Value relevance research empirically investigates the usefulness of accounting information
to stock investors. Accounting information is denoted as value relevant if there is a statistical …

This research note aims to enrich our understanding regarding the market valuation
implications of financial reporting under an Integrated Reporting (IR) approach. In order to …

We address how value relevance of accounting information evolved as the new economy
developed. Prior research concludes that accounting information—primarily earnings—has …

This paper examines how earnings performance relates to firms' narrative R&D disclosure
decisions. The unique nature of R&D investments and financial statements' limited ability to …

This paper examines how the relation between earnings and payout policy has evolved over
the last three decades. Three principal groups of payers have emerged: firms that pay …

Using confidential tax shelter and tax return data obtained from the Internal Revenue
Service, this study develops and validates an expanded model for inferring the likelihood …

Calls for eliminating differences between accounting earnings and taxable income in the US
have been debated extensively. Proponents of increased book-tax conformity argue that tax …

Over the past 30 years, there have been significant changes in the distribution of earnings—
cross-sectional variation has increased, with increasing left skewness—as well as in …

Income shifting from high-tax to low-tax jurisdictions is considered a primary method of
reducing worldwide tax burdens of multinational firms. Current losses also affect income …

This study examines the incremental information in loss firms' non‐GAAP earnings
disclosures relative to GAAP earnings. Using a large sample obtained through textual …