Costello Research Risk Management

Air quality standards do more than reduce pollution for noncompliant counties; they increase the cost of funding public infrastructure like schools, hospitals, and roads.

It’s no surprise that short-selling carries heavy weight on Wall Street. But next to nothing has been known about the agent lenders from whom short-sellers borrow their shares—until now.

Auditors with less common first names are more likely to deviate from auditing norms. But is their individualism an asset or a liability?

To predict how a CEO’s compensation may change through the years, you first need to know how corporate boards monitor earnings histories for potential long-term risks.

Companies looking to bend reporting rules need to find accountants who will play ball. That’s why job postings can be a reliable indicator of intent.

Sure, laid-off journalists can “learn to code”, but that won’t undo the damage done to local economies when their hometown newspaper folds.

Since 2008, the meteoric rise of index funds has produced extreme consolidation of corporate ownership. So far, the outcomes for firms are a mixed bag.

Burned-out auditors are getting dangerously distracted by job postings that offer a glimpse of more appealing professional pathways.

We know from prior research that savvy investors respond to ESG data. But a pair of finance professors have discovered perhaps the most lucrative wrinkle in this strategy.

The 2008 financial crisis cast a pall of pessimism over veteran CEOs that took three years to lift. David Koo, assistant professor of accounting, has found that memories of past recessions, triggered by recent ones, can weigh on chief executives’ decisions, literally for years.