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 …

A fundamental question in accounting is whether and to what extent financial reporting
facilitates the allocation of capital to the right investment projects. Over the last two decades …

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' …

In this paper I advocate and illustrate a new approach to the study of accounting
measurement and disclosure that is strikingly different from the usual studies of disclosure in …

A large literature in finance provides evidence that agency conflicts and information
asymmetry between managers and outsiders lead firms to undertake suboptimal levels of …

Prior evidence that higher-quality financial reporting improves capital investment efficiency
leaves unaddressed whether it reduces over-or under-investment. This study provides …

Purpose The emerging practice of integrated reporting (IR) has raised curiosity regarding
how it impacts on firms and their stakeholders. The purpose of this paper is to examine …

This paper reviews and proposes additional research concerning the role of publicly
reported financial accounting information in the governance processes of corporations. We …

There is little research on how accounting information quality affects a firm's external
financing choices. In this paper, we use the occurrence of accounting restatements as a …

We use changes in the value of a firm's real estate assets as an exogenous change in a
firm's financing capacity to examine (1) the relation between reporting quality and financing …