Analyzing the informativeness of the sampling weights can lead to significant improvement in the precision of model estimation with survey data. A test for weights ignorability was proposed in Pfeffermann’s (1993). We propose a modification of this test which improves its performance for small and medium sample size problems. We also generalize the test to a test of equivalence between two diff...

ABSTRACT Most research on non-GAAP financial measures focuses earnings or per share, although revenue disclosure has recently attracted SEC scrutiny. It is unclear ex ante what adjustments could improve revenue's usefulness because, unlike earnings, a top-line number related primarily to core (i.e., persistent) business activities. We present the first archival analysis of revenues using large,...

Research on idiosyncratic volatility in developing countries, particularly Indonesia, is scant. This study the first to explain concepts through an information environment approach and examination of asymmetry. aims analyze phenomenon risk whether it related price informativeness or error, by considering environment. We identified based liquidity levels stock risk. Our research revealed relatio...

The meanings expressed by the world’s languages have been argued to support efficient communication. Evidence for this hypothesis has drawn on cross-linguistic analyses of vocabulary in semantic domains both content words (e.g. kinship terms (Kemp & Regier 2012); color (Regier, Kay Khetarpal 2007; Zaslavsky, Kemp, Tishby 2018)) and function (e.g.quantifiers(Steinert-Threlkeld2021); indefini...

We examine whether the Securities Exchange Act of 1934 increased information content corporate earnings disclosures. Prior research questions improved disclosure quality but generally relies on long-window tests and yields mixed results. focus informativeness, improving upon prior designs by focusing short announcement windows employing a difference-in-differences design to control for potentia...