% ============================================================================
% UQO Working Paper Template — Economics / Finance
% ============================================================================
\documentclass[12pt,letterpaper]{article}

% --- Encoding & Language ---
\usepackage[utf8]{inputenc}
\usepackage[T1]{fontenc}
\usepackage[english]{babel}

% --- Page Layout ---
\usepackage[
  letterpaper,
  top=1in,
  bottom=1in,
  left=1in,
  right=1in
]{geometry}

% --- Math (amsthm must precede newtxmath) ---
\usepackage{amsmath,amsthm}
\usepackage{mathtools}
\allowdisplaybreaks

% --- Typography ---
\usepackage{newtxtext}         % Times text
\usepackage[varvw,cmintegrals,cmbraces]{newtxmath}  % matching Times math with proper metrics
\usepackage{bm}                % bold math for vectors
\usepackage{dsfont}            % \mathds{1} indicator
\usepackage{microtype}         % Improved typographic refinements
\usepackage{setspace}
\onehalfspacing                % 1.5 line spacing

% --- Math ---

% --- Tables ---
\usepackage{booktabs}
\usepackage{tabularx}
\usepackage{multirow}
\usepackage{threeparttable}
\usepackage{siunitx}
\sisetup{
  input-symbols = {()},
  table-format  = -1.3,
  parse-numbers = false
}

% --- Figures ---
\usepackage{graphicx}
\usepackage{subcaption}
\usepackage{float}
\usepackage{longtable}
\usepackage{adjustbox}

% --- Colors & Links ---
\usepackage[dvipsnames]{xcolor}
\usepackage[
  pdftitle={The Invisible Balance Sheet},
  pdfauthor={Simon-Pierre Boucher},
  colorlinks  = true,
  linkcolor   = NavyBlue,
  citecolor   = NavyBlue,
  urlcolor    = NavyBlue,
  breaklinks  = true
]{hyperref}

% --- Bibliography ---
\usepackage[authoryear,round,semicolon]{natbib}
\bibliographystyle{aer}

% --- Captions ---
\usepackage[
  font       = small,
  labelfont  = bf,
  labelsep   = period,
  justification = justified,
  singlelinecheck = false
]{caption}

% --- Headers & Footers ---
\usepackage{fancyhdr}
\pagestyle{fancy}
\fancyhf{}
\renewcommand{\headrulewidth}{0pt}
\fancyfoot[C]{\thepage}

% --- Section Formatting ---
\usepackage{titlesec}
\titleformat{\section}{\large\bfseries}{\thesection.}{0.5em}{}
\titleformat{\subsection}{\normalsize\bfseries}{\thesubsection.}{0.5em}{}
\titleformat{\subsubsection}{\normalsize\itshape}{\thesubsubsection.}{0.5em}{}

% --- Appendix Support ---
\usepackage[toc,page]{appendix}

% --- Misc ---
\usepackage{enumitem}
\setlist{nosep,leftmargin=*}

% ============================================================================
% METADATA
% ============================================================================
\input{results_macros}
\newcommand{\WPnumber}{39}
\newcommand{\WPtitle}{The Invisible Balance Sheet}
\newcommand{\WPsubtitle}{Can Intraday Financial Markets Detect Corporate Deterioration Before Accounting Disclosures?}
\newcommand{\WPdate}{November 2026}
\newcommand{\WPversion}{1.0}
\newcommand{\WPabstract}{\input{sections/abstract}}
\newcommand{\WPkeywords}{intraday data, sampling frequency, earnings surprises, fundamental analysis, point-in-time data, machine learning, market efficiency}
\newcommand{\WPjel}{G14, G12, G17, M41, C53, C58}

% --- Author ---
\newcommand{\WPauthor}{Simon-Pierre Boucher}
\newcommand{\WPaffiliation}{%
  Département des sciences administratives\\
  Université du Québec en Outaouais%
}
\newcommand{\WPemail}{simon-pierre.boucher@uqo.ca}
\newcommand{\WPaddress}{%
  Gatineau -- Pavillon Alexandre-Taché\\
  283, boulevard Alexandre-Taché\\
  Gatineau, Québec, Canada J9A 1L8%
}

% --- Notation macros (consistent symbols throughout) ---
\newcommand{\E}{\mathbb{E}}
\newcommand{\Prob}{\mathbb{P}}
\newcommand{\ind}[1]{\mathds{1}\!\left[#1\right]}
\newcommand{\Info}{\mathcal{I}}
\newcommand{\Acc}{\mathcal{A}}
\newcommand{\Loss}{\mathcal{L}}
\newcommand{\LFDS}{\mathrm{LFDS}}
\newcommand{\RV}{\mathrm{RV}}
\newcommand{\BPV}{\mathrm{BPV}}
\newcommand{\RS}{\mathrm{RS}}
\newcommand{\TA}{\mathit{TA}}
\newcommand{\dlog}{\Delta\Loss}
\newcommand{\set}[1]{\left\{#1\right\}}
\newcommand{\abs}[1]{\left\lvert#1\right\rvert}
\newcommand{\tr}{^{\mkern-1.5mu\mathsf{T}}}
\newcommand{\bgamma}{\bm{\gamma}}
\newcommand{\bX}{\bm{X}}

% ============================================================================
% DOCUMENT
% ============================================================================
\begin{document}

\input{sections/titlepage}

\input{sections/introduction}
\input{sections/theory_hypotheses}
\input{sections/literature}
\input{sections/data}
\input{sections/methodology}
\input{sections/results}
\input{sections/mechanisms}
\input{sections/robustness}
\input{sections/conclusion}

\newpage
\bibliography{references}

\input{appendix/appendix}

\end{document}