This paper studies the accounting treatment of uncertainty and how it affects a firm's capital structure. We distinguish two sources of uncertainty that raise reliability concerns: inherent uncertainty and incentive uncertainty. By inherent uncertainty, we refer to uncertainty about the quality...

This paper analyzes the role of heterogeneity and forward-lookingexpectations in the diffusion of network technologies. Using a detaileddataset on the adoption of a new videoconferencing technology within afirm, we estimate a structural model of technology adoption andcommunications choice. We...