Narrative reporting, both in relation to financial and non-financial information, is increasingly
used and often mandated, with significant managerial discretion regarding content. As policy …

This study examines recent accounting research published in 10 journals led by New
Zealand and Australia based editors, namely: Abacus; Accounting and Finance; Accounting …

In this paper, we consider the price effects of risk disclosure. We develop a model in which
investors are uncertain about the variance of a firm's cash flows and the firm releases an …

Theory suggests that increased levels of corporate disclosure lead to a decrease in cost of
equity via the reduction of estimation risk. We examine compliance levels with International …

Purpose The purpose of this paper is to investigate to what extent the amount, information
source and the content of the microblog information disclosure of listed companies could …

Rapid growth and transformation of the Chinese economy and financial markets coupled
with escalating default rates, rising corporate debt and poor regulatory oversight motivates …

This paper provides empirical evidence that firms in more competitive industries have lower
cost of equity capital than those in concentrated industries. The association between product …

While researchers and practitioners alike estimate firms' exposures to systematic risk factors,
the disclosure literature typically assumes that exposures are common knowledge. We …

This paper studies a model in which investors' information acquisition and the manager's
investment choice (hence the moments of the firm's cash flow) are jointly determined. I show …

Investors are said to “abhor uncertainty,” but if there were no uncertainty they could earn
only the risk‐free rate. A fundamental result in the analytical accounting literature shows that …