We examine if the effectiveness of business tax subsidies varies based on state disclosure
laws. The prior accounting literature on government disclosure documents substantial …

Understanding how government officials exercise discretion over financial reporting is
essential for citizens, regulators, and researchers to interpret and monitor financial …

This paper studies whether US public pension funds reach for yield by taking more
investment risk in a low interest rate environment. To study funds? risk-taking behavior, we …

This paper examines the effect of state-level monitoring on municipal governance, focusing
on outcomes in financial reporting quality, local corruption, political entrenchment, and …

The return expectations of public pension funds are positively related to cross-sectional
differences in past performance. This positive relation operates through the expected risk …

We study the evolution of American state and local governments' capital asset accounting
policies from the initial adoption of Governmental Accounting Standards Board Statement …

Based on the DCC-MIDAS framework, we estimate the long-term beta of 10 industries driven
by Economic Policy Uncertainty (EPU) in the US. The results demonstrate that EPU …

Abstract We examine whether Governmental Accounting Standards Board (GASB) financial
statement disclosure alters local governments' economic decision-making. To do so, we …

We use a panel data set of UK-listed companies over the period 2005–2009 to analyse the
actuarial assumptions used to value pension plan liabilities under IAS 19. The valuation …

This paper discusses two real effects of financial reporting on pay and incentives:(1) Better
earnings leads to better incentives, and (2) If pay is mismeasured, pay can be misused. The …