Purpose The purpose of this paper is to investigate whether formally disclosing an earnings before interests, taxes, depreciation, and amortization (EBITDA) number reduces the information asymmetry between managers and investors beyond the release of GAAP earnings. The paper also assess if...

Purpose – The purpose of this paper is to study the impact of intra‐industry conformity tendencies on dividend policy among a large sample of US firms. Design/methodology/approach – The paper explores mimetic influences on dividend policy. Consistent with prior institutional research, the...

Purpose – The purpose of this paper is to study the impact of intra-industry conformity tendencies on dividend policy among a large sample of US firms. Design/methodology/approach – The paper explores mimetic influences on dividend policy. Consistent with prior institutional research, the...

Purpose: This study examines the long-term link between fair valuation uncertainty and discounts/premia in closed-end funds. This study argues that, in exploring the close-end funds puzzle, prior research generally omits to consider the uncertainty surrounding the measurement of funds'...