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

Researchers have used various measures as indications of “earnings quality” including
persistence, accruals, smoothness, timeliness, loss avoidance, investor responsiveness …

Standard-setters worldwide have passed new audit reporting requirements aimed at making
audit reports more informative to investors. In the UK, the new standard expands the audit …

We examine the effects of institutional ownership on firms׳ information and trading
environments using the annual Russell 1000/2000 index reconstitution. Characteristics of …

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

本文以2009 年中国A 股上市公司为样本, 从财务信息内部“生产” 和投资者反应两个视角研究
内部控制质量与会计信息质量之间的关系. 研究表明: 在信息“生产” 方面, 高质量的内部控制提高 …

The purpose of this paper is two-fold. First, I attempt a taxonomy of the extant accounting
literature on disclosure: that is, a categorization of the various models of disclosure in the …

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 …

An auditor's reputation lends credibility to the earnings report that he audits. An unresolved
issue is whether auditor size is correlated with auditor quality, where a high-quality auditor is …

Assessing the usefulness of earnings to investors was a major motiva-tion for the most
concerted research effort in accounting history-the tradition of returns/earnings studies …