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

This paper examines the effect of market participants' information processing costs on firms'
disclosure choice. Using the recent eXtensible Business Reporting Language (XBRL) …

We investigate the frictions that impede individual investors' use of accounting information
and, in particular, their costs of monitoring and acquiring accounting disclosures. We do so …

The internet is an enormous and growing source of information for investors about the
opinions of others. Virtually any individual with internet access can express opinions about …

In the current world of the Big Data revolution, where a vast amount of information is
available to investors, attention is a scarce resource. The time, effort, and skill required to …

This paper develops a multi-firm equilibrium model of information acquisition based on
differences in firms' characteristics. The model shows that heightened economic uncertainty …

The SEC prohibits the presentation of non‐GAAP measures before corresponding GAAP
measures; however, a large proportion of non‐GAAP reporters present non‐GAAP EPS …

In this study, we investigate the impact of social media on future stock price crash risk. A
stock price crash occurs when managers hoard bad news over an extended period and …

We use clickstream data to show that investors' demand for information about
macroeconomic factors affecting the path of future interest rates is a measure of their …

Do investors' moods influence their contributions to risky investments in equity
crowdfunding? Yes. We use cloud cover as a proxy for mood because besides serving as …