This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

This paper reviews and proposes additional research concerning the role of publicly
reported financial accounting information in the governance processes of corporations. We …

The search for a relation between environmental, social, and governance (ESG) criteria and
corporate financial performance (CFP) can be traced back to the beginning of the 1970s …

A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–
winning economist. The top 1 percent of Americans control 40 percent of the nation's wealth …

At the onset of the Great Recession, as house prices sank and joblessness soared, many
commentators concluded that the economic convictions behind the disaster would now be …

This paper develops a theory of financial intermediation based on minimizing the cost of
monitoring information which is useful for resolving incentive problems between borrowers …

ECONOMISTS HOLD startlingly different opinions regarding the importance of the financial
system for economic growth. Walter Bagehot (1873) and John Hicks (1969) argue that it …

SEQUELS ARE RARELY AS good as the originals, so I approach this review of the market
efflciency literature with trepidation. The task is thornier than it was 20 years ago, when work …

This book is an ambitious effort by three well-known and well-respected scholars to fill an
acknowledged void in the literature—a text covering the burgeoning field of empirical …

This paper reviews, appraises, and critiques theoretical and empirical research on the
connections between the operation of the financial system and economic growth. While …