Firms widely use graphs in their financial reports. In this respect, prior research demonstrates that companies use graphs to provide a favorable outlook of performance, suggesting that they try to manage the impression created in users' perceptions. This study tests whether by means of...

After adoption of International Financial Reporting Standards (IFRS) for consolidated financial statements by European-listed companies, a number of European countries still require the use of local standards in the preparation of legal entity financial statements. This study investigates...

We analyze how, in the absence of capital market incentives, the influence of existing competition on voluntary disclosure is an evolving process which has a non-monotonic design. The progressive capability of rivals to forecast significant information and the increasing losses of abnormal...