Springer (2021-05-23)This paper examines the role of speculative motives in the determination of commodity prices and specifically food related commodity prices. The motivation for this study is the considerable flow of funds into commodities, ... -
On management risk and price in the mutual fund industry: style and performance distribution analysis
Palgrave Macmillan (2021-06-01)This study shows how investing in mutual funds involves an additional risk, which we call management risk as a consequence of the uncertainty in the results of active management. To address this issue, we analyze a sample ...