This study examines whether patent citation impact, a leading indicator of technology firms'
innovation capabilities, is associated with future earnings and whether this association is …

We provide data and code that successfully reproduces nearly all cross-sectional stock
return predictors. Our 319 characteristics draw from previous meta-studies, but we differ by …

Most anomalies fail to hold up to currently acceptable standards for empirical finance. With
microcaps mitigated via NYSE breakpoints and value-weighted returns, 65% of the 452 …

We propose a model selection method to systematically evaluate the contribution to asset
pricing of any new factor, above and beyond what a high‐dimensional set of existing factors …

Integrated reporting () is an emerging international corporate reporting initiative to address
limitations to extant corporate reporting approaches, which are commonly criticized for being …

Hundreds of papers and factors attempt to explain the cross-section of expected returns.
Given this extensive data mining, it does not make sense to use the usual criteria for …

The SEC believes that MD&A disclosures provide investors with useful information that
clarifies and supplements the financial statements. In this study, we use data from retail firms …

What causes managers to misstate their financial statements? How best can investors,
auditors, financial analysts, and regulators detect misstatements? Addressing these …

We investigate the relations among voluntary disclosure, earnings quality, and cost of
capital. We find that firms with good earnings quality have more expansive voluntary …

This paper examines the consequences of four types of real earnings management. Using
financial statement data, I identify firms that engage in any of the following real earnings …