The commentaries in this forum on Big Data confront one of our profession's most pressing challenges. How should we respond to Big Data? Big Data and business analytics now permeate almost all aspects of major companies' decision making and business strategies. A large U.S. company, for example,...

We study the effect of a mandatory improvement in public disclosure due to the adoption of International Financial Reporting Standards (IFRS) on the stock return predictability of shorting activity. To assess the impact of the disclosure shock, we measure monthly changes in the demand for and...