This paper examines how one aspect of earnings quality - discretionary accruals - affects subsequent capital investment pattern and efficiency. We find that, conditional on investment opportunities, investment in fixed assets in period t is less sensitive to internal cash flows for firms with...

This study examines whether disclosure frequency induced myopia influences the types of firms that go public and their choice of listing exchanges if they decide to do so. We find that the incentive to stay private in order to avoid disclosure frequency induced myopia creates a downward kink in...

This paper examines whether third-party-generated product information on Twitter, once aggregated at the firm level, is predictive of firm-level sales, and if so, what factors determine the cross-sectional variation in the predictive power. First, the predictive power of Twitter comments...