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 examine the relation between accounting conservatism and inside debt held by
managers in the form of pension benefits and deferred compensation. We find that financial …

We hypothesize that the choice to obtain a financial statement audit provides external
financiers with incremental information about the firm, which helps reduce information …

Extant theory claims a firm's information environment impacts the choice between debt and
equity financing. However, empirical evidence supporting this contention is limited. We …

We examine whether discretionary accruals of firms obtaining substantial external financing
can be explained by managerial manipulation or managerial overoptimism. Insider trading …

We investigate the role of financial reporting quality in reducing a firm's over‐and
underleverage problems. While the prior literature examining reporting quality and capital …

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 …

US firms recorded an unprecedented number of asset impairments during the recent
financial crisis. We investigate the timing of these losses in the context of two competing …

In this research we consider how disclosure of accounting policy interacts with subsequent
choice over voluntary disclosure of a non-financial performance metric. We compare and …

This paper investigates whether financial reporting conservatism is related to firms' financial
flexibility and their access to capital. If conservatism facilitates monitoring and governance …