This paper extends our understanding of capital structure differences across organizational form. We build on existing capital structure literature concerning partnership debt use and suggest that high business risk, in combination with general partner (GP) unlimited liability, explains...

Prior findings suggest managers often choose ranges to communicate uncertainty in future earnings. We analyzed earnings forecasts over 11 years and find higher earnings uncertainty firms are more likely to choose range estimates. We study investors' attitudes to forecast precision and argue...

This article investigates the relation between state tax amnesties and financial reporting irregularities. State tax amnesty programs, which potentially signal a lax regulatory enforcement environment, provide a unique setting in which to examine the effects of state tax authorities on non-tax...