By employing two alternative measures of fundamental value, we re-examine the value relevance of accounting information over time. Consistent with some recent studies (e.g. Dontoh et al. 2007), we do not find evidence on the temporal decline in R-squares of conventional value-relevance...

This study examines the effect of analysts' activities after earnings announcements on the magnitude of the post-earnings-announcement drift. Using the level of private information precision in analysts' earnings forecasts after earnings announcement derived from Barron, Kim, Lim and Stevens...

Using a propensity-score matched sample and a difference-in-differences research design, we find that stock price crash risk increases after a firm voluntarily incorporates clawback provisions in executive officers' compensation contracts. This heightened crash risk is concentrated in adopters...