作者：Arif, Salman; Marshall, Nathan T.; Schroeder, Joseph H.; Yohn, Teri Lombardi
作者单位：Indiana University System; Indiana University Bloomington; University of Colorado System; University of Colorado Boulder
摘要：We document a growing disparity in earnings disclosure mechanisms. Firms are increasingly disclosing earnings announcements (EA) concurrently with the 10-K filing instead of first issuing a 'stand-alone' EA. Firm adoption of concurrent EA/10-Ks is associated with lower investor sophistication, greater impediments to producing timely and reliable earnings information, and greater industry-level concurrent reporting. Concurrent EA/10-Ks differ from stand-alone EAs in that investors anticipate mo...
作者：Adhikari, Binay K.; Agrawal, Anup; Malm, James
作者单位：University of Texas System; University of Texas Rio Grande Valley; University of Alabama System; University of Alabama Tuscaloosa; College of Charleston
摘要：We find that firms where women have more power in the top management team, measured by female executives' plurality and pay slice, face fewer operations-related lawsuits. This effect is robust to several treatments of endogeneity and does not appear to be driven by female executives' greater willingness to settle the cases. Evidence from a simultaneous equations approach suggests that firms where women executives have more power avoid lawsuits partly by avoiding some risky but value-increasing...
