Using Corporate Social Responsibility (CSR) performance scores from KLD STAT, we
investigate whether CSR performance affects information asymmetry. We find that both positive …

This paper documents that the weighting of analysts' annual earnings forecasts implicit in
security prices is lower than the historical relation between financial analysts' forecasts and …

This study provides evidence on relative magnitudes of factors that appear to drive 10-K length.
We employ statistical analysis and text analysis software to partition 10-K length into the …

Empirical research to date on the relative effectiveness of Economic Value Added (EVA)
and earnings per share (EPS) as measures of firm performance for stock valuation has been …

This study evaluates the relation between security returns and funds-based earnings
components. We document that proxies for market expectations of the components that are based …

This paper reassesses evidence of anticipatory income smoothing reported in DeFond and
Park (DP) (J. Accounting Econom. 23 (1997) 115) in light of knowledge about measurement …

This paper examines whether financial analysts’ forecasts of annual earnings reflect an over-weighting
of working-capital accruals that is comparable to the over-weighting implicit in …

Standard setters and investors have expressed concern about the substantial amount of
repetition of information found within firms' 10-K disclosures. Ostensibly, such repetition is the …

We investigate how international operations affected firm value during the early 1990s. We
also investigate whether the disclosures of foreign operations in specific geographic regions …

This study reevaluates the securities market's differential pricing of the operating cash flow,
current accrual (noncash working capital), and non-current accrual components of earnings. …