Recent accounting research indicates that capital markets price firms' greenhouse gas (GHG) emissions and that disclosed emissions levels are negatively associated with firms' market values.
We use Word2vec to develop a financial sentiment dictionary from 3.1 million Chinese-language financial news articles. Our dictionary maps semantically similar words to a subset of human-expert generated financial sentiment words.
Many countries have imposed tax policies that limit the deductibility of interest costs, creating a plausibly exogenous increase in the net cost of borrowing. The limits are based on financial accounting numbers, adding a new implication to managers’ choices. Firms in these countries are also expected to rely less on debt financing and face weaker demand for conservative financial reporting from creditors as compared to firms in other countries.
Using 9,801 director appointments during 2003-2014, we document the dramatic impact of connections - 69% of new directors have professional ties to incumbent boards, a group representing 13% of all potential candidates.
The federal government has introduced several changes to taxation and tax benefits for this year — and experts tell CBC News the tax changes related to housing are the ones to watch.
The federal government indexes personal income tax brackets and many tax benefits to inflation. They'll increase by 6.3 per cent this year, says the Canada Revenue Agency.
A recent trend in organizations is to motivate employees with goal-based prosocial rewards, whereby employees must donate their rewards to charities upon goal attainment. We examine the motivational effects of goal-based prosocial rewards versus cash rewards under different levels of goal difficulty. We develop our hypotheses based on affective valuation theory, which posits that when valuing uncertain outcomes by affect rather than calculation, individuals are largely insensitive to changes in probability of the outcomes, including probability of goal attainment.
From becoming the first member of her family to graduate from university, Ranjini Jha now educates other students as a professor of finance at the University of Waterloo.
More than 30 nominations submitted for the 2023 Arts Awards for Excellence in Service, Teaching, and Research posed an especially tough challenge for members of the Arts Honours and Awards (AHA) committee this spring. So many outstanding members of the Arts community inspired their chairs, supervisors, and colleagues to put names forward as nominees to recognize their contributions and achievements. Today, Dean Sheila Ager and the AHA committee are happy to share the results.
Based on the emerging technology, this paper proposes a new method to measure the expected duration of competitive advantage for average adopters. This method is based on public data, such as google searches, press releases, book titles, and companies’ disclosures with respect to the technology. The method is very easy to implement.
New research shows that team-based recognition can be effective in settings where performance is highly interdependent, and teamwork is essential to the company’s success.