We investigate whether supplier investment decisions are associated with their major customer’s strategic disclosure tone. Customers are incentivized to strategically manipulate disclosure tone to attract more stakeholder investment, including that of suppliers. However, compared to other...

We examine the voluntary disclosure practices of family firms. Family firms have longer investment horizons, lower agency conflicts between owners and managers but higher agency conflicts between controlling and non-controlling shareholders, and greater concerns about firm reputation. We...

Prior research suggests that firms in bilateral relationships have incentives to use accounting information to enhance stakeholders' assessment of the firms' reputation for fulfilling implicit claims. Using a database of firms' major customers, we provide evidence that principal customers...