This study examines whether and how firms' voluntary forward‐looking nonfinancial
disclosure, specifically their corporate social responsibility (CSR) disclosure, is associated …

We examine the relation between corporate diversification, real earnings management, and
firm value. Our analysis indicates that industrial diversification and the combination of …

In this essay, I argue that external financial reporting quality (EFRQ) has at best a second-
order effect on firm value of US publicly traded companies, and that attempts to improve a …

This paper studies the propensity of firms to commit to disclose information that is
subsequently biased, in the presence of other firms also issuing potentially biased …

We develop estimates of a firm's foreign earnings designated as permanently reinvested
(PRE) and the unrecorded deferred tax liability (TAX) associated with PRE that are …

We examine if quarterly earnings guidance induces real earnings management. Quarterly
guidance may cause myopia and inefficient decision‐making, if managers become overly …

This study examines whether firms' disclosure decisions are affected by the presence of
activist hedge funds. Using a large sample of firms that experienced increases in ownership …

Using 13F filings from 1996 to 2011, we document that hedge fund holdings are negatively
associated with the subsequent frequency of portfolio firms' voluntary disclosure. This is …

We investigate how firms strategically vary their disclosure policies in response to labor
unemployment concern. Using changes in state unemployment insurance laws as …

This paper studies whether managers use investor information they learn from the stock
market when making forward-looking disclosures. Using annual management earnings …