This article studies trade-offs between a corporation's liquidity and profitability. We sequentially test for a linear relationship using several traditional profitability and liquidity measures such as return on asset, return on equity, return on capital employed, current ratio, quick ratio,...

We examine how information disclosures from private firms affect analysts’ public firm earnings forecasts. On one hand, private firm disclosures allow analysts to better understand industry-wide business conditions, enabling them to forecast the peer public firm earnings more accurately. On...