A fundamental question in accounting is whether and to what extent financial reporting
facilitates the allocation of capital to the right investment projects. Over the last two decades …

We examine the relation between public firm presence and import competition. The
information created by public firm presence may provide importers with insights they can use …

We examine whether the quality of firms' internal information systems influences the relation
between inflation shocks and corporate investment, as posited by imperfect information …

Executive bonus plans often incorporate performance measures that exclude particular
costs—a practice we refer to as “cost shielding.” We predict that boards use cost shielding to …

We study the spillover effects of financial disintermediation on the supply of credit to small
and medium enterprises (SMEs). We find direct central bank lending to large corporations …

We examine how regulatory restrictions on capital market activity affect the compensation
contracting environment within firms. This study aims to expand our understanding of how …

This monograph provides a thorough review of earnings quality issues and analysis. Its
primary objectives are to help gain a deep understanding of earnings quality and facilitate …

We study how vertical integration shapes firms' public disclosures. Theory suggests that
firms can use public disclosure to coordinate with supply chain partners and predicts a …

In today's interconnected global economy, economic shocks in one country often propagate
across borders, causing significant fluctuations worldwide. Constructing a novel country-to …

This study investigates the influence of central bank private-sector quantitative easing (QE)
policies on firms' voluntary disclosures. While the effects of QE on borrowing costs and asset …