This study uses the staggered recognition of the Inevitable Disclosure Doctrine (IDD) by the United States state courts as an exogenous shock to human capital stability. Using a difference-in-differences (DiD) research design, we present evidence that financial analysts are likely to issue more...

We examine the effect of media competition on analyst forecast properties in an international setting using 113,436 firm-year observations from 32 countries spanning 2000 through 2012. We find that firms in countries with stronger media competition enjoy more accurate, less optimistically...

This study examines whether and how the extraversion of a firm’s key executives influences its provision and the properties of management earnings forecasts. We provide evidence that firms with extraverted chief financial officers (CFOs) are more likely to have a greater level of voluntary...