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

Financial reporting and disclosure are potentially important means for management to
communicate firm performance and governance to outside investors. We provide a …

ABSTRACT We revisit La Porta's finding that returns on stocks with the most optimistic
analyst long‐term earnings growth forecasts are lower than those on stocks with the most …

We examine the effects of financial analysts on the real economy in the case of innovation.
Our baseline results show that firms covered by a larger number of analysts generate fewer …

Using brokerage mergers and closures as two sources of exogenous shock to analyst
coverage, this study explores the causal effect of analyst coverage on ex ante expected …

This study investigates the effects of internal and external corporate governance and
monitoring mechanisms on the choice of corporate social responsibility (CSR) engagement …

We address the fact that accounting academics often have very different perceptions of
earnings management than do practitioners and regulators. Practitioners and regulators …

Issuers of initial public offerings (IPOs) can report earnings in excess of cash flows by taking
positive accruals. This paper provides evidence that issuers with unusually high accruals in …

I review empirical research on the relation between capital markets and financial statements.
The principal sources of demand for capital markets research in accounting are fundamental …

What is the role of information intermediaries in corporate governance? This paper
examines equity analysts' influence on managers' earnings management decisions. Do …