The global pursuit of a more sustainable future cannot be achieved without the active engagement of the business community. The challenge for business has been to strategically engage with and embed environmental responsibility within their wider corporate governance; to create effective corporate governance of the environment. The assumption would appear to be, that we have already witnessed t...

In this study, I investigate the predictive content of aggregate equity purchases and sales by senior corporate officers and directors in a sample of 39 countries. I find that countrylevel net purchases by corporate insiders are positively associated with future countrylevel market returns, controlling for other contemporaneous signals and risk factors. The predictive content of aggregate insid...

The core research question that is discussed in this paper is: BHow is the future constructed in corporate strategy-making practice?^ The answer is provided through the analysis of a single case study that was conducted in the context of a Hungarian children’s book publishing company. The results show that apart from consciously and deliberately applied future anticipation and/or foresight tool...

Managers are responsible for providing financial statements and they might try to make a good picture of their firm's conditions. Therefore, they try to delay the disclosure of bad news and release the good news as soon as possible. The ten-dency of managers toward hiding bad news increases the stock price crash risk. The protection of investor is one of the factors that can prevent from fallin...

At Pick’s heyday there were over 3,000 business applications available across a very wide range of hardware platforms supporting from one to thousands of real time users. The tentative economic recovery of the 90s and the Y2K fears created cautious and conservative corporate decision-making. During those tumultuous years there were startling leaps in information and communications technology re...

Mobile devices, such as phones, tablets and laptops, expose businesses and governments to a multitude of information security risks. While Information Systems research has focused on the security and privacy aspects from the end-user perspective regarding mobile devices, very little research has been conducted within corporate environments. In this work, thirty-two mobile devices were returned ...

Standards-setters, regulators and academics believe that corporate websites may enhance the flow of voluntary disclosure to the capital market and other stakeholders. Management’s use of corporate websites for investor relations purposes is a common practice, yet we know little about how these websites affect investors. In this study, we analyze seven corporate websites disclosures categories t...

This paper studies the impact of corporate tax policy on the economy in the presence of both convex and nonconvex capital adjustment costs in a dynamic general equilibrium model. We show that corporate tax policy generates both intensive and extensive margin effects via the channel of marginal Q. Its impact is determined largely by the strength of the extensive margin effect, which in turn depe...

This commentary expands upon an article of mine: “Corporate Social Responsibility: Deep Roots, Flourishing Growth, Promising Future,” published in 2008. The main goals of my commentary are to describe two levels of Corporate Social Responsibility (CSR)—macro and micro—and to advocate the need to integrate the two levels into a holistic analysis of CSR (Frederick, 2008). The concept of Corporate...

Available online 30 October 2014 Theoretical research in corporate finance is critical for our understanding of real-world phenomena, for interpreting empirical results, and for deriving policy implications.Wediscuss the benefits and limitations of research in corporate finance theory and link them to the nine articles in this special issue on “Corporate Finance Theory.” We provide a perspectiv...