<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This paper studies the allocational effects associated with the precision of accounting estimates when the precision of estimates is a choice variable for firms. One part of the paper considers the effects of the observability of precision choices. We show that, generally, making...

This paper studies how an accountant's method of aggregating information in a financial report is affected by differences in the reliability and relevance of components of the report. We study a firm that hires an accountant to produce a report that reveals information to investors regarding the...

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This paper studies managers' preferences among information acquisition and disclosure policies when their firms are required to engage in "real-time" or "continuous" financial reporting. The paper predicts that for many, but not all, processes describing the distribution of their firms'...

We present data on privacy practices in e-commerce under the European Union's formal regulatory regime prevailing in the United Kingdom and compare it with the data from a previous study of U.S. practices that evolved in the absence of government laws or enforcement. The codification by the E.U....

Government regulation of financial reporting by publicly listed firms, coupled with a punitive regime for violation of generally accepted accounting principles (GAAP), has been in place in the United States for seven decades. Whether this regime is effective or useful is an open question,...