... standards harmonization correlated reporting noises beauty contest investment externality information spillover disclosure IFRS adoption We study the economic impact of adopting harmonized accounting standards when firms’ investments exhibit beauty contest externalities. We consider...

... information spillover from the bond market into the stock market. Results from the Path analysis suggest that bond market transparency affects stock price crash risk not only directly, but also indirectly through its effects on management guidance, analyst forecasts, and media reports. We also find...

... 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...

... important contributions. I provide empirical evidence that negative peer events generate information spillovers that help unaffected firms take real actions to enhance corporate governance. Given that modern capital markets depend on strong corporate governance ( Armstrong, Guay, and Weber 2010...

.... Supplemental material can be accessed by clicking the link in Appendix C. Editor's note: Accepted by Dawn A. Matsumoto, under the Senior Editorship of Mark L. DeFond. 10 2016 6 2019 2020 financial analysts information spillover social networks information advantage...