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The Information Content of Discretionary Disaggregation
(Massachusetts Institute of Technology, 2022-02)
I examine the information content embedded in firms' decision to disaggregate financial statement line items. I find that the level of disaggregation predicts both current and future performance. I also find that significant ...
Mispricing and the Demand for Fundamental Information
(Massachusetts Institute of Technology, 2022-05)
I provide evidence that investor demand for accounting information intensifies following nonfundamental shocks to prices. Using quasi-exogenous variation in security prices due to forced mutual fund sales, I find that ...