Submissions from 2022
Breaking it Down: Economic Consequences of Disaggregated Cost Disclosures, Philip G. Berger, Jung Ho Choi, and Sorabh Tomar
Do Designated Market Makers Facilitate Price Informativeness? Evidence from Earnings Announcements, Neil Bhattacharya, Bidisha Chakrabarty, Lei Ma, and Jing Pan
Information from Implied Volatility Comovements and Insider Trades, Robert M. Bushman, Vivek Raval, and Sean Wang
Do Jobseekers Value Diversity Information? Evidence from a Field Experiment, Jung Ho Choi, Joseph Pacelli, Kristina M. Rennekamp, and Sorabh Tomar
Making the Grade (But Not Disclosing It): How Withholding Grades Affects Student Behavior and Employment, Eric Floyd, Daniel Lee, and Sorabh Tomar
Intra-Firm Knowledge Sharing in the Investment Research Industry, Artur Hugon, An-Ping Lin, and Stanimir Markov
The Social Externalities of Bank Disclosure Regulation: Evidence from the Community Reinvestment Act, Sydney Kim, Oktay Urcan, and Hayoung Yoon
Bad News, Minority CEOs and Analyst Valuations, Kathy Rupar, Sean Wang, and Hayoung Yoon
Greenhouse Gas Disclosure and Emissions Benchmarking, Sorabh Tomar
Submissions from 2021
Regulatory Interventions in Response to Non-Compliance with Mandatory Derivatives Disclosure Rules, Neil Bhattacharya, Hye Sun Chang, and Raluca Chiorean
Does Wall Street Discriminate by Race? Evidence from Analyst Target Prices, Kathy Rupar, Sean Wang, and Hayoung Yoon
Submissions from 2020
Using Loan Loss Indicators by Loan Type to Sharpen the Evaluation of Banks’ Loan Loss Accruals, Gauri Bhat, Joshua A. Lee, and Stephen G. Ryan
Internet Appendix to: Black, Desai, Litvak, Yoo, and Yu, The SEC’s Short-Sale Experiment: Evidence on Causal Channels and on the Importance of Specification Choice in Randomized and Natural Experiments, Bernard S. Black, Hemang Desai, Kate Litvak, and Woongsun Yoo
The SEC's Short-Sale Experiment: Evidence on Causal Channels and on the Importance of Specification Choice in Randomized and Natural Experiments, Bernard S. Black, Hemang Desai, Kate Litvak, and Woongsun Yoo
Online Appendix for Black, Desai, Litvak, Yoo, and Yu, Specification Choice in Randomized and Natural Experiments: Lessons from the Regulation SHO Experiment, Bernard S. Black, Hemang Desai, Kate Litvak, Woongsun Yoo, and Jeff Jiewei Yu
Specification Choice in Randomized and Natural Experiments: Lessons from the Regulation SHO Experiment, Bernard S. Black, Hemang Desai, Kate Litvak, Woongsun Yoo, and Jeff Jiewei Yu
Submissions from 2019
Directors’ Informational Role in Corporate Voluntary Disclosure: An Analysis of Directors from Related Industries, Ruihao Ke, Meng Li, and Yuan Zhang
Submissions from 2018
Analysts’ Role in Shaping Non-GAAP Reporting: Evidence from a Natural Experiment, Theodore E. Christensen, Enrique Gomez, Matthew Ma, and Jing Pan
Submissions from 2017
Leveling the Playing Field between Large and Small Institutions: Evidence from the SEC's XBRL Mandate, Neil Bhattacharya, Young Jun Cho, and Jae B. Kim
Are Declining Effective Tax Rates Indicative of Tax Avoidance? Insight from Effective Tax Rate Reconciliations, Katharine D. Drake, Russ Hamilton, and Stephen J. Lusch
The Sources of Declining Effective Tax Rates: Insight From Effective Tax Rate Reconciliations, Katharine D. Drake, Russ Hamilton, and Stephen J. Lusch
The Value of Crowdsourced Earnings Forecasts, Russell Jame, Rick Johnston, Stanimir Markov, and Michael Wolfe
