This study provides an explanation for the 'exchange effect' puzzle documented in prior accounting research. Grant (1980) finds that the magnitude of earnings announcement week abnormal returns is higher, on average, for firms traded over-the-counter than for NYSE firms. Atiase (1987) shows that...

This study provides an explanation for the quot;exchange effectquot; puzzle documented in prior accounting research. Grant (1980) finds that the magnitude of earnings announcement week abnormal returns is higher, on average, for firms traded over-the-counter than for NYSE firms. Atiase (1987)...

This study provides evidence that accounting researchers have not fully appreciated the sensitivity of empirical results to (necessarily) subjective research design choices, and that this failure has led to the subsequent overgeneralization of early evidence. Specifically, we trace the evolution...

This study provides evidence that accounting researchers have not fully appreciated the sensitivity of empirical results to (necessarily) subjective research design choices, and that this failure has led to the subsequent overgeneralization of early evidence. Specifically, we trace the evolution...

We provide archival evidence on how a particular type of supplementary information affects the credibility of management earnings forecasts. Managers often provide detailed forecasts of specific income statement line items to shed light on how they plan to achieve their bottom-line earnings...