This article systematically reviews 94 accounting and finance studies that address the real
effects of financial reporting. Whereas the effects of financial reporting on capital suppliers' …

Using data from China, we examine whether and how the incentive to boost GDP growth at
the government level affects earnings management at the firm level. We find that firms in …

In this study, we hypothesize and find that financial statement analysis of firm profitability
drivers applied at the aggregate level yields timely insights that are relevant for forecasting …

This paper examines whether the negative association between aggregate earnings and
returns is explained by the monetary policy news in aggregate earnings. Using Federal …

In this paper, I provide an overview of the research on the real effects of financial reporting
on investing and financing decisions made by firms. Accounting can improve investment …

Earnings growth dispersion contains information about trends in labor reallocation,
unemployment change, and, ultimately, aggregate output. We find that initial …

Prior studies on the relation between corporate taxes and future macroeconomic growth
present contradictory evidence. We argue this mixed evidence is at least partly due to the …

The accounting literature has traditionally focused on firm-level studies to examine the
capital market implications of earnings and other accounting variables. We first develop the …

We hypothesize that earnings downside risk, capturing the expectation for future downward
operating performance, contains distinct information about firm risk and varies with cost of …

The timely flow of financial information is critical for efficient capital market functioning, yet
we have little understanding of firms' and auditors' collective abilities to maintain timely …