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The Journal of Accounting and Economics is a peer-reviewed academic journal focusing on the fields of accounting and economics.
SIMILAR ARTICLES
Highlights • Material weaknesses in ICFR are associated with investment inefficiency. • After the disclosure of ICFR weaknesses, the investment ineff
Read MoreHighlights • Ceteris paribus, information asymmetry leads to shorter duration supply contracts. • Ceteris paribus, the exchange of RSIs leads to long
Read MoreHighlights • The study shows that, on average, individuals invest more in firms with clear and concise financial disclosures. • Relation is less pron
Read MoreHighlights • We propose a stochastic model of reported earnings that links misreporting to performance shocks. • We estimate misreporting intensity a
Read MoreHighlights • Firm managers opportunistically define non-GAAP earnings to meet or beat analyst expectations. • Managers exclude expenses from non-GAAP
Read MoreHighlights • Estimate an “expected” credit rating for a given firm in a given year. • Measure the firms' deviations from their expected ratings. •
Read MoreHighlights • Prior studies document that trade specification using the Lee and Ready (1991) algorithm is far from accurate. • Using a unique datas
Read MoreHighlights • Firms are typically viewed as reluctant to disclose when doing so invites entry. • Suppliers now can reach customers directly and throu
Read MoreHighlights • We study how industry leaders' falsified financial reports affect peers' investments. • Peer firms' investments increase with leaders'
Read MoreHighlights • Our study is the first to establish a significant negative relation between earnings transparency and cost of capital. • Our transpar
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