How Often Do Managers Withhold Information?

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

“…Similarly, disclosures can be costly to managers in that they could face significant personal costs from disclosing bad news to investors. Kothari, Shu, and Wysocki [] provide evidence consistent with the idea that career concerns motivate managers to withhold bad news so that they can bury the bad news in subsequent good news disclosures (see also Bertomeu, Marinovic, and Ma []).…”

Causal Inference in Accounting Research

“…The use of structural models in accounting research has been fairly limited to date. Recent examples include Gerakos and Kovrijnykh (2013), Zakolyukina (2015), and Bertomeu, Ma, and Marinovic (2015). These three papers model an institutionally rich problem, estimate the derived model, provide estimates for important structural parameters, and also give interesting counterfactuals based on their theoretical models.…”

Accrual Accounting and Resource Allocation: A General Equilibrium Analysis

“…2 Accounting research has not often used structural estimation (exceptions include Zakolyukina, 2014;Gerakos and Syverson, 2015;Terry, 2015;Bertomeu et al, 2016;Beyer et al, 2016;Gow et al, 2016). 3 Recent papers in economics pay close attention to the importance of micro-level resource misallocation in aggregate productivity (e.g., Restuccia and Rogerson, 2008;Hsieh and Klenow, 2009;Bartelsman et al, 2013). An understanding of cross-country GDP dierences is an important research topic in economics.…”