Purpose: This paper aims to examine the relation between voluntary disclosure (VD) in audit committee reports and banks’ earnings management. It investigates whether such disclosure reflects an attempt by audit committees to engage in impression management. Design/methodology/approach: The...

A product harm crisis (PHC) undermines a firm’s reputation as well as its managers’ career outlook. Managers usually face an ethical dilemma during a PHC as they choose to be transparent about the crisis’ financial implications or to obfuscate them to neutralize the negative impact of the...

This study investigates whether U.S. multinational firms with subsidiaries located in offshore financial centers (OFCs) (i.e., offshore firms) are more likely to be opaque in their voluntary disclosure relative to U.S. multinationals without such subsidiaries (non-offshore firms). We use...