Does Crowdsourced Research Discipline Sell-Side Analysts?, Russell Jame, Stanimir Markov, and Michael Wolfe
Social Connections within Executive Teams and Management Forecasts, Ruihao Ke, Meng Li, Zhejia Ling, and Yuan Zhang
Submissions from 2016
Determinants and Consequences of Information Processing Delay: Evidence from the Thomson Reuters Institutional Brokers’ Estimate System, Ferhat Akbas, Stanimir Markov, Musa Subasi, and Eric H. Weisbrod
Can Short Sellers Constrain Opportunistic Non-GAAP Earnings Reporting?, Neil Bhattacharya, Theodore E. Christensen, Qunfeng Liao, and Bo Ouyang
Do Equity Analysts Benefit from Access to High Quality Debt Research?, Artur Hugon, An-Ping Lin, and Stanimir Markov
Global Expertise of Financial Analysts, Guang Ma, Stanimir Markov, and Joanna Shuang Wu
The Moderating Effect of Relative Performance Evaluation on the Risk Incentive Properties of Executives’ Equity Portfolios, Hyungshin Park and Dimitris Vrettos
Submissions from 2015
The Relation between Bank Credit-Risk Management Procedures and Originate-to-Distribute Mortgage Quality During the Financial Crisis, Gauri Bhat and Jian Cai
Testing the Transparency Implications of Mandatory IFRS Adoption: The Spread/Maturity Relation of Credit Default Swaps, Gauri Bhat, Jeffrey Callen, and Dan Segal
The Impact of Risk-Modeling Disclosures on the Market Perception of Banks’ Estimated Fair Value Gains and Losses for Financial Instruments, Gauri Bhat and Stephen Ryan
The Effect of High Quality Information Technology on Corporate Tax Avoidance and Tax Risk, Russ Hamilton and James Stekelberg
The Moderating Effect of Relative Performance Evaluation on the Risk Incentive Properties of Executives' Equity Portfolios, Hyungshin Park and Dimitris Vrettos
Submissions from 2014
Credit Risk and IFRS: The Case of Credit Default Swaps, Gauri Bhat, Jeffrey Callen, and Dan Segal
When Do Governance Mechanisms Matter Most?, Derek Horstmeyer and Kara Wells
Estimating the Equity Risk Premium Using Implied Cost of Capital, Ruihao Ke and Jing Liu
Submissions from 2013
Did Information Intermediaries See the Warning Signals of the Banking Crisis from Leading Indicators in Banks’ Financial Statements?, Hemang Desai, Shiva Rajgopal, and Jeff Jiewei Yu
The Effect of Restatement Detection Speed on Reporting Credibility, Mark Hirschey, Kevin R. Smith, and Wendy M. Wilson
The Value of Crowdsourced Earnings Forecasts, Russell Jame, Rick Johnston, Stanimir Markov, and Michael Wolfe
Submissions from 2012
The Implications of Credit Risk Modeling for Banks’ Loan Loss Provisions and Loan-Origination Procyclicality, Gauri Bhat, Stephen G. Ryan, and Dushyantkumar Vyas
A First Look at Mutual Funds that Use Short Sales, Honghui Chen, Hemang Desai, and Srinivasan Krishnamurthy
Access to Management and the Informativeness of Analyst Research, T. Clifton Green, Russell Jame, Stanimir Markov, and Musa Subasi
Come on Over: Analyst/Investor Days as a Disclosure Medium, Marcus Kirk and Stanimir Markov
Equity Analysts and the Market’s Assessment of Risk, Daphne Lui, Stanimir Markov, and Ane Tamayo
The Use of Management Control Mechanisms to Mitigate Moral Hazard in the Decision to Outsource, Karen Sedatole, Dimitris Vrettos, and Sally K. Widener
Submissions from 2011
Panacea, Pandora’s Box, or Placebo: Feedback in Bank Holdings of Mortgage‐Backed Securities and Fair Value Accounting, Gauri Bhat, Richard Frankel, and Xiumin Martin
The Role of Accounting in the Use of Employee Options, Hemang Desai, Zining Li, and Suning Zhang
