This study reveals the inconsistencies between the negative externalities of carbon
emissions and the recognition condition of accounting statements. Hence, the study …

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 a novel database of intellectual property (IP) licensing agreements sourced from
filings made by publicly listed corporations, a large fraction of which firms (initially) disclose …

This study develops and tests a simple model of voluntary disclosure in which managers can
choose to withhold (ie, redact) certain elements from mandatory disclosure. We consider a …

We study the interplay between the redaction of information from regulatory filings and SEC
monitoring of the redacting firms. We find that redactions are associated with more intense …

China adopted amendments allowing companies to redact filings without prior approval in
2016. Leveraging this change as a quasi-nature experiment, we explore whether managers …

We introduce the idea of cross‐regulatory disclosure avoidance, whereby firms attempt to
counteract expansions of disclosure under one regulation through actions that reduce …

We examine whether gender-diverse boards prioritize product market concerns over capital
market incentives when proprietary costs are high. We argue that gender-diverse boards …

This paper studies whether firms opportunistically make proprietary claims in mandatory
environmental disclosure programs with trade secret exemption rules. Examining the …

ABSTRACT The Securities and Exchange Commission permits companies to redact
proprietary information from material contract filings, so long as the redacted information (1) …