This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

SPACs are formed to combine with and provide a private firm public trading status and a
capital infusion. Firms that enter the public market through a SPAC combination are believed …

We commemorate the 50th anniversary of Ball and Brown [1968] by chronicling its impact on
capital market research in accounting. We trace the evolution of various research paths that …

Using comprehensive data on US corporate bond trades since 2002, we find evidence that
retail bond investors overrely on untimely credit ratings to their financial detriment …

Press releases are a primary disclosure channel firms use to communicate with investors.
However, firms can also use press releases to self-promote to improve their public image …

Market betas have a strong and positive relation with average stock returns on a handful of
days every year. Such unique days, defined as leading earnings announcement days …

This study examines managers' strategic use of concurrent disclosures around the
announcement of negative material events. We predict and find that managers disclosing …

Despite the increase in and diversity of disclosure channels available, our understanding of
how managers incorporate channel features into their disclosure decisions remains …

This paper examines how the listenability of corporate vocal disclosures affects firms'
information environment. Listenability refers to the ease with which humans can …

We provide new evidence on the role of management guidance in explaining earnings
announcement-period returns. We show that guidance practices changed around the …