Prior research suggests that firms in bilateral relationships have incentives to use accounting information to enhance stakeholders' assessment of the firms' reputation for fulfilling implicit claims. Using a database of firms' major customers, we provide evidence that principal customers...

The purpose in this study is to constitute and test a framework of factors that might impact auditors' perceptions on tasks towards internet reporting. The study employs a questionnaire to practicing auditors from audit firms in Egypt in the year 2007 to examine auditors' perceptions on tasks...

Intangibles are ideas or knowledge about the natural (physical and biological) and socio-cultural worlds that enable people to better accomplish their goals, both in primitive societies and in modern economies. Intangibles include basic research and technology improvements as well as knowledge...

We empirically study how collusion in product markets affects firms' financial disclosure strategies. We find that after a rise in cartel enforcement, U.S. firms start sharing more detailed information in their financial disclosure about their customers, contracts, and products. This new...

Most studies of voluntary disclosure examine the securities market, where voluntary disclosure is incremental to the requirements of highly developed reporting standards. In this paper, I examine the market for new franchises, where there is no requirement that potential franchise investors be...

This study synthesizes and extends the prior literature examining economic motives for manager's accounting method choices. First, we present a framework for organizing the economic factors that potentially influence managers' accounting decisions. We apply our framework to examine inventory and...

Accounting information was often used to determine the effect of quality management initiatives. Relation between quality management and financial performance of the companies was extensively explored but with the conflicting results. The most recent studies introduced intermediary factors...

We exploit the introduction of a "risks and challenges" (RC) section on the crowdfunding website Kickstarter.com to study the role of disclosure in markets characterized by severe information asymmetries and agency frictions. Although the RC section contains voluntary and unaudited disclosures,...

Prior literature suggests changes in financial reporting improve investment decisions and forwards two non-exclusive mechanisms. First, financial reporting quality (FRQ) can lead to increased investment efficiency by lowering external information asymmetry. Second, changes in financial reporting...

We employ a sharp regression discontinuity design to identify the causal effects of investor base disclosure on funding success and post-funding outcomes. Starting from February 2016, Kickstarter discloses backer statistics including geographic locations and previous funding experience of the...