... Agency theory Corporate financial distress Size Diversification Structural complexity G32 G3 M10 M42 Corporate financial distress (CFD) is a first-order risk that escalates during economy-wide shocks. Bankruptcy activity spiked at the onset of COVID-19, illustrating how quickly...

.... (2008) also find that firms providing more information on their corporate social responsibility practices are less likely to smooth reported earnings. M10 M41 G32 Evidence on whether firms with higher risk choose a more transparent or more opaque risk reporting strategy in their annual...