In this paper, we examine the controversy surrounding the Xilinx case and the question as to whether stock option costs are appropriately included in cost sharing agreements. Although the revised Ninth Circuit decision now affirms the findings of the Tax Court that stock options should not be...

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...