The decision-usefulness of the direct versus indirect presentation method of a cash flow statement has been a long-standing issue both in practice and accounting research. By capitalizing on comparative advantages of experimental methods, we provide insights into how investors process the...

Two aspects of critical audit matter (CAM) disclosure relate to the nature of the disclosed CAM, including whether it is related to complexity or uncertainty, and whether an indication of the outcome of audit procedures taken to address the CAM is included in the disclosure. In this study, we...

This study examines the impact of annual report disclosures on analysts? forecasts for a sample of firms listed on the Stock Exchange of Singapore (SES). We examine the relation between the level of corporate disclosure and accuracy of analysts? earnings forecasts, dispersion in analysts?...

This article investigates the impact of fundamentals of initial public offering (IPO) firms on two categories of investors, large and small investors. In the decision to purchase IPOs, the demand by large investors is positively associated with earnings yield, firm size and underpricing, and...

Prior international studies that investigate the relative usefulness of accounting information have focused either on the incremental information content of earnings reconciliation, or the relative information content of accounting numbers across countries. Using a sample of 13 countries, this...