We have found that a spatial interpolation of mean annual temperature (MAT) in China can be accomplished using a global ordinary least squares regression model since the relationship between temperature and its environmental determinants is constant. Therefore the estimation of MAT does not very...

This article investigates the income effects of decoupled payments distributed at the farm-type or uniformly at the regional level within the European Union. The analysis was conducted using detailed information on the implementation of the Health Check policy package for agricultural activities...

This study offers evidence on the earnings forecast bias analysts use to please firm management and the associated benefits they obtain from issuing such biased forecasts in the years prior to Regulation Fair Disclosure. Analysts who issue initial optimistic earnings forecasts followed by...

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We assess the impact of Regulation Fair Disclosure (Reg FD) on the trading behavior of transient institutional investors in the quarter prior to a bad news break in a string of consecutive earnings increases. Bad news breaks are defined as breaks that are by growth firms, preceded by...

Recent research suggesting that shareholders demand conservative financial reporting raises the question: Which shareholders demand conservatism? We find that higher ownership by institutions that are likely to monitor managers is associated with more conservative financial reporting. This...