We utilize the staggered adoption of the Inevitable Disclosure Doctrine (IDD) by U.S. state courts as an exogenous shock to the proprietary costs of disclosure and study the impact of the IDD on corporate financial reporting policy. We find compelling evidence that firms headquartered in states...

Based on the conventional ground observational data, a numerical simulation and moist potential vorticity (MPV) analysis has been carried on heavy rainfall event over Jiangxi province from 19 June to 20 June 2010, with a meso-scale rainstorm model. The results show that this rare rainstorm is a...

This paper investigates minimization of both the makespan and delivery costs in on-line supply chain scheduling for single-machine and parallel-machine configurations in a transportation system with a single customer. The jobs are released as they arrive, which implies that no information on...

This paper considers the robust equilibrium reinsurance and investment strategies for an ambiguity-averse insurer under a dynamic mean-variance criterion. The insurer is allowed to purchase excess-of-loss reinsurance and invest in a financial market consisting of a risk-free asset and a credit...

We utilize the exogenous intertemporal variation in employment protection across countries and study the impact of employment protection on international equity markets. We find robust evidence that firms located in countries with weak labor protection regulation exhibit a low level of stock...

Recently, Li (2009) reports that an auditor’s going-concern decision is unaffected by pressure from her economically important clients in 2001, but is positively affected in 2003. Li attributes these findings to enhanced auditor independence under the Sarbanes-Oxley Act (SOX) of 2002. However,...