... of firm 2. (For brevity, in what follows we refer to b_i simply as the bias or manipulation of manager i.) To derive the optimal biases, we first examine the market’s pricing function. The managers’ reports can be expressed as: r 1 = D 1 s 1...

.... Editor’s note: Accepted by Joseph P. Weber, under the Senior Editorship of W. Robert Knechel. 06 03 2020 22 08 2023 01 09 2023 2024 analyst coverage corporate websites visibility bias investor relations Firms invest significantly in investor outreach through...

...') judgments may be biased by factors such as their affect toward (feelings of personally liking or disliking) client personnel. ¹ However, research has not examined whether the audit review process corrects for this type of bias in preparer judgments. To address this issue, our study examines how...