The SEC believes that MD&A disclosures provide investors with useful information that
clarifies and supplements the financial statements. In this study, we use data from retail firms …

This study examines the association between measures of earnings quality and auditor
industry specialization. Prior work has examined the association between auditor brand …

In the present paper conclusions are drawn from literature whose goal was to put
information on intangibles into financial and non-financial frameworks. The analysis …

This paper analyzes seven mandated disclosures contained in Management Discussion
and Analysis (MD&A) to assess their information content. Generally, the results show that …

We estimate the association of investments in R&D and in physical assets (CAPEX) with
subsequent earnings variability. We estimate these relations in different time periods and …

We examine whether the information conveyed in a relatively new analyst research output—
capital expenditure (capex) forecasts—affects corporate investment efficiency. We find that …

This study examines the effects of international and product diversification on capital
structure with 232 firms from 30 countries. Results for the full sample show that international …

Recent US studies report that earnings value relevance has declined over time. Some
authors suggest non-recognition of intangible assets in the US is a major reason for …

Using a unique hand-collected dataset of purchase obligations, we find that customers'
financial reporting quality is positively associated with future supply contracts, indicating that …

This article examines the market valuation of announcements of new capital expenditure.
Prior research suggests that the firm's growth opportunities and cash flow position condition …