This study provides a more in-depth comparison of the information content of US and Danish earnings than has previously been done. Alford et al. (1993) is essentially the only prior study which has compared the information content of US and Danish earnings. They find that US earnings are...

We examine what determines executive compensation in privately held firms. Our study is motivated by the fact that most studies in this area rely on data from publicly traded firms. Further, the few studies that are based on data from privately held firms only examine a limited number of...

This paper examines whether the level of voluntary disclosure affects the association between current returns and future earnings. Economic theory suggests that firms might find it advantageous to provide additional pieces of information (i.e. voluntary disclosure) to investors and analysts. Our...