... market pressure stock price informativeness Prior research has highlighted the potential for financial analysts to create short-term capital market pressure, inducing managerial myopia and reducing shareholder value ( He and Tian 2013 ; Irani and Oesch 2016 ; Guo, Pérez-Castrillo, and Toldrà...

... and are incrementally higher preceding the renegotiation of collective bargaining agreements with unions. Inventory stockpiling at union firms is more salient when capital market pressure for transparency or information spillover from peers constrains managers from using disclosure strategies. We further show...

... conforming transactions. Consistent with expectations, we also find that the extent to which public firms engage in conforming tax avoidance varies systematically with the capital market pressures. Our study develops a new measure of conforming tax avoidance that should be useful in future research...