We find a negative association between a state׳s fiscal condition and the use of discretion in applying Governmental Accounting Standards Board (GASB) rules to understate pension funding gaps. We also find that the use of discretion is negatively associated with states’ decisions to increase...

This study uses Regulation Fair Disclosure (FD) as a plausibly exogenous shock to the information environment to identify the causal effect of information asymmetry on corporate financing behavior. Although Regulation FD prevents firms from selectively disclosing material information to market...

Despite the unquestionable influence of conservatism, disagreement remains about what economic demands lead to financial reporting conservatism. Research examining lenders' demands for reporting conservatism has been questioned for ignoring conservative contract modifications. We document that...

In this paper, the authors address the problem of traffic surveillance in an Advanced Transportation Management System. They propose a new approach for detecting and tracking vehicles in road traffic scenes that attains a level of accuracy and reliability which lies beyond currently available...

In this report, the authors propose a new approach for vision based longitudinal and lateral vehicle control. The novelty of this approach is the use of binocular vision. Two modules are integrated, consisting of a new, domain-specific, efficient binocular stereo algorithm, and a lane marker...

Do expert informational intermediaries add value? We address this question by examining the informativeness of the audit report contained in the prospectus associated with a firm's initial public offering (IPO). At the time of the IPO, there is a relative lack of information to facilitate the...