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

We document a growing disparity in earnings disclosure mechanisms. Firms are
increasingly disclosing earnings announcements (EA) concurrently with the 10-K filing …

This study investigates whether firms with fraudulent financial reporting time their earnings
announcements strategically and finds that fraudulent firms are more likely to disclose their …

Prior literature shows decision fatigue reduces analysts' forecast accuracy. We study
whether analysts strategically manage their decision fatigue. Firms within an analyst's …

This study examines the effects of intra-day anticipated distraction events on market quality.
This is achieved by exploiting the quasi-random nature by which FIFA World Cup football …

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

This study examines the relationship between stock market trading hours and market
reactions to earnings announcements. The analysis demonstrates that post-announcement …

This paper argues that firms in certain life cycle stages may be more subjectively valued by
individual investors, leading to an optimistic bias in stock prices that is subsequently …

This study examines the dynamic relation between the market's demand for information
about firm performance and the media's supply of information. Using the immediate after …

We examine price discovery in China's equity market by leveraging a unique feature:
unscheduled macroeconomic announcements that are often released outside of regular …