A recently published academic study by Causholli, Chambers, and Payne (2014) brings new evidence to a long-standing debate about whether the provision of non-audit services (NAS) can impair auditor independence. Prior research on this question has largely found no evidence of lower financial...

We investigate the association between passive investment and share repurchases, both at historically high levels and the subject of scrutiny. We argue passive investors offer little monitoring over managerial actions such as repurchase activities, so managers of firms with high levels of...

In this study we examine whether the reported performance of one firm affects the discretionary reporting behavior of another firm. We do this by identifying the leader within each industry, defined as the first large announcing firm. We find that the discretionary performance of followers...