Going public by merging with a Special Purpose Acquisition Company (SPAC) is much more
expensive than conducting a traditional IPO. We rationalize why some companies merge …

We investigate the impact of forward-looking disclosures in annual reports on stock liquidity
in China. Analysis of the MD&A sections within annual reports demonstrate a strong positive …

We examine the impact of low-carbon city (LCC) initiatives on labour investment decisions
(quantity, quality, and well-being). Using a time-varying difference-in-differences approach …

This paper investigates how environmental regulation and action affect analyst behaviour.
Exploiting staggered enactment of low carbon city (LCC) initiatives in a difference-in …

Although formal guidance instructs firms to avoid issuing lengthy and boilerplate risk factor
disclosures, regulators and users of financial statements note these disclosures are …

Guidance is an important and long-studied topic in the accounting literature. Call, Hribar,
Skinner, and Volant (this issue) survey managers who provide guidance and those that do …

An extensive stream of literature investigates how product market competition, by increasing
the proprietary costs of disclosure, influences corporate disclosure policy. We hypothesize …

We investigate the effect of board gender diversity (BGD) on investment outcomes. We
identify variation in BGD by compiling, for the first time, a global catalog of 83 BGD …

A rich literature suggests that investor relations officers (IROs) fulfill a one‐way information
intermediary role by transmitting firm information to investors. We advance this literature with …

We examine the joint effects of litigation risk and regulation in shaping firms' financial
reporting decisions. Specifically, we investigate how these disciplining mechanisms …