Smith Research

Firms are more likely to face accounting-related lawsuits for overstating their earnings or assets than for understating them because it’s easier to demonstrate investor harm with overstatements. So erring on the conservative side can reduce a firm’s legal costs.

Data analytics and machine learning are transforming the world of accounting research.

New research shows that information public companies reveal in SEC disclosures cuts down their competitive advantage faster.

New research shows the “dark” personality traits that make a boss bad may be the reason they got the job in the first place.

New research develops predictions that link aggregate GAAP earnings to aggregate job creation and destruction.

Management forecasts – in particular, the parts that are wrong – may contain predictive information about future earnings even after earnings announcements.

New research finds that successful innovation, measured in patents, leads firms to issue more voluntary management forecasts, which can then spur more investment in the firm.

New research looks at the capital expenditure, or CAPEX, forecast to see how it influences company investment behavior.

In the grand scheme of the economy, the accounting information that individual firms report can have big impacts.

A quarterly announcement from one firm can reduce risk and uncertainty across the industry, research from Rebecca Hann shows.