We analyze both the determinants and the consequences of corporate social responsibility (CSR) involvement, in a setting where CSR spending is mandatory. Using hand-collected data from Indian firms, after the implementation of a new rule, we answer the call for scholarly attention on CSR in...

We use hand-collected data for a sample of large European firms to investigate the influence of countries' institutional and economic factors on managers' non-GAAP disclosures. We find that managers are more likely to use non-GAAP measures to meet or beat earnings benchmarks that GAAP earnings...

The recent increase in the usefulness of earnings announcements is associated with the disclosure of income statements (Francis et al., 2002) and non-GAAP financial measures (Collins et al., 2005). This paper extends these results by investigating the disclosure and informativeness of non-GAAP...

The purpose of this paper is to synthesize insights from existing research on the disclosure of non-GAAP earnings, from an international point of view, and suggest several avenues for future research in this area. The paper also examines how different regulators and accounting standard setters...

In this article we study the determinants of (i) audit services' public procurement criteria, and (ii) the audit fees of Portuguese municipalities. Our dataset is unique, resulting from merging new survey data with data that is not usually publicly available. We find that the majority of...

Corporate social responsibility (CSR) disclosures are becoming more prevalent among firms. We investigate the predisposition of firms to disclose CSR information and find that firms are likely to disclose more in countries with: better investor protection, higher levels of democracy, more...

We study the market's reaction to the disclosure of non-GAAP earnings measures that are combined with high impression management. We construct an impression management score that captures several communication techniques that managers often use to positively bias investors' perceptions of firm's...

We study the market's reaction to the disclosure of non-GAAP earnings measures that are combined with high impression management. We construct an impression management score that captures several communication techniques that managers often use to positively bias investors' perceptions of firm's...

This paper investigates the association between corporate governance and the disclosure of non-GAAP earnings measures in quarterly earnings announcements. The results reveal that the previously documented decrease in the probability of disclosure of non-GAAP earnings after Regulation G is lower...

We study the different levels of corporate social responsibility (CSR) disclosures of the largest European firms. We find that firms are more predisposed to disclose more CSR information in countries with: better investor protection, higher levels of democracy, more effective government...