Using the earnings disaggregation model in Jackson, Plumlee and Rountree (2018), we investigate investors’ incorporation of the market, industry and firm-idiosyncratic components of earnings in their stock pricing decisions. We find results consistent with Jackson et al. (2018), showing the...

This study investigates the effect on stock return volatility of a significant event in the life of a firm, a change in its CEO. Citing weaknesses in the prior literature, we bring a new approach to re-examine the issue. First, we use a relatively unbiased classification system using both...

Purpose – The purpose of this paper is to investigate the effect that a regime of mandatory audit firm rotation would have on audit quality. Design/methodology/approach – Using two measures of audit quality, being the propensity to issue a going‐concern report and the level of...