Controlling for firm-specific characteristics determining financial reporting quality, this paper
finds evidence of a negative association between firms' total risk and financial reporting …

Whether and how accounting information quality affects the cost of capital has been a matter
of much debate. We contribute to this debate by linking accounting information quality to …

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

In this dissertation, I investigate the determinants and economic consequences associated
with firms' financial reporting choices. Recognizing the endogeneity associated with these …

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 …

In this paper, I survey empirical research on the relevance of firms' financial report
information for the evaluation of their risk. I recommend that financial reporting policymakers …

Based on the theoretical framework of, I predict that higher earnings quality of economically
related public firms reduces a firm's systematic market risk. Using alternative sets of …

In this essay, I argue that external financial reporting quality (EFRQ) has at best a second-
order effect on firm value of US publicly traded companies, and that attempts to improve a …

We examine the effect of economic policy uncertainty (EPU) on the financial reporting quality
of US firms over 1999–2015. We use accruals-based earnings management as a proxy for …

Recent theoretical work argues that information risk is a non‐diversifiable risk factor that is
priced in the capital market. Using accruals quality to proxy for information risk, Francis et …