In this paper, we provide a broad analysis of the performance of organ procurement organizations (OPOs) in the United States and investigate factors affecting the number and quality of procured organs. Using comprehensive data from 51 OPOs’ annual cost reports from 2015 to 2020, we find wide...

In this paper, we provide a broad analysis of the performance of organ procurement organizations (OPOs) in the United States and investigate factors affecting the number and quality of procured organs. Using comprehensive data from 51 OPOs’ annual cost reports from 2015 to 2020, we find wide...

In this paper, I examine the impact of ambiguity (Knightian uncertainty), alongside that of risk, on firms’ voluntary disclosure decisions. I confirm the well-known result that an increase in risk— uncertainty over outcomes—is associated with an increase in management guidance (earnings...

We explore the role of foreign directors in mitigating the effects of supply chain disruptions caused by economic policy uncertainty (EPU) spikes in their home countries. Using a large sample of global supply chain relationships of US manufacturing firms, we show that the likelihood of a US...

Extant theories suggest that managers may use hedging either to alleviate underinvestment problems caused by costly external financing or to promote overinvestment by circumventing the scrutiny of external capital markets. We empirically investigate this issue using a hand-collected dataset of...

Although the arrival of investment opportunities increases the demand for information, it is also likely to exacerbate disclosure costs. This study examines the relationship between the arrival of investment opportunities and firm disclosures in the context of Medicare national coverage...

Labor unemployment insurance reduces unemployment concerns. We argue that these benefitsmoderate incentives to smooth earnings to reduce employees' concerns about unemployment risk.Using exogenous variations in unemployment insurance benefits, we find evidence consistent withthis argument. We...

This paper examines the notion of strategic ignorance in an earnings management context. Managers possess less information about loans subjected to securitization and auditors are aware of this shortcoming. Consistent with managers exploiting their own ignorance strategically and using loan loss...

GASB Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, (GASB 53) significantly altered U.S. governmental sector accounting of derivative instruments by mandating the recognition of hitherto off-balance sheet derivative instruments in the government-wide statement...

Studies suggest that, pursuant to the implementation of SFAS 133, even sophisticated users of financial statements find it difficult to comprehend earnings implications of hedging derivatives. Moreover, due to stringent hedge accounting requirements under these standards, many economic hedges do...