As a result of a 2003 SEC regulation intended to increase the transparency of firms' off-balance sheet obligations, tabular data on purchase obligations became available in the MD&A section of firms' 10-Ks. We develop a program to read the text of these disclosures and we create a database to...

Prior studies show that net stock issuance is negatively associated with the cross section of future stock returns, reflecting a market anomaly. Our study provides empirical evidence on whether cash flow can mitigate such anomaly. Consistent with prior research, we initially provide evidence of...

We examine whether gender diverse boards prioritize product market concerns over capital market incentives when proprietary cost is high. Using a matched sample of the United States (US) listed companies and difference-in-differences research designs, we find that firms with gender diverse board...

We examine investors’ reaction to the announcement and legislation of consumer data right (CDR) for the energy sector in Australia. We find the following results: First, the introduction of CDR in energy has a significant negative effect on abnormal stock returns of firms in the energy sector....

We show that female directors are associated with higher equity undervaluation after controlling for the effects of female managers, firm performance, corporate governance, risk, dispersion in analysts’ earnings forecasts, firm size, stock price informativeness and earnings quality. This...

The paper investigates the impact of shareholder concentration on earnings management. The data is obtained from the annual reports of companies listed on the South Pacific Stock Exchange to empirically test for the relationship between shareholder concentration and absolute discretionary...