We investigate the narratives accompanying earnings announcements made by industry-leading companies (leaders) to determine whether there are information transfers for narratives in the same way there are for earnings announcements. For a group of industry-leading firms with quarterly losses, we...

This paper examines the role of information spillovers within analysts’ portfolio in improving analyst forecast accuracy. We show a positive intra-portfolio information spillover effect, that is, the management earnings forecasts issued by large firms can reduce analysts forecast errors on the...

Our study addresses whether integrated report quality, IRQ, is positively associated with greater price informativeness and the extent to which the greater price informativeness is diminished when firms have higher proprietary costs of disclosure. In integrated reports, firms integrate financial...