Beverly R. Walther

TL;DR: The authors provide a framework for analyzing the three main decisions that shape the corporate information environment in a capital markets setting: (1) managers' voluntary reporting and disclosure decisions, (2) reporting and disclosures mandated by regulators, and (3) reporting decisions by third-party intermediaries.

TL;DR: The authors review current research on the three main decisions that shape the corporate information environment in capital market settings: (1) managers' voluntary disclosure decisions, (2) disclosures mandated by regulators, and (3) reporting decisions by analysts.

TL;DR: The authors investigate whether sell-side security analysts generate more accurate quarterly earnings forecasts and more profitable stock recommendations as their experience following a specific firm increases, measuring firmspecific experience as the number of prior quarters for which the analyst has issued an earnings forecast for the firm.

TL;DR: In this article, the authors investigate if earnings forecast accuracy matters to security analysts by examining its association with analyst turnover and find that an analyst is more likely to turn over if his forecast accuracy is lower than his peers.

TL;DR: The authors found that managers are more likely to separately announce a prior-period gain from the sale of property, plant, and equipment (PPE) than a loss, which is consistent with a conjecture by managers that the nonrecurring nature of the prior period gain/loss will be forgotten unless it is separately announced.