MANAGEMENT SCIENCE

作者Christian Leuz; Steffen Meyer; Maximilian Muhn; Eugene Soltes; Andreas Hackethal

作者单位1. Booth School of Business, University of Chicago, Chicago, Illinois 60637; and National Bureau of Economic Research, Cambridge, Massachusetts 02138; and Center for Economic Policy Research, London EC1R 5HL, United Kingdom; 2. Department of Economics and Business Economics, Aarhus University, 8000 Aarhus, Denmark; and Danish Finance Institute, 2000 Frederiksberg, Denmark; 3. Booth School of Business, University of Chicago, Chicago, Illinois 60637; 4. Harvard Business School, Boston, Massachusetts 02163; 5. Goethe University Frankfurt, 60323 Frankfurt am Main, Germany

作者Magnus Dahlquist; Markus Ibert; Felix Wilke

作者单位1. Stockholm School of Economics, SE-113 83 Stockholm, Sweden; and Centre for Economic Policy Research (CEPR), London EC1R 5HL, United Kingdom; 2. Department of Finance, Copenhagen Business School, DK-2000 Frederiksberg, Denmark; and Danish Finance Institute (DFI), 2000 Frederiksberg, Denmark; 3. Nova School of Business and Economics, Universidade NOVA de Lisboa, 2775-405 Carcavelos, Portugal

作者Daniel Aobdia; Ting Dong; Henrik Nilsson; Liwei Zhu

作者单位1. Smeal College of Business, The Pennsylvania State University, University Park, Pennsylvania 16802; 2. Mistra Center for Sustainable Markets, Stockholm School of Economics, 113 83 Stockholm, Sweden; and Department of Accounting, Stockholm School of Economics, 113 83 Stockholm, Sweden; 3. Mistra Center for Sustainable Markets, Stockholm School of Economics, 113 83 Stockholm, Sweden; and Department of Accounting, Stockholm School of Economics, 113 83 Stockholm, Sweden; and University of Oulu, 90570 Oulu, Finland; 4. Department of Accounting, Stockholm School of Economics, 113 83 Stockholm, Sweden; and CUNEF Universidad, 28040 Madrid, Spain

作者Peter Haan; Chen Sun; Uwe Sunde; Georg Weizsäcker

作者单位1. Freie Universität Berlin, 14195 Berlin, Germany; and DIW Berlin, 10117 Berlin, Germany; 2. Center for Mathematics and Interdisciplinary Sciences, Fudan University, Shanghai 200433, China; and Shanghai Institute for Mathematics and Interdisciplinary Sciences, Shanghai 200433, China; and Humboldt-Universität zu Berlin, 10178 Berlin, Germany; 3. Ludwig-Maximilians-Universität München, 80539 München, Germany; and CEPR London, London EC1R 5HL, United Kingdom; and ifo Institute, 81679 München, Germany; and IZA, 53113 Bonn, Germany; 4. Humboldt-Universität zu Berlin, 10178 Berlin, Germany

作者Renjie Chen; Bo Jiang; Christopher Thomas Ryan; Nanxi Zhang

作者单位1. Department of Systems Engineering & Engineering Management, The Chinese University of Hong Kong, Hong Kong, China; 2. Research Institute of Interdisciplinary Science, School of Information Management and Engineering, Shanghai University of Finance and Economics, Shanghai 200433, China; and Key Laboratory of Interdisciplinary Research of Computation and Economics (Shanghai University of Finance and Economics), Ministry of Education, Shanghai 200433, China; and Dishui Lake Advanced Finance Institute, Shanghai University of Finance and Economics, Shanghai 200120, China; 3. Sauder School of Business, University of British Columbia, Vancouver, British Columbia V6T 1Z2, Canada; 4. Ivey Business School, University of Western Ontario, London, Ontario N6G 0N1, Canada