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

Between 2010 and 2017, Chinese investors used an investor interactive platform (IIP) to ask
public companies around 2.5 million questions, the vast majority of which received a reply …

Abstract In 2014, the Associated Press (AP) began using algorithms to write articles about
firms' earnings announcements. These “robo-journalism” articles synthesize information …

We investigate the frictions that impede individual investors' use of accounting information
and, in particular, their costs of monitoring and acquiring accounting disclosures. We do so …

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 …

We investigate whether increased investor demand for financial information arising from
higher market uncertainty leads to greater media coverage of earnings announcements. We …

This paper explores the corporate governance role of retail investor attention from the
perspective of corporate innovation. Using a sample of Chinese listed firms from 2011 to …

We examine whether social media activity can reduce corporate misconduct. We use the
staggered introduction of 3G mobile broadband access across the United States to identify …

We examine the relation between firms' voluntary guidance and mandatory 8K filings. We
find a negative relation between guidance and 8Ks, which strengthens following the 2004 …

We examine the effect of media coverage on firm innovation. Using a comprehensive
sample of corporate news coverage and patenting over the period from 2000 to 2012, we …