Recently, the SEC's Division of Corporation Finance (CorpFin) has added an additional guidance to its Financial Reporting Manual (FRM) with respect to the disclosure for goodwill. For firms at a risk of failing the step one of goodwill impairment test, this guidance recommends that firms...

This paper examines the information content of mandatory financial statement disclosures related to goodwill impairment testing after the implementation of the Statement of Financial Accounting Standards (SFAS) 142. I hand-collect a sample of triggering events and related details that firms...

This paper analyzes in a spatial framework how much information a seller discloses about the variety he sells when he faces a buyer with a privately known taste for variety. I identify an equilibrium in which, for each possible variety, the seller's optimal strategy consists of either fully...