This study examines whether auditors incorporate information contained in their clients’ stock prices when auditing the clients’ financial reports. We find that audit adjustments are significantly associated with the misalignment between clients’ annual stock returns and pre-audited...

This paper examines the association between chief executive officers’ (CEOs’) prosocial tendency and their companies’ accounting information quality. We measure CEOs’ prosocial tendency using their involvement with charitable organizations. Our results suggest that prosocial CEOs are...

The primary objective of this study is to examine the association between the quality of mandatory earnings forecast, measured by forecast accuracy and bias, and the ownership structure of Taiwanese firms, measured by the divergence between the ultimate owner's control and the equity ownership...

This paper examines the associations of Chief Executive Officers’ (CEOs’) prosocial behavior with their career paths and corporate policies. Using individuals’ involvement with charitable organizations as a proxy for prosocial behavior, we find that prosocial individuals are promoted to...

This paper examines the association between managers’ incorporation of consumer sentiment news in their forecasts and firm performance. We find that firms with revenue forecasts that incorporate U.S. consumer sentiment news to a smaller extent perform worse subsequently. The association is...

This study examines how industry peers share information when they are engaged in tacit collusion. We develop a model of firms' information sharing and production decisions and use it to establish that firms engaged in tacit collusion are more likely to share information when current market...