Joseph D. Piotroski

TL;DR: Corporate transparency is defined as the availability of firm-specific information to those outside publicly traded firms, and viewed as the joint output of multi-faceted systems whose components collectively produce, gather, validate and disseminate information to market participants as discussed by the authors.

TL;DR: Corporate transparency, defined as the availability of firmspecific information to those outside publicly traded firms, has been investigated in this paper, where the authors conceptualize corporate transparency within a country as output from a multifaceted system whose components collectively produce, gather, validate and disseminate information.

TL;DR: In this paper, the authors examined whether a simple accounting-based fundamental analysis strategy, when applied to a broad portfolio of high book-to-market firms, can shift the distribution of returns earned by an investor.

TL;DR: In this article, the authors explore how reported accounting numbers are shaped by the institutional structure of the country in which firms are domiciled and find that firms in countries with strong judicial quality and higher usage of public bonds or more diffuse ownership structures lead to more conservatism.

TL;DR: The authors investigate the extent to which the trading and trade-generating activities of three informed market participants (financial analysts, institutional investors, and insiders) influence the relative amount of firm-specific, industry-level, and market-level information impounded into stock prices, as measured by stock return synchronicity.