Prior research has examined how investors view asset securitizations, and shows that investors treat securitizations as borrowings, even when GAAP treats them as sales. Upon the adoption of two new accounting standards relating to securitizations, some off-balance-sheet securitized assets were...

In this study, we find that relative to firms with less media coverage, stock price sensitivity to positive (negative) earnings surprises in earnings announcements of firms with greater media coverage is stronger (weaker). This asymmetry in the effect of media coverage on stock price sensitivity...

An established succession planning program for the identification and grooming of its next leader helps maintain the continuity of firm strategy and leadership style, which influences longterm firm performance and viability. Disclosure of succession planning information may alleviate investors'...

We examine the effect of voluntary adoption of clawback provisions on non-GAAP earnings disclosures. Prior literature documents that voluntary clawback adoption improves financial reporting quality by increasing the costs of misstating GAAP earnings. However, managers may respond to perceptions...

This study examines the effect of individual auditor quality (below the partner level) on overall audit quality. We aggregate audit employee-level performance evaluations to create a measure of auditor quality at the office level. We find that high quality audit offices are associated with a...

The newspaper industry has struggled in recent decades, as readers and marketing revenue have migrated to digital outlets. Facing these pressures, many US newspapers have downsized or closed completely. We examine changes in firm behavior after they experience a shock to the local newspaper...

We use payroll data from a Big 4 accounting firm to examine the starting wage differentials for H-1B visa holders. Prior research in other industries has found both positive and negative differentials, but primarily relies on surveyed salary data. We observe that relative to U.S. citizen new...

Using a novel measure calculated using the number of websites returned from a Google search of a firm's ticker, I examine the impact of changes in data availability on the incorporation of earnings news into stock prices. I find that larger increases in data availability are negatively...

We document that managers have a propensity to disproportionately report total revenue numbers just above base-ten thresholds (e.g., ten million, thirty million, one billion). Further tests investigate whether managers are motivated to beat these thresholds because of pressure to beat revenue...