Prior studies provide only limited evidence on how and why investors rely on analyst forecasts. We investigate one aspect of this research paradigm by examining investor response to analyst forecast revisions using accounting restatements as a proxy for uncertainty. We find that investors tend...

While theory suggests that dividends can be an important signal for firm performance, prior studies have been unable to provide strong evidence of dividend signaling among publicly listed U.S. companies. One potential explanation for this inconsistency between theory and empirical evidence is...

This study examines the impacts of the General Equivalency Diploma (GED) certificate and other secondary and post-secondary credentials on labor market outcomes for women. It uses data from the NLSY Mother and Children file and the Washington State Family Income Study (FIS). Correcting for...