Jacob R. Thornock

TL;DR: In this paper, the authors examined whether the information content of earnings announcements increases in countries following mandatory IFRS adoption, and conditions and mechanisms through which increases occur, and found evidence of three mechanisms that increase information content: reducing reporting lag, increasing analyst following, and increasing foreign investment.

TL;DR: In this paper, the authors examined whether the information content of earnings announcements increases in countries following mandatory IFRS adoption, and conditions and mechanisms through which increases occur, and found evidence of three mechanisms that increase information content: reducing reporting lag, increasing analyst following, and increasing foreign investment.

TL;DR: In this paper, the authors investigate factors that influence investor information demand around earnings announcements and to provide insights into how variation in information demand impacts the capital market response to earnings, finding that abnormal Google search increases about two weeks prior to the earnings announcement, spikes markedly at the announcement, and continues at high levels for a period after the announcement.

TL;DR: In this paper, the authors investigate systematic changes in corporate effective tax rates over the past 25 years and find that the decline in effective tax rate is not concentrated in multinational firms, but occurs at approximately the same rate for both multinational and domestic firms.

TL;DR: In this paper, the authors investigate whether firms and their top executives bear reputational costs from engaging in aggressive tax avoidance activities and conclude that there is little evidence of tax shelter usage leading to reputual costs at the firm level.