Jennifer Brodmann

California State University, Dominguez Hills | CSUDH · Department of Accounting Finance and Economics

We examine how corporate environmental performance relates to financial constraints in an environment likely to face high global pressure to address climate change. Using multivariate regressions and a large dataset of over 8,500 firm-years from 24 emerging market countries during 2003 to 2020, we find superior environmental performance (especially...

Purpose-The authors examine the impact of employee litigation on Securities Action Lawsuits. The authors study whether frequently sued firms are more likely to be investigated by Securities Exchange Commission (SEC). The authors study how labor relations are crucial to corporate governance. Design/methodology/approach-The authors use hand-collecte...

This paper provides a bibliometric and Scientometric analysis of the corporate social responsibility (CSR) in banking sector. Our study analyzes 551 articles from the Scopus database to find out the relationship between CSR and banking. A bibliometric method was used to visualize the results using R‐studio and VOS viewer software. The Scientometric...

Purpose The purpose of the paper is to analyze socially responsible investment (SRI) asset performance compared to traditional assets using the MSCI KLD 400 Index. The authors examine the required return that investors expect to maintain their holdings in SRI stock and whether SRI stocks can be used for diversification during financial crises. Des...

We examine the impacts of geographic strategy of mergers and acquisitions by financial institutions on their short-run and long-run stock price performance, risk, and operating performance. The geographic strategies include ‘in-market,’ ‘partial-overlapping,’ and ‘market-expanding’ acquisitions. While the market initially reacts more favourably tow...

In this paper, we examine the impact of corporate reputation on FinTech firms. Using a unique hand-collected dataset of customer complaints, violations, hacks/data breaches, and lawsuits; we find that markets negatively react to violation announcements, especially for lawsuits. Our findings show that despite their popularity, corporate wrongdoing i...

Investment fund managers are torn between staying in the 1st quartile and growing assets under management (AUM) over a long-time horizon. We show that each goal requires a different strategy. This paper explores whether passive fund managers who aim to be in the 1st quartile by chasing higher returns (i.e., higher risk) are more likely to achieve t...

We examine the role of Chief Executive Officer (CEO) power in Corporate Sexual Orientation Equality (CSOE), measured by corporate support for employees with alternate sexual orientations (i.e., Lesbian, Gay, Bisexual, Transgender, and Queer – LGBTQ). We find that CEO power is an obstacle to promoting CSOE. Our finding is robust to different model s...

We compare and contrast (i) mergers and acquisitions (M&As) by financial institutions (FIs) that had the involvement of one or more private equity firms (PE) with (ii) acquisitions with no private equity involvement. We find that the M&A announcement abnormal stock returns are higher for acquisitions with- than without private equity involvement. L...

This study explores the role of chief executive officer (CEO) power in determining board gender diversity. We constructed a CEO power index to measure gender diversity. We find that CEO power exerts a positive influence on board gender diversity. This finding is robust when compared to alternate measures of CEO power and board diversity. We also co...

The field of auditing is changing dramatically. There is a significant skills gap and traditional accounting majors are underprepared to keep up with the dynamic changes in the auditing field. This paper highlights the fixed mindset mentality that overpowers a traditional accounting major when they begin their entry-level careers in auditing and ho...

This study investigates the Malaysian monetary and financial impacts and responses of global economic shocks, considering geopolitical uncertainty, global economic policy uncertainty, global economic activities, global oil supply, global oil demand, and global financial market uncertainty as the influential factors in the global economy. We employ...

This study examines the impact of organized labor on corporate philanthropy, focusing on Korean firms. We find a positive association between the labor unionization ratio and the corporate philanthropy of firms, especially for non-Chaebol-affiliated firms and firms that have positive operating cash flow. The results from the robustness tests, which...

With increased competition in the microfinance industry in most African markets, customer satisfaction and retention are important issues for most microfinance institutions (MFIs) in the region. We rely on survey data from customers of MFIs in Ghana to examine the potential determinants of customer satisfaction in the microfinance sector. We find c...

This study examines the impact of employee relations issues on the reputation of the board of directors and the executive officer (CEO). We utilize a unique, hand-collected dataset of employee disputes, including lawsuits, complaints, health and safety inspections, and wage-hour-benefit violations. We show that, when firms engage in employee mistre...

Investment fund managers are torn between staying in the 1st quartile and growing assets under management (AUM) over a long-time horizon. We show that each goal requires a different strategy. This paper explores whether passive fund managers who aim to be in the 1st quartile by chasing higher returns (i.e., higher risk) are more likely to achieve t...

Entrepreneurship in the music industry is distinct in several ways. Aspects that distinguish entrepreneurship in the music industry are the three Cs of copyright, which consist of creators, consumers, and commerce and the balance between art as a business, and business as an art. In the music industry, everything begins with a song, and if artists...

This paper explores whether passive fund managers who aim to be in the 1 st quartile by chasing higher returns (i.e. higher risk) are more likely to achieve their goal compared with those that chase somewhat lesser returns (i.e. lower risk). Using monthly historical returns from 01/01/1979 to 01/01/2018, we show that if a fund's goal is to achieve...

Firms that encounter lawsuits are subject to unforeseen costs when a case is ruled in favor of the plaintiff. We examine the impact of lawsuits brought against firms and whether this affects the firms’ dividend policy, using unique hand-collected datasets of employee litigations and disputes that include court settlements for employee dispute cases...

This study investigates the Malaysian monetary and financial impacts and responses of global economic shocks, considering geopolitical uncertainty, global economic policy uncertainty, global economic activities, global oil supply, global oil demand, and global financial market uncertainty as the influential factors in the global economy. We employ...

In this study, we determine why CEOs from lobbying firms receive higher pay compared to their non-lobbying peers. We investigate whether insider trading can explain high CEO pay. Using hand-collected firm-level lobbying data, we examine whether CEOs from lobbying firms engage in insider trading after sponsored bills are introduced and passed in the...

The debt-equity distinction is critical in modern corporate finance. We assess the compliance of the interest tax shield with the maqasid al Shariah in finance. For our analysis, we use the ends of maqasid al Shariah as proposed by Akram Laldin & Furqani, 2013. We develop a survey questionnaire to survey an international sample of well-informed ind...

Purpose This paper investigates proprietary data from customers of a Southern Louisiana credit union. It analyzes factors that contribute to an accelerated failure time using information from customers’ credit applications as well as information provided in their credit report. Design/methodology/approach This paper investigates the factors that...

his study examines (i) the dynamic shocks and volatility interactions between each of the eleven U.S. economic sectors and the oil market; (ii) riskminimizing optimal capital allocations between each sector and oil; and (iii) the hedging effectiveness resulting from the inclusion of oil in each sector portfolio. Using weekly data spanning the perio...

The general consensus on the status of Islamic bank regulation in previous research literature has indicated that there are several improvements that need to be made in order for Islamic bank regulation to become effective. This paper examines a survey administered to Islamic finance stakeholders from 41 countries on the current status of Islamic b...