The number of firms reporting earnings on a non‐GAAP basis has increased dramatically
over the last decade, and non‐GAAP reporting is now commonplace in capital markets. This …

Purpose The purpose of this paper is to synthesize insights from existing research on the
disclosure of non-generally accepted accounting principles (GAAP) earnings, from an …

Purpose It has been two decades since the first academic paper shone a spotlight on non-
GAAP earnings. The past 20 years of research investigates concerns over the misuse of …

Prior research finds that clients of high-quality auditors report higher-quality GAAP earnings.
We extend this research to investigate whether auditor quality is associated with the quality …

We use machine learning methods to create a comprehensive measure of credit risk based
on qualitative information disclosed in conference calls and in management's discussion …

We examine how exogenous changes in analyst coverage influence (1) the likelihood that
managers will voluntarily disclose customized (non-GAAP) performance metrics and (2) the …

ABSTRACT EBITDA is a commonly used performance measure for (i) valuation,(ii) debt
contracting, and (iii) executive compensation. The widespread use of EBITDA by …

We examine the relation between CEO pay components and aggressive non-GAAP
earnings disclosures using CEO pay components as proxies for managers' short-versus …

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

We examine whether the dispersion of pay-performance sensitivity (PPS) amongst the top
management team (TMT) impacts the likelihood of firms disclosing non-GAAP earnings and …