We investigate whether managers cater to different incentives of shareholders and debtholders by choosing priorities among alternative earnings targets. Building upon an economic intuition that managers selectively allocate resources to meet the needs of a dominant stakeholder class, we posit...

This paper makes two novel contributions to ranking accounting research programs constructed from publication counts in top journals (AOS, Auditing, BRIA, CAR, JAE, JAR, JATA, JIS, JMAR, RAST, and TAR). In contrast to previous studies, we recognize the mobility of intellectual assets tied to the...

This paper investigates the role of the business press in creating and disseminating information around earnings announcements by examining different motivations of trading volume. We find that press coverage is positively associated with trading activity motivated by differential interpretation...