Economic theory suggests that demand uncertainty should influence producer behavior. In this study, we empirically examine the impact of demand uncertainty on the production of audit services. Auditors must make resource allocation decisions in advance of exact demand being known, and because a...

This paper examines whether financial analysts' presence compels managers to recognize a goodwill impairment. Analysts could impact managers' impairment decisions in at least two ways: (1) by improving the information environment through an independent analysis of firm performance (i.e., an...