the level of annual report disclosure; and between forecast accuracy and the degree of enforcement of accounting standards …. I document that firm-level disclosures are positively related to forecast accuracy, suggesting that such disclosures … associated with higher forecast accuracy. This finding is consistent with the hypothesis that enforcement encourages managers to …

-level variables, I find that the level of accounting policy disclosure is significantly negatively related to forecast dispersion and … forecast error. In particular, I find that accounting policy disclosures are incrementally useful to analysts over and above …

-shaped relationship with clarity if competition among traders is intense. Volume and liquidity both decrease in accuracy due to adverse … increasing in accuracy. Trading profits mimic the patterns of attention, but only under intense competition. Overall, our results …

measures how well traders understand the disclosure. Increasing clarity promotes competition among informed traders more so … competition among traders is intense. Volume and liquidity both decrease in accuracy due to adverse selection among different …. Trading profits mimic the patterns of attention, but only under intense competition. Overall, our results suggest that the …

We investigate how the interaction between product market competition and firm-level corporate governance enhances the …