We show that firms strategically alter their disclosure strategy when investors' access to information via search engines is interrupted. We conduct a textual analysis and exploit an exogenous event—Google's 2010 surprising withdrawal from mainland China, which significantly hampered domestic...

A field of research that attracts increasing attention from scholars is the impact of the information environment on corporate innovation. In this article, I review the research from three points of view in relation to the information environment: (i) managers' voluntary disclosure, (ii)...

This paper presents new evidence on international financial market integration using stock analyst earnings forecasts from 37 countries. By examining cash flow and discount rate news co-movements, we find that the financial and economic aspects of global market integration have diverged over...