Whisper numbers have attracted both popular press and academic interest since at least 1998, when Whispernumbers.com was established. Nearly all academic research to date has focused on the accuracy and representativeness of whispers relative to financial analysts' earnings forecasts and has...

In this study, we investigate whether or not the Code of Best Corporate Practices (Code) in Mexico is complementary to or a substitute for other corporate governance mechanisms (auditor quality, firm size and board independence). We find that the Code complements high auditor quality and...

We examine co-movements of nine Asian equity markets with both the US and Japan with special interest in distinguishing co-movements during periods of positive returns from those during periods of negative returns. A discrete asymmetric piecewise linear conditional mean returns specification is...

A primary focus of empirical earnings research is whether accounting earnings contain meaningful and timely information that can be used by market participants to value securities. Empirically, accounting earnings numbers are considered to be reliable representations of economic performance if...