Accounting and finance research has long recognized that, relative to professional investors, retail investors face a significant trading disadvantage at earnings announcements. We examine the extent to which professional inattention impacts this disadvantage using plausibly exogenous variation...

We employ a novel machine-learning technique (“clusterwise linear regression”) to identify five distinct forecasting styles employed by equity research analysts. We first document significant variation in how each of the forecasting styles contributes to the consensus analyst forecast...

We examine the determinants and market consequences associated with earnings announcements going viral on social media, a phenomenon we label “earnings virality.” Using a comprehensive panel of historical Twitter data, we find that the typical earnings announcement receives relatively little...

We examine how brokerage firm IPOs influence the research quality of sell-side analysts employed by the brokerage. Our main results focus on earnings forecast bias and absolute forecast errors as proxies for research quality. Using a staggered difference-in-differences analysis, we document...

"Financial Accounting for Managers combines years of author experience talking with business leaders, financial analysts, standard setters, auditors, and fellow accounting instructors across the country to ensure the book and its supplemental materials are consistent with what's being practiced...

We examine whether delays in the expected release of annual earnings have implications for the future auditor-client relationship. Managers have strong incentives to release earnings on schedule and auditors play an important role in helping their clients avoid costly earnings announcement...