<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>In this paper we examine the effect of managerial ownership on financial reporting conservatism. Separation of ownership and control gives rise to agency problems between managers and shareholders. Financial reporting conservatism is one potential mechanism to address these agency...

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This paper investigates how firms react strategically to investor sentiment via their disclosure policies in an attempt to influence the sentiment-induced biases in expectations. Proxying for sentiment using the Michigan Consumer Confidence Index, we show that during low-sentiment...

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We examine the accrual choices of outsourcing firms with links to U.S. congressional candidates during the 2004 elections, when corporate outsourcing was a major campaign issue. We find that politically connected firms with more extensive outsourcing activities have more...