We summarize the empirical evidence regarding Regulation Fair Disclosure (FD) to gauge
whether the regulation achieves its stated objectives and to provide insights and direction for …

This paper documents that mutual funds “herd”(trade together) into stocks with consensus
sell-side analyst upgrades, and herd out of stocks with consensus downgrades. This …

This paper examines whether selective access to corporate managers allows investors to
revise their beliefs and execute profitable trades. We examine whether investors benefit from …

We investigate how XBRL adoption affects smaller institutions' access to financial statement
information relative to their larger counterparts. We examine three aspects of trading …

By using a unique dataset on mutual fund visits to listed firms in China, we investigate
whether mutual funds are able to obtain private information or benefit from their …

The SEC requires mutual funds to write disclosures for the average investor using plain
English. These requirements make funds' investment strategies and associated risks …

In this research, I study the exposure of Socially Responsible mutual funds (SR) to black
industries (ie, carbon-intensive sectors: fossil fuel, metal and utilities) and its effect on the …

The academic literature has found mixed evidence that fund size is negatively related to
performance. One reason for the lack of consensus may be that the fund size and …

Following an exogenous regulation change in China, we examine the impact of company
visit disclosures on the fairness of market information acquisition. Before July 2012 …

Institutional investors often visit corporate sites to conduct first-hand assessments of firms'
business operations and management quality. We find that corporate site visits contribute …