Purpose –The paper aims to examine whether or not firms voluntarily filing in XBRL (eXtensible Business Reporting Language) format enjoy a lower cost of capital. XBRL, or “interactive data” as the US Securities and Exchange Commission refers to it, is an information format that enables...

I investigate the demand for and benefits of private company audits. Agency theory predicts audits are demanded as a monitoring mechanism. I consider two sources of this demand - external stakeholders and management - and related benefits. First, audits may be used to reduce agency costs...

We examine related party (RP) transactions using agency and contracting theory as guides. Agency theory suggests opportunistic behavior can generate RP transactions; however, RP transactions can also result from or be managed via contracting. We therefore investigate associations between RP...

We investigate the association of concurrent conference calls with the previously documented over-time increase in information content of earnings announcements. Conference calls are typically held on the same day as an earnings announcement and provide a source of competing information. We...

This paper examines the impact of bank unrecorded intangible assets on equity valuation in the context of abnormal earnings and the residual income model (quot;RIMquot;). We hypothesize that the level of unrecorded intangible assets affects the implementation of the RIM and we document a...

We investigate future profitability, operating cash flows, and value relevance of offshoring arrangements in the technology sector. Offshoring is the business practice of moving portions of a firm's business operations (and jobs) to another country usually to take advantage of lower labor costs...

This paper provides evidence that regulatory contracts affect firms' accounting choices and risk management decisions. Specifically, we investigate whether an exogenous shock to regulatory risk induced by Statement of Financial Accounting Standards No. 115 quot;Accounting for Certain Investments...

We investigate the initial adoption of Statement of Financial Accounting Standards no. 142, Goodwill and Other Intangible Assets, (SFAS 142). Using a sample of firms reporting goodwill at yearend 2001, we provide evidence on the timeliness and value relevance of the reported goodwill and...