Broker-Hosted Investor Conferences, T. Clifton Green, Russell Jame, Stanimir Markov, and Musa Subasi
The Market’s Assessment of the Probability of Meeting or Beating the Consensus, Guang Ma and Stanimir Markov
Analyst Tipping: Additional Evidence, Stanimir Markov, Volkan Muslu, and Musa Subasi
Submissions from 2010
How Important are Earnings Announcements as an Information Source?, Sudipta Basu, Truong X. Duong, Stanimir Markov, and Eng-Joo Tan
The Impact of IFRS Adoption on the Value Relevance of Book Value and Earnings, Peter Clarkson, J. Douglas Hanna, Gordon D. Richardson, and Rex Thompson
Financial Reporting Credibility after SOX: Evidence from Earnings Restatements, Mark Hirschey, Kevin R. Smith, and Wendy M. Wilson
Submissions from 2009
How Important are Earnings Announcements as an Information Source?*, Sudipta Basu, Truong X. Duong, Stanimir Markov, and Eng Joo Tan
Submissions from 2008
Risk Relevance of Fair Value Gains and Losses, and the Impact of Disclosure and Corporate Governance, Gauri Bhat
Earnings Quality and Information Asymmetry: Evidence from Trading Costs, Neil Bhattacharya, Hemang Desai, and Kumar Venkataraman
Sell-Side Debt Analysts and Debt Market Efficiency, Umit G. Gurun, Rick Johnston, and Stanimir Markov
Submissions from 2007
Does Earnings Quality Affect Information Asymmetry? Evidence from Trading Costs, Neil Bhattacharya, Hemang Desai, and Kumar Venkataraman
On the Weighting of Individual Analyst Forecasts in the Consensus, Marty Butler, Stanimir Markov, and Arthur G. Kraft
Using Market Reaction to Infer Persistence of Earnings Surprises, Gia Chevis and Gregory A. Sommers
On Distinguishing Between Valuation and Arbitrage Motivated Short Selling, Hemang Desai, Srinivasan Krishnamurthy, and Kumar Venkataraman
Which Competitive Efforts Lead to Future Abnormal Economic Rents? Using Accounting Ratios to Assess Competitive Advantage, Victoria Dickinson and Gregory A. Sommers
Effect of Analysts' Optimism on Estimates of the Expected Rate of Return Implied By Earnings Forecasts, Peter D. Easton and Gregory A. Sommers
What Makes a Stock Risky? Evidence from Sell-Side Analysts' Risk Assessments, Daphne Lui, Stanimir Markov, and Ane Tamayo
An Empirical Analysis of the Decline in the Information Content of Earnings Following Restatements, Wendy M. Wilson
Submissions from 2006
Pro Forma Disclosure and Investor Sophistication: External Validation of Experimental Evidence Using Archival Data, Kristian D. Allee, Neil Bhattacharya, Ervin L. Black, and Theodore E. Christensen
Does Corporate Governance Transparency affect the Accuracy of Analyst Forecasts?, Gauri Bhat, Ole-Kristian Hope, and Tony Kang
Fair Value's Affect on Accounting's Ability to Predict Future Cash Flows: A Glance Back and a Look at the Potential Impact of Reaching the Goal, Keji Chen, Gregory A. Sommers, and Gary K. Taylor
Systematic Share Price Fluctuations after Bankruptcy Filings and the Investors Who Drive Them, Mark Dawkins, Neil Bhattacharya, and Linda Smith Bamber
Earnings Management and Cross Listing: Are Reconciled Earnings Comparable to Us Earnings?, Mark H. Lang, Jana Smith Raedy, and Wendy M. Wilson
Predictability in Financial Analyst Forecast Errors: Learning or Irrationality, Stanimir Markov and Ane Tamayo
The Information Content of Earnings Following Restatements, Wendy M. Wilson
Submissions from 2005
Loss Function Assumptions in Rational Expectations Tests on Financial Analysts' Earnings Forecasts, Sudipta Basu and Stanimir Markov
