The K@W Network:
Associate Professor of Accounting
Secrecy in IPO filings helps firms avoid opportunistic lawsuits in the pre-IPO period, according to new research co-authored by Wharton’s Burcu Esmer.
Based on data on every formal SEC investigation between 2000 and 2017, research by Wharton’s Daniel Taylor and his co-authors shows that investors lose when companies keep information about investigations[…]
The SEC has proposed exempting smaller firms from independent audits to verify internal controls. But that could increase accounting scandals and volatility, according to research by Wharton’s Daniel Taylor.
Wharton research looks at whether corporate insiders trade more around the audit report date -- and what it means.
With semi-annual reports, investors would be worse off, experts say, and the gains to companies in cost savings and long-term planning are dubious.