W. Brooke Elliott

University of Illinois at Urbana-Champaign

Professor

1206 South Sixth Street

Champaign, IL 61820

United States

SCHOLARLY PAPERS

29

DOWNLOADS
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SSRN RANKINGS

Top 3,027

in Total Papers Downloads

11,803

CITATIONS
Rank 4,117

SSRN RANKINGS

Top 4,117

in Total Papers Citations

131

Scholarly Papers (29)

1.

How Firms Avoid Losses: Evidence of Use of the Net Deferred Tax Asset Account

University of Washington Working Paper
Number of pages: 41 Posted: 17 Feb 2003
David Burgstahler, W. Brooke Elliott and Michelle Hanlon
University of Washington, University of Illinois at Urbana-Champaign and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,636 (9,808)
Citation 7

Abstract:

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deferred taxes, valuation allowance, net deferred tax asset

2.

Negative News and Investor Trust: The Role of $Firm and #CEO Twitter Use

Number of pages: 59 Posted: 31 May 2015 Last Revised: 26 Apr 2018
W. Brooke Elliott, Stephanie M. Grant and Frank D. Hodge
University of Illinois at Urbana-Champaign, University of Washington and University of Washington - Michael G. Foster School of Business
Downloads 947 (22,840)

Abstract:

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social media, Twitter, social bond, trust, investment decisions, negative earnings surprise, repeated information

3.

Investor Sentiment and Pro Forma Earnings Disclosures

Journal of Accounting Research, Vol. 50, No. 1, pp. 1-50, March 2012
Number of pages: 45 Posted: 03 Aug 2008 Last Revised: 20 Feb 2012
University of Illinois at Urbana-Champaign, University of Georgia - J.M. Tull School of Accounting, University of Illinois at Urbana-Champaign and The University of Arizona - Eller College of Management
Downloads 916 (23,958)
Citation 12

Abstract:

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investor sentiment, pro forma earnings, corporate disclosure

4.

Mitigating the Unintended Effect of Corporate Social Responsibility Performance on Investors’ Estimates of Fundamental Value

Accounting Review, Forthcoming
Number of pages: 39 Posted: 15 Jun 2011 Last Revised: 01 Dec 2014
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign - Department of Accountancy, University of Illinois at Urbana-Champaign and University of Texas at Austin - Department of Accounting
Downloads 829 (27,704)
Citation 2

Abstract:

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fundamental value, nonfinancial performance, investor, affect as information

5.

How Disclosure Features of Corporate Social Responsibility Reports Interact with Investor Numeracy to Influence Investor Judgments

Contemporary Accounting Research, Forthcoming
Number of pages: 41 Posted: 19 Apr 2014 Last Revised: 30 Mar 2016
W. Brooke Elliott, Stephanie M. Grant and Kristina M. Rennekamp
University of Illinois at Urbana-Champaign, University of Washington and SC Johnson Graduate School of Business
Downloads 695 (35,187)

Abstract:

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disclosure style, presentation effects, corporate social responsibility, investor numeracy

6.

Disclosure Readability and the Sensitivity of Investors’ Valuation Judgments to Outside Information

Number of pages: 50 Posted: 19 Sep 2014 Last Revised: 09 Aug 2016
H. Scott Asay, W. Brooke Elliott and Kristina M. Rennekamp
University of Iowa - Department of Accounting, University of Illinois at Urbana-Champaign and SC Johnson Graduate School of Business
Downloads 678 (36,430)

Abstract:

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voluntary disclosure, readability, information search, information processing

7.

Are Investors Influenced by Pro Forma Emphasis and Reconciliations in Earnings Announcements?

Number of pages: 35 Posted: 09 Feb 2004
W. Brooke Elliott
University of Illinois at Urbana-Champaign
Downloads 622 (40,840)
Citation 33

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Analysts, non-professional investors, pro forma earnings, reconciliations

8.

Using Online Video to Announce a Restatement: Influences on Investment Decisions and the Mediating Role of Trust

The Accounting Review, March 2012
Number of pages: 40 Posted: 05 Sep 2009 Last Revised: 01 Aug 2011
W. Brooke Elliott, Frank D. Hodge and Lisa M. Sedor
University of Illinois at Urbana-Champaign, University of Washington - Michael G. Foster School of Business and DePaul University
Downloads 521 (51,382)
Citation 7

Abstract:

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trust, investor, investment decision, responsibility, disclosure venue, online video

9.

What are You Saying? Using Topic to Detect Financial Misreporting

27th Annual Conference on Financial Economics and Accounting Paper
Number of pages: 76 Posted: 05 Jul 2016 Last Revised: 26 Mar 2018
Nerissa C. Brown, Richard M. Crowley and W. Brooke Elliott
University of Illinois at Urbana-Champaign, Singapore Management University and University of Illinois at Urbana-Champaign
Downloads 513 (52,380)

Abstract:

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Topic, Disclosure, Latent Dirichlet Allocation, Financial Misreporting

10.

