The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

In this paper, we provide a framework in which to view management earnings forecasts.
Specifically, we categorize earnings forecasts as having three components—antecedents …

In the past decade, digitalisation has gained the attention of both professionals and
academics. Investors are increasingly taking into account information on firm digitalisation in …

Recent changes in technology and the media are causing significant changes in how capital
markets assimilate and respond to information. We identify important themes in the …

In this paper we examine cross-sectional variation in analysts' published evaluations of
firms' disclosure practices and provide evidence that the analysts' ratings are increasing in …

This paper provides evidence on corporate voluntary disclosure practices through an
examination of the earnings-related disclosures made by a random sample of 93 NASDAQ …

Conference calls held in conjunction with an earnings release have become increasingly
common in recent years, yet there is little evidence regarding the reasons that these calls …

In this study, we examine whether managers delay disclosure of bad news relative to good
news. If managers accumulate and withhold bad news up to a certain threshold, but leak …

This study investigates whether managers who issue annual earnings forecasts manage
reported earnings toward their forecasts, fearing legal actions by investors and loss of …

This paper investigates the impact of corporate risk levels on aggregated, voluntary and
mandatory risk disclosures in the annual report narratives of UK non-financial listed …