This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …

Abstract In 2014, the Associated Press (AP) began using algorithms to write articles about
firms' earnings announcements. These “robo-journalism” articles synthesize information …

This paper examines whether investor relations (IR) officers provide value by facilitating the
assimilation of firm information by the market. We find that firms with IR officers have lower …

One of the most important developments in the corporate loan market over the past decade
has been the growing participation of institutional investors. As lenders, institutional …

We investigate whether a borrower's media coverage influences the syndicated loan
origination and participation decisions of informationally disadvantaged lenders, loan …

This study investigates the impact of dissemination on the efficiency of the price discovery
process with respect to management earnings guidance disclosures. I first identify firm and …

The internet is an enormous and growing source of information for investors about the
opinions of others. Virtually any individual with internet access can express opinions about …

This paper investigates an important contemporary issue relating to the involvement of
hedge funds in the syndicated loan market. In particular, we investigate the potential …

We review the recent theoretical and empirical literature on debt covenants with a particular
focus on how creditor governance after covenant violations can influence the borrower's …

ABSTRACT I examine the timeliness of write‐downs taken by US financial institutions during
the financial crisis of 2007–2008. The timeliness of write‐downs is measured by …