We develop a cost–benefit tradeoff that provides new insights into the frequency with which
firms should be required to report the results of their operations to the capital market. The …

This article shows that improving financial efficiency may reduce real efficiency. While the
former depends on the total amount of information available, the latter depends on the …

The business case for sustainability can be built upon:(i) cost reduction from efficient
resource utilisation,(ii) revenue enhancement,(iii) risk management, and (iv) intangible …

This paper presents a case study of the South African operation of a logistics company,
operating in a context of short-termism and under-performance. Frustration with managing in …

This paper models the effect of disclosure on real investment. We show that, even if the act
of disclosure is costless, a high-disclosure policy can be costly. Some information (" soft") …

Among firms that meet or beat earnings expectations, we find that cuts to R&D spending are
more prevalent in Q4 relative to other interim quarters. This is consistent with the relative …

This study investigates the audit quality differential between Big 4, mid-tier and smaller
(independent) audit firms employing a large sample of private German firms. The results …

Shareholder value (SHV) and value-based management (VBM) are blamed for causing
short-termism of investors and managerial myopia. Empirical evidence states decreased …

Using the transition of US firms from annual reporting to quarterly reporting over the period
1950-1970 as a natural experiment, we provide causal evidence on the effects of increased …

IntroductionThe role of accounting earnings in securities pricing has always been one of the
most important questions in accounting research. Research on earnings information content …