(ERC), increases when investors' uncertainty about the manager's reporting objectives decreases, as predicted in Fischer … investors' uncertainty about managers' incentives and reporting objectives. Employing a difference-in-differences design and …

filings. By viewing such risk factor disclosures (RFDs) as an integral part of financial reporting and disclosure, I … hypothesize that RFDs likely affect firms' financial reporting choice in accounting conservatism in two ways, the substitutive … more conservative reporting. My results are consistent with the substitutive effect, as firms report less conservatively …

I argue that external financial reporting quality has at best a 2nd order effect on firm value of U.S. publicly traded … companies and that attempts to improve a firm's external reporting quality has a 3rd order effect on these firms' value …. Recognizing that external financial reporting quality is at best a 2nd order effect on firm value imposes an important external …

reporting externally when red flags are present. Additional analyses document reporting differences between CFOs and controllers …

Purpose: Based on signal theory and legitimacy theory, this paper examines whether firms with financial reporting … misstatements (restatements) would prefer conservative financial reporting to send signals regarding their determinants of improving … financial reporting credibility and legitimate organizational image in Taiwan. This paper further examines whether these firms …