The Timing of Quarterly 'Pro Forma' Earnings Announcements

Journal of Business Finance & Accounting 39 (3/4): 315-359, AAA 2007 Financial Accounting & Reporting Section (FARS) Meeting Papers
Number of pages: 50 Posted: 18 Sep 2006 Last Revised: 04 Jun 2015
Nerissa C. Brown, Theodore E. Christensen and W. Brooke Elliott
University of Illinois at Urbana-Champaign, University of Georgia - J.M. Tull School of Accounting and University of Illinois at Urbana-Champaign
Downloads 454 (61,054)
Citation 7

Abstract:

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Earnings announcement timing, Pro forma earnings, Adjusted earnings

11.

Expected Mispricing: The Joint Influence of Accounting Transparency and Investor Base

Journal of Accounting Research, Forthcoming
Number of pages: 49 Posted: 13 Sep 2008 Last Revised: 16 Aug 2012
W. Brooke Elliott, Susan D. Krische and Mark E. Peecher
University of Illinois at Urbana-Champaign, American University - Kogod School of Business and University of Illinois at Urbana-Champaign
Downloads 420 (67,037)
Citation 7

Abstract:

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analysts, expected mispricing, institutional investor, disclosure transparency

12.

Does Concrete Language in Disclosures Increase Willingness to Invest?

Number of pages: 42 Posted: 29 Apr 2014
W. Brooke Elliott, Kristina M. Rennekamp and Brian J. White
University of Illinois at Urbana-Champaign, SC Johnson Graduate School of Business and University of Texas at Austin - Department of Accounting
Downloads 338 (86,480)

Abstract:

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corporate disclosure, local bias, concrete language, investor comfort, psychological distance

13.

When are Graduate Business Students a Reasonable Proxy for Nonprofessional Investors?

Number of pages: 50 Posted: 21 Jun 2004
University of Illinois at Urbana-Champaign, University of Washington - Michael G. Foster School of Business, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and University of San Diego - School of Business
Downloads 333 (87,891)
Citation 4

Abstract:

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Investor sophistication, behavioral research in accounting, stock options

14.

Does Highlighting Concrete Language in Disclosures Mitigate Home Bias?

Number of pages: 37 Posted: 13 Jun 2012 Last Revised: 23 Oct 2012
W. Brooke Elliott, Kristina M. Rennekamp and Brian J. White
University of Illinois at Urbana-Champaign, SC Johnson Graduate School of Business and University of Texas at Austin - Department of Accounting
Downloads 316 (93,172)

Abstract:

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home bias, corporate disclosure, investor comfort, concrete language, psychological distance

15.

The Influence of Sensitivity Disclosures on Investor Judgments

Number of pages: 35 Posted: 22 Jul 2007 Last Revised: 26 Feb 2008
W. Brooke Elliott, Kevin E. Jackson and Steven D. Smith
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign - Department of Accountancy and Brigham Young University
Downloads 303 (97,541)
Citation 1

Abstract:

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sensitivity disclosure, reliability, judgment and decision-making, nonprofessional investor

16.

Navigating Through the Crowd: How Do Investors Assess Contributor Credibility and Make Investment Judgments on Social Media Platforms?

Number of pages: 38 Posted: 05 Apr 2017 Last Revised: 10 Aug 2018
W. Brooke Elliott, Brian Gale and Stephanie M. Grant
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign and University of Washington
Downloads 290 (102,237)

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Network Oversight, Contributor Publication Experience, Ownership Status, Source Credibility, Satisficing, Social Media Platform

17.

The Association between Nonprofessional Investors' Information Choices and Their Portfolio Returns: The Importance of Investing Experience*

Number of pages: 40 Posted: 02 Oct 2005
W. Brooke Elliott, Frank D. Hodge and Kevin E. Jackson
University of Illinois at Urbana-Champaign, University of Washington - Michael G. Foster School of Business and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 283 (104,941)
Citation 8

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Nonprofessional Investors, Information Choice, Unfiltered Information

18.

Do Investors Value Higher Financial-Reporting Quality, and Can Expanded Audit Reports Unlock This Value?

Number of pages: 52 Posted: 11 Mar 2018 Last Revised: 29 Mar 2019
W. Brooke Elliott, Kirsten Fanning and Mark E. Peecher
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign - Department of Accountancy and University of Illinois at Urbana-Champaign
Downloads 277 (107,379)

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Willingness to Pay, Fundamental Value, Audit Reports, Financial Reporting Quality

19.

