This paper investigates the effect of U.S. firms' geographical location, whether urban or rural, on their corporate disclosure policies. For a comprehensive sample of U.S. firms for the years 1988 to 2004, I find that the quality of reported earnings is better for rural firms as compared to...

We bring together two streams of research: one on earnings management and the other on convertible bond arbitrage. In doing so, we bring new insights on why convertible bond hedge funds benefit from convertible bond arbitrage. Specifically, we find that firms managing their earnings prior to...