Purpose - The objective of the present study is to examine the value relevance of accounting information presented by Brazilian banks. Design/methodology/approach - The studied sample derived from Brazil’s Stock Exchange, B3, under the banking segment, resulting in a group of 24 publicly...

We use a quasi-natural experiment wherein the Shanghai Stock Exchange requires listed companies in certain industries to disclose operational information and a staggered difference-in-differences model to examine the impact of mandatory information disclosure on corporate innovation. We find...

I examine whether company-implemented disclosure committees help to improve non-GAAP reporting quality. I find that firms with disclosure committees provide higher quality non-GAAP performance metrics and that the exclusions used to calculate their non-GAAP numbers are less persistent for future...

Institutional investors have limited resources dedicated to engagement activities, yet, in manycases they hold thousands of stocks in their portfolios. We exploit the introduction of the tieringclassification system by the Financial Reporting Council (FRC) in 2016 for signatories reportingunder...

Companies in Europe and the US are required to explain the significant risk factors they face in their annual reports. Prior studies provide mixed evidence of the informativeness of such textual risk disclosures, suggesting that these disclosures are an amalgam of both boilerplate and...

In financial communications, managers frequently attempt to persuade investors and other market participants to interpret information in a particular way. While research in accounting has examined characteristics that make a disclosure persuasive to investors, few papers examine whether and how...

In 2016, the U.K. government passed a new regulation requiring large businesses to publicly disclose their tax strategy. The regulator expects these mandatory, qualitative tax disclosures to attract public scrutiny on firms’ tax practices, which would in turn pressure firms to reduce tax...

Climate change brings both risks and opportunities to businesses and the economy. To effectively identify these risks and opportunities, climate-related disclosure is increasingly being used to provide accurate climate-related information on business entities' activities and plans. In response...