Individual investors often neglect value-relevant accounting information and instead underperform by trading on … technical trends. We investigate the frictions that impede individual investors' use of accounting information, and in … particular their costs of monitoring and acquiring accounting disclosures. We do so using an archival setting where individuals …

We investigate the frictions that impede individual investors' use of accounting information and, in particular, their … costs of monitoring and acquiring accounting disclosures. We do so using an archival setting in which individuals are … efficacy of regulations that aim to aid less sophisticated investors by increasing their awareness of and access to accounting …

I examine the relation between borrowers' accounting information and banks' lending decisions, measured in terms of … be a function of borrowers' accounting information. If banks can use their information advantage to overcome any … screening and monitoring need, banks' lending decisions will be independent of borrowers' accounting information. Using an …