This study investigates the use of discretion by oil and gas companies in reporting financial performance and oil and gas reserve estimates during times of high political scrutiny resulting from increases in energy prices. Hypotheses tested in prior literature state that companies facing the...

Prior literature suggests two competing theories regarding the role of venture capitalists (VCs) in their portfolio companies. The VC monitoring hypothesis argues that VCs effectively resolve the managerial agency problem through close monitoring and restraining managers' earnings management...

This study assesses the validity of widespread criticisms of the large, nationally recognized credit rating agencies (CRAs). The criticisms focus on these CRAs' (1) disclosure practices (such as related to the assumptions underlying their ratings decisions); (2) potential conflicts of interest;...

This study assesses the validity of widespread criticisms of the large, quot;nationally recognizedquot; credit rating agencies (CRAs). The accounting scandals of 2000-2002, in particular the highly publicized failure of Enron in December, 2001, led many to question their competence and the value...

This study examines the global disclosure practices of U.S. companies that list equities in overseas markets. We focus on two questions: First how (if at all) do the frequency mix and timing of a firm's disclosures change in an overseas market when the firm lists equity in that market? Second...

This study examines disclosure choices of 81 stressed U.K. firms where stress is represented by the first-time receipt of a modified audit report during 1982-1990. I analyze the general premise that managers of these stressed firms adopt disclosure policies designed to reduce manager'...