In this study, the researchers explored how competition intensity in the market for public services affected the reward practices of managers. Financial and nonfinancial rewards were considered and the following choices were examined when managers faced intensifying competition…

Cybersecurity incidents pose a significant business risk to modern companies. Consequently, regulators have increasingly mandated prompt disclosures regarding cybersecurity incidents to facilitate timely and effective external monitoring of cybersecurity risk. For instance, the European Cyber Resilience Act (CRA), adopted in 2023, requires software publishers to report any unaddressed security vulnerabilities within 24 hours of their discovery.

This study examined the effect of credit information sharing on corporate innovation. Although innovation is important for firm growth, these activities tend to have highly uncertain payoffs. Obtaining financing for such activities is constrained by frictions that arise from capital providers’ concern that information asymmetry can lead to adverse selection and moral hazard. Debt providers may also be unwilling to finance innovation due to the asymmetric payoff function, the difficulty of securing loans using innovation outputs, and borrowers’ potential risk-shifting.

Online video advertising has rapidly grown into a popular marketing tool. U.S. firms spent about US$74 billion on online video advertising in 2022, and this expenditure is expected to further increase by around 14% in 2023. Moreover, the revenues generated by online video advertising totalled over US$47 billion in 2022, making video advertising the fastest-growing type of online advertising.

In this paper, the researchers incorporated ambiguity and information processing constraints into the He and Krishnamurthy (HK) model of intermediary asset pricing. Intermediary asset pricing, pioneered by He and Krishnamurthy and Brunnermeier and Sannikov, proposes that financial intermediaries play an essential role in determining asset prices, primarily due to market segmentation that limits household participation.

In this study, the researcher examined whether firms opportunistically use the exemption rule to hide environmental externalities when making trade secret claims. Mandatory environmental disclosure regulations are used as a policy tool to monitor the negative externalities associated with the goods and services provided by firms.

Information sharing is ubiquitous in financial markets. In one study, a majority of institutional investors attributed their recent trades to discussions with peers. More recent studies have provided evidence suggesting that mutual fund managers place trades based on word-of-mouth communications found in the asset-management community.

Corporate finance theory suggests that the quality of a firm’s information environment affects its overall access to external funds and its access to equity financing. Information quality also affects investment policy because reduced information asymmetry reduces investment risk and makes external capital more readily available.