This paper reviews, synthesizes, and critiques the capital market literature examining trading
volume around earnings announcements and other financial reports. Our purposes are to …

This study investigates the role of the business press in the pricing of accounting
information. Using a comprehensive dataset of more than 111,000 earnings-related …

Using an extensive database of 356,463 sell‐side equity analysts' reports from 2002 to
2009, this study is one of the first to analyze the readability of analysts' reports. We first …

We investigate the association between earnings quality and investor disagreement
regarding the valuation consequences of earnings announcements. A primary purpose of …

Pursuing my doctoral degree has been an adventure. It has had its ups and downs, taken
me to places literally, figuratively, and geographically that I have not dreamed of, I have …

We examine differential volume–price reactions to loss announcements and their
association with loss reversals. Our findings show that differential volume–price reactions …

Purpose–This paper investigates the impact of generally accepted accounting principles
(GAAP) and non-GAAP voluntary disclosures on equity returns for important financial …

Motivated by recent regulatory discussion on the effects of disclosure length and complexity
on investors—which mirrors disagreement in the academic literature on how disclosure …

Investor homogeneity is an important assumption in the efficient market hypothesis.
However, viewing the financial markets from the eye of a professional trader, they are never …

My dissertation is comprised of three essays on capital market reactions around accounting
disclosures. My first essay proposes and finds evidence for the overpricing of information …