We investigate managers' decisions to supplement their firms' management earnings forecasts. We classify these supplementary disclosures as qualitative "soft talk" disclosures or verifiable forward-looking statements. We find that managers provide soft talk disclosures with similar frequency for...

This paper investigates the press's role as a monitor or "watchdog" for accounting fraud. I find that the press fulfills this role by rebroadcasting information from other information intermediaries (analysts, auditors, and lawsuits) and by undertaking original investigation and analysis....

This paper examines the relation between accounting choice and U.S. institutional investor ownership in non-U.S. firms. We predict that U.S. investors exhibit home bias in their preference for accounting methods conforming to U.S. Generally Accepted Accounting Principles (GAAP) because such...