The Paradoxical Behavioral Effects of a Directional Goal on Risk Perceptions and Valuation Judgments

Number of pages: 45 Posted: 25 May 2014 Last Revised: 20 Apr 2016
W. Brooke Elliott, Kristina M. Rennekamp and Brian J. White
University of Illinois at Urbana-Champaign, SC Johnson Graduate School of Business and University of Texas at Austin - Department of Accounting
Downloads 248 (120,506)

Abstract:

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directional goals; risk perceptions; valuation; investors

Earnings Metrics, Information Processing, and Price Efficiency in Laboratory Markets

Number of pages: 55 Posted: 25 Dec 2012 Last Revised: 01 Mar 2015
W. Brooke Elliott, Jessen L. Hobson and Brian J. White
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign and University of Texas at Austin - Department of Accounting
Downloads 248 (120,013)

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earnings metrics, bounded rationality, information search, fundamental value, market price efficiency, laboratory markets

Earnings Metrics, Information Processing, and Price Efficiency in Laboratory Markets

Journal of Accounting Research, Vol. 53, No. 3, 2015
Posted: 03 Jul 2015
W. Brooke Elliott, Jessen L. Hobson and Brian J. White
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign and University of Texas at Austin - Department of Accounting

Abstract:

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earnings metrics; bounded rationality; information search; fundamental value; market price efficiency; laboratory markets

21.

Gaming Regulation with Image-Based Tweets

Number of pages: 41 Posted: 27 Jan 2018 Last Revised: 11 Mar 2019
Nerissa C. Brown, W. Brooke Elliott and Stephanie M. Grant
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign and University of Washington
Downloads 231 (129,443)

Abstract:

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Non-GAAP Earnings, Image, Social Media, Twitter, Investment Decisions

Are MBA Students a Good Proxy for Non-Professional Investors?

Number of pages: 47 Posted: 12 Sep 2004
University of Illinois at Urbana-Champaign, University of Washington - Michael G. Foster School of Business, University of San Diego - School of Business and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 226 (131,797)
Citation 27

Abstract:

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sophistication, behavioral research in accounting, stock options

Are MBA Students a Good Proxy for Non-Professional Investors?

Accounting Review, Vol. 82, No. 1, 2007
Posted: 20 Jul 2006
University of Illinois at Urbana-Champaign, University of Washington - Michael G. Foster School of Business, University of San Diego - School of Business and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

Abstract:

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sophistication, behavioral research in accounting, stock options

23.

Trader Participation in Disclosure: Implications of Interactions with Management

Contemporary Accounting Research, Forthcoming
Number of pages: 42 Posted: 19 Jul 2017 Last Revised: 03 May 2019
W. Brooke Elliott, Stephanie M. Grant and Jessen L. Hobson
University of Illinois at Urbana-Champaign, University of Washington and University of Illinois at Urbana-Champaign
Downloads 191 (154,985)

Abstract:

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social media, conference calls, investor participation, bounded rationality, information search, fundamental value, market price efficiency, laboratory markets

24.

Using Online Video to Announce a Restatement: Influences on Investor Trust and Investment Decisions*

Number of pages: 49 Posted: 03 Sep 2009
W. Brooke Elliott, Frank D. Hodge and Lisa M. Sedor
University of Illinois at Urbana-Champaign, University of Washington - Michael G. Foster School of Business and DePaul University
Downloads 151 (190,262)
Citation 7

Abstract:

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trust, investor, investment decision, responsibility, disclosure venue, online video

25.

Asymmetric Motivated Reasoning Among Long and Short Investors

Number of pages: 43 Posted: 12 Apr 2017 Last Revised: 20 Nov 2018
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign, University of Arizona - Department of Accounting and University of Texas at Austin - Department of Accounting
Downloads 136 (206,984)

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earnings metrics, motivated reasoning, investors, short selling, earnings persistence

26.

The Timing of Quarterly ‘Pro Forma’ Earnings Announcements

Journal of Business Finance & Accounting, Vol. 39, Issue 3‐4, pp. 315-359, 2012
Number of pages: 45 Posted: 21 Apr 2012
Nerissa C. Brown, Theodore E. Christensen and W. Brooke Elliott
University of Illinois at Urbana-Champaign, University of Georgia - J.M. Tull School of Accounting and University of Illinois at Urbana-Champaign
Downloads 1 (632,999)
Citation 7
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Abstract:

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earnings announcement timing, pro forma earnings, adjusted earnings

27.

Are Investors Influenced by Pro Forma Emphasis and Reconciliations in Earnings Announcements?

Accounting Review, Vol. 81, No. 1, 2006
Posted: 22 Jan 2008
W. Brooke Elliott
University of Illinois at Urbana-Champaign

Abstract:

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Analysts, non-professional investors, pro forma earnings, reconciliations

28.

The Association Between Non-Professional Investors' Information Choices and Their Portfolio Returns: The Importance of Investing Experience

Contemporary Accounting Research, Forthcoming
Posted: 11 Jul 2007
W. Brooke Elliott, Frank D. Hodge and Kevin E. Jackson
University of Illinois at Urbana-Champaign, University of Washington - Michael G. Foster School of Business and University of Illinois at Urbana-Champaign - Department of Accountancy

Abstract:

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29.

Negative News and Investor Trust: The Role of $Firm and #CEO Twitter Use

Journal of Accounting Research, Vol. 56, No. 5, 2018
W. Brooke Elliott, Stephanie M. Grant and Frank D. Hodge
University of Illinois at Urbana-Champaign, University of Washington and University of Washington - Michael G. Foster School of Business

Abstract:

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social media; Twitter; social bond; trust; investment decisions;negative earnings surprise; repeated information