This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

We propose a direct measure of abnormal institutional investor attention (AIA) using news
searching and news reading activity for specific stocks on Bloomberg terminals. AIA is highly …

This paper examines the effect of market participants' information processing costs on firms'
disclosure choice. Using the recent eXtensible Business Reporting Language (XBRL) …

Beginning in 2005, the Securities and Exchange Commission (SEC) mandated firms to
include a “risk factor” section in their Form 10-K to discuss “the most significant factors that …

We investigate whether managers “hide” bad news by announcing earnings during periods
of low attention, or by providing less forewarning of an upcoming earnings announcement …

We study how public and private disclosure requirements interact to influence both tax
regulator enforcement and firm disclosure. To capture IRS enforcement activities, we …

The emergence of social media as a corporate disclosure channel has caused significant
changes in the production and dissemination of corporate information. This review identifies …

Applying a “co-search” algorithm to Internet traffic at the SEC׳ s EDGAR website, we develop
a novel method for identifying economically related peer firms and for measuring their …

In an effort to enhance informational transparency for investors, the SEC periodically reviews
public firms' filings for regulatory compliance. Although the SEC dedicates significant …

Using data from the Security and Exchange Commission's Electronic Data Gathering and
Retrieval (EDGAR) server log, the authors examine the consumption of financial information …