Our study examines the relationship between executive pay disparity and firms’ financial reporting behavior. Tournament theory suggests that compensation differences between the CEO and other top management team executives can promote greater performance and reduce CEO entrenchment. We posit...

I investigate how the use of extended tags in eXtensible Business Reporting Language (XBRL) filings is associated with financial analysts' forecast error and dispersion. The SEC allows firms to provide customize tags in their XBRL filings which, on the one hand, may allow firms to customize...

We examine the differential effects of income smoothness on value-relevance of current future earnings (termed as earnings response coefficient, ERC, and future earnings response coefficient, FERC, respectively) as affected by different information environments. In theory, if reported earnings...

We investigate the association between earnings quality and price synchronicity. Price synchronicity captures the extent to which a firm's returns are explained by market and industry returns, implying that low price synchronicity could be a result of less industry-wide information impounded...

This paper investigates the decline in audit quality during an audit firm’s tenure across countries with varying degrees of legal liability. We propose that audit quality can increase through a learning effect in early years but in later years it is likely to decrease due to a bonding effect....