...Cyrus Aghamolla; Ilan Guttman; Evgeny Petrov ABSTRACT Firms with correlated fundamentals often issue reports sequentially, leading to information spillovers. The theoretical literature has investigated multifirm reporting, but only when firms report simultaneously. We examine the implications...

...Jacquelyn R. Gillette ABSTRACT This study examines how information spillovers from equity to debt markets (“equity spillovers”) affect sell-side debt analysts’ activities and the informativeness of their reports. To explore this relation, I compare debt analyst reports for firms without equity...

..., a specialist auditor enjoys synergies from information spillovers between clients. These spillovers, however, only induce a specialist to decrease audit effort when the cost of effort and the prior precision of the firms' values are low. We derive empirical predictions about the determinants of specialization...

...Matthias Breuer; Katharina Hombach; Maximilian A. Müller ABSTRACT We predict and find that regulated firms' mandatory disclosures crowd out unregulated firms' voluntary disclosures. Consistent with information spillovers from regulated to unregulated firms, we document that unregulated firms...

... as industry pioneers, but follower IPO volume is intensified. Additionally, heightened uncertainty over investor sentiment exacerbates delay and leads to lower IPO volume. initial public offerings information spillovers investor sentiment disclosure The analysis gives rise to a number of novel...

... and suggestions. We also thank Tathagat Mukhopadhyay for help in collecting data. All errors are our own. This paper was previously titled: “Does Financial Reporting Frequency Affect Investors' Reliance on Alternative Sources of Information? Evidence from Earnings Information Spillovers Around the World...