This paper examines whether market participants infer negative information about future
unexpected firm performance when managers adhere to predetermined scripts when …

In this study we investigate the usefulness of historical accounting reports (10-Ks and 10-Qs)
by examining four settings where we expect investors to acquire historical reports in order to …

This study examines the role of the external audit in management's decision about the
amount of GAAP financial statement information to disclose in the annual earnings …

Inconsistent with concerns of uninformative boilerplate or 'copy and paste'disclosure, I find
that managers time their identification of new risk factors and removal of previously identified …

In 2005, the SEC mandated that firms disclose risk factors to provide useful information
about firm risk. An unintended effect of the mandate is that mandatory risk factor (RF) …

A court case that reduced securities class action litigation risk led to less frequent voluntary
disclosure but did not significantly alter information asymmetry among market participants …

We explore how securities litigation affects corporate reputation. Experts remain concerned
that nonmeritorious securities class actions—those that will be dismissed or settled for …

We examine the relation between political uncertainty and narrative disclosure complexity in
conference calls. Using firm-level political uncertainty, we find that political uncertainty is …

Labor litigation involves disputes between a firm and its employees over the latter's rights
and obligations, and it may increase the uncertainty of firms' business operations and thus …

Research suggests that earnings-disclosure-related litigation causes managers to reduce
subsequent disclosure, perhaps stemming from a belief that even their good faith …