The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

We synthesise the empirical literature on the determinants and consequences of financial
distress, critique the findings and offer suggestions for future research. We categorise these …

We examine the relationship between disclosure of nonfinancial information and analyst
forecast accuracy using firm-level data from 31 countries. We use the issuance of stand …

We examine the benefits associated with corporate social responsibility (CSR) disclosure in
an international setting covering 31 countries. Using variables such as the legal status of …

Investors, regulators, academics, and researchers all emphasize the importance of financial
statement comparability. However, an empirical construct of comparability is typically not …

We analyze how investors and information intermediaries perceive auditor tenure. Using
earnings response coefficients from returns‐earnings regressions as a proxy for investor …

The Sarbanes‐Oxley Act (2002) required the US Comptroller General to study the potential
effects of requiring mandatory audit firm rotation. The General Accounting Office (GAO) …

Historically, bubbles are followed by crashes, which in turn are followed by punitive
legislation. The 1999–2003 era is fully consistent with this pattern….(Coffee, 2003a, p. 46) …

Proponents of IFRS argue that mandating a uniform set of accounting standards improves
financial statement comparability that in turn attracts greater cross-border investment. We …

More than 120 countries require or permit the use of International Financial Reporting
Standards (IFRS) by publicly listed companies on the basis of higher information quality and …