... funds earnings announcements management forecasts information processing price efficiency trading volume We thank Russell Jame for providing his list of hedge funds, Salman Arif and Azi Ben-Rephael for many helpful discussions and comments, Mark T. Bradshaw (editor), two anonymous...

... 2022 access costs review ambiguity review correspondence information processing investment judgments reporting quality Review correspondence between the Securities and Exchange Commission (SEC) and firms often reveals valuable information about firms' financial reporting quality...

... group barriers to effective audit committee oversight. Drawing on 24 interviews with audit committee Chairs from leading Australian-listed companies, we provide new evidence of the approaches used in practice to address information-processing barriers faced by audit committees. Specifically, we identify...

... of Mark L. DeFond. 8 2016 7 2019 2020 analysts trust culture earnings forecast information processing How information is impounded into prices is crucial to our understanding of financial markets. Financial markets respond not only to “hard” quantitative information...

... information processing A well-functioning economy relies on capital markets for efficient capital allocation ( Rajan and Zingales 1998 ). However, information asymmetry between managers and investors exists in these markets, as there is a separation between ownership and control ( Jensen...

... note: Accepted by Eddy Cardinaels, under the Senior Editorship of Mark L. DeFond. November 2014 August 2016 2017 voluntary disclosure readability information search information processing Prior research in the accounting literature finds that investors react less...