Extant research on voluntary disclosure about future prospects has focused on two forward-looking disclosure mechanisms: management forecasts and conference calls. This study examines the accelerated filing of material contracts as another type of future-related disclosure that involves no...

Using data from the EDGAR era, we find a significant market reaction surrounding quarterly periodic reports only when their filing coincides with the first public disclosure of earnings, although that for 10-K reports is not subsumed by earnings releases. However, after eliminating incidence of...

This study tests the hypothesis that founder CEOs are less likely to be fired than non-founder CEOs when accounting irregularities are disclosed. We also examine whether CFOs are more likely to shoulder the blame when the CEO is a founder. Using a sample of ninety newly public firms with...

This paper examines the source of the documented empirical link between measures of accruals quality and a firm's cost of capital. First, we argue that when regressions include accruals quality and operating volatility as determinants, these highly correlated measures capture different...

This paper explores the notion that the firm's life cycle is an omitted variable in commonly used discretionary accrual models. I first document a mean positive (negative) bias in discretionary accruals for firms in the growth (decline) stage of their life cycle. To illustrate how the bias can...

This paper estimates market integration between the Finnish and German pork and beef markets. An econometric error correction model that allows for threshold effects and asymmetric price response is estimated. The data are weekly price observations during the period of 1995-2004. Each price...

We developed a dynamic farm level economic model of crop rotations including nitrogen fertilization, fungicide treatment and liming as adaption practices. Simulations were run at different price and disease scenarios over 30 years. Farmer maximizes present discounted value of futures stream of...

The last twenty years has witnessed substantial changes in retailing across most European countries. Private labels (PL) has become increasingly important strategic tool for European retailers to gain market share, loyalty of customers and reinforce the bargaining power toward suppliers and...