We investigate the impact of peer pressure on the characteristics of forward-looking disclosures. We identify plausibly exogenous variation in the amount of peer firm forecast news available when a focal firm issues its own forecast by employing a sample of firms that issue forecasts in...

The consumer-litigation-funding market has bloomed in the last decade and garnered significant attention from attorneys, judges, policymakers, and legal scholars. Commentators disagree on whether consumer litigation funding disincentivizes settlement. When discussing the effect of this funding...

We study how forcing financially distressed consumer debtors to repay a larger fraction of debt can lead them to misreport data fraudulently. Using a plausibly exogenous policy change that required debtors to increase repayment to creditors, we document that debtors manipulated data to avoid...