Abstract We provide evidence on earnings management by exploiting temporary exogenous shocks to utility firms’ sales arising from weather variation. find that sample are highly sensitive annual changes in average temperatures the region where firm operates, but this sensitivity disappears quickly as one moves down income statement. This evidence, while indirect, is suggestive of activities. In ...

The focal point of this article is the design a game-based tool for dialogue (‘Dads’ Round’) developed in collaboration with Danish Prison and Probation Service Parenting Program. unique insofar as it includes stories collected from prisoners’ children about their troubled relationship fathers. By evaluating through interviews incarcerated fathers, we demonstrate how they work together peers to...

We provide a framework for analyzing corporate social responsibility (CSR). Our model of CSR in this paper has two important ingredients – CSR is at least in part a profit motivated decision; and different CSR activities are aimed at different audiences. We examine the implications of our framework using a ‘visible’ CSR index that captures consumeroriented CSR. We find that CSR is more prevalen...

paper presents preliminary fi ndings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily refl ective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. fo...

The behavior of the building and real estate sectors is quite important in matters of environmental sustainability. It is reported, for example, that buildings account for approximately 40 percent of the consumption of raw materials and energy. In addition, 55 percent of the wood that is not used for fuel is consumed in construction. Overall, buildings and their associated construction activity...