Inflation, Earnings Forecasts, and Post-Earnings Announcement Drift, Sudipta Basu, Stanimir Markov, and Lakshmanan Shivakumar
The Reputational Penalty for Aggressive Accounting: Earnings Restatements and Management Turnover, Hemang Desai, Chris E. Hogan, and Michael S. Wilkins
The Effectiveness of Regulation Fd, Andreas Gintschel and Stanimir Markov
What Makes a Stock Risky? Evidence from Sell-Side Analysts' Risk Ratings, Daphne Lui, Stanimir Markov, and Ane Tamayo
Separating the Effects of Asymmetric Incentives and Inefficient Use of Information on Financial Analysts' Consensus Earnings Forecast Errors, Stanimir Markov and Min Yen Tan
Submissions from 2004
Pro Forma Disclosure and Investor Sophistication: External Validation of Experimental Evidence Using Archival Data, Kristian D. Allee, Neil Bhattacharya, Ervin L. Black, and Theodore E. Christensen
Assessing the Relative Informativeness and Permanence of Pro Forma Earnings and Gaap Operating Earnings, Neil Bhattacharya, Ervin L. Black, Theodore E. Christensen, and Chad R. Larson
Who Trades on Pro Forma Earnings Information?, Neil Bhattacharya, Ervin L. Black, Theodore E. Christensen, and Richard Mergenthaler
The Reputational Penalty for Aggressive Accounting: Earnings Restatements and Management Turnover, Hemang Desai, Chris E. Hogan, and Michael S. Wilkins
Long-Run Stock Returns Following Briloff's Analyses, Hemang Desai and Prem C. Jain
Do Short Sellers Target Firms with Poor Earnings Quality? Evidence from Earnings Restatements, Hemang Desai, Srinivasan Krishnamurthy, and Kumar Venkataraman
Earnings Management and Cross Listing: Are Reconciled Earnings Comparable to Us Earnings?, Mark H. Lang, Jana Smith Raedy, and Wendy M. Wilson
Submissions from 2003
Loss Function Assumptions in Rational Expectations Tests on Financial Analysts' Earnings Forecasts, Sudipta Basu and Stanimir Markov
Assessing the Relative Informativeness and Permanence of Pro Forma Earnings and Gaap Operating Earnings, Neil Bhattacharya, Ervin L. Black, Theodore E. Christensen, and Chad R. Larson
Empirical Evidence on Recent Trends in Pro Forma Reporting, Neil Bhattacharya, Ervin L. Black, Theodore E. Christensen, and Richard Mergenthaler
Value-Glamour and Accruals Mispricing: One Anomaly or Two?, Hemang Desai, Shivaram Rajgopal, and Mohan Venkatachalam
Performance-Based Compensation in Professional Service Firms, Christopher D. Ittner, David F. Larcker, and Mina Pizzini
Predictability in Financial Analyst Forecast Errors: Learning or Irrationality?, Stanimir Markov and Ane Tamayo
Submissions from 2002
Value-Glamour and Accruals Mispricing: One Anomaly or Two?, Hemang Desai, Shivaram Rajgopal, and Mohan Venkatachalam
The Effectiveness of Regulation Fd, Andreas Gintschel and Stanimir Markov
Log-Linear Stock Valuation Based on Accounting Information, Rex Thompson, Randolph P. Beatty, and Susan Riffe
Submissions from 2001
Investors' Trade Size and Trading Responses Around Earnings Announcements: An Empirical Investigation, Neil Bhattacharya
The Share Repurchase Announcement Puzzle: Theory and Evidence, Utpal Bhattacharya and Stacey E. Jacobsen
The Effect of Taxes on Acquisition Price and Transaction Structure, Steven L. Henning, Wayne Shaw, and Toby Stock
Submissions from 2000
An Investigation of the Informational Role of Short Interest in the Nasdsaq Market, Hemang Desai, S. Ramu Thiagarajan, K. Ramesh, and Bala Balachandran