Publications
Afzali, M., Colak, G., Hasan, I., and Martikainen, M. (2025). Social capital and accounting conservatism. Journal of International Accounting, Auditing, and Taxation. Forthcoming. https://dx.doi.org/10.2139/ssrn.4230516
Afzali, M., Colak, G., and Francis, K. (2025). Import competition and stock price crash risk. Journal of Financial Research. Forthcoming. https://doi.org/10.1111/jfir.12463
Afzali, M., Colak, G., and Vähämaa, S. (2025). Climate change denial and corporate environmental responsibility. Journal of Business Ethics. 196, 31–59. https://doi.org/10.1007/s10551-024-05625-y
Afzali, M., and Thor, T. (2025). Corporate culture and tax planning. Review of Quantitative Finance and Accounting. 64, 861–898. https://doi.org/10.1007/s11156-024-01320-1
Afzali, M., Athanasakou, V., and Terjesen, S. (2024). Lead independent directors and internal information environment. Corporate Governance: An International Review. 32(6), 1035–1059. https://doi.org/10.1111/CORG.12582
Afzali, A., Afzali, M., and Ittonen, K. (2024). Distracted auditors, audit effort, and earnings quality. Accounting Forum. Forthcoming. https://doi.org/10.1080/01559982.2024.2329350
Afzali, M. (2023). Corporate culture and financial statement comparability. Advances in Accounting, 60, 100640. https://doi.org/10.1016/j.adiac.2022.100640
Afzali, M., Silvola, H., and Terjesen, S. (2022). Social capital and board gender diversity. Corporate Governance: An International Review, 30(4), 461–481. https://doi.org/10.1111/corg.12418
Afzali, M., and Kettunen, J. (2022). Board centrality and firm performance: Evidence from private firms. Nordic Journal of Business, 71(4), 199-229. http://njb.fi/njb-vol-71-no-4-winter-2022/
Afzali, M., Colak, G., and Fu, M. (2021). Economic uncertainty and corruption: Evidence from public and private firms. Journal of Financial Stability, 57, 100936. https://doi.org/10.1016/j.jfs.2021.100936
Afzali, M., and Martikainen, M. (2021). Network centrality and value relevance of insider trading: Evidence from Europe. Financial Review, 56(4). https://doi.org/10.1111/fire.12277
Working Papers
Afzali, M., Khan, U., and Rajgopal, S. (2023). Sharing the pain between workers and management: Evidence from the COVID-19 pandemic and 9/11 attacks. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4053005
Afzali, M., Colak, G., Mai, S. T., & Savor, P. G. (2023). Management guidance and monetary policy transmission in the Eurozone. SSRN Electronic Journal. https://dx.doi.org/10.2139/ssrn.4369645
Data and Code
If you use this data, please cite the following paper:
Afzali, M., Colak, G., Hasan, I., and Martikainen, M. (2025). Social capital and accounting conservatism. Journal of International Accounting, Auditing, and Taxation. Forthcoming. https://dx.doi.org/10.2139/ssrn.4230516
Download Social Capital Index (1997-2021)