Clare Wang

TL;DR: In this article, the causality of the positive association between CSR expenditures and future firm performance differs from what is claimed in the vast majority of the literature and that corporate accountability reporting is another channel through which outsiders may infer insiders' private information about firms' future financial prospects.

TL;DR: In this paper, the causality of the positive association between CSR expenditures and future firm performance differs from what is claimed in the vast majority of the literature and that corporate accountability reporting is another channel through which outsiders may infer insiders' private information about firms' future financial prospects.

TL;DR: The authors investigated whether accounting standards harmonization enhances the comparability of financial information across countries and found that mandatory adopters experience a significant increase in market reactions to the release of earnings by voluntary adopters compared to the period preceding mandatory adoption.

TL;DR: In this article, the authors examine whether firms use social media to strategically disseminate financial information and find that firms are less likely to disseminate when the news is bad and when the magnitude of the bad news is worse, consistent with strategic behavior.

TL;DR: In this article, the authors examine corporate adoption of social media and provide the first large-sample evidence on the determinants and market consequences of the decision to disseminate quarterly earnings news through social media.