1% ============================================================================2% UQO Working Paper Template — Economics / Finance3% ============================================================================4\documentclass[12pt,letterpaper]{article}56% --- Encoding & Language ---7\usepackage[utf8]{inputenc}8\usepackage[T1]{fontenc}9\usepackage[english]{babel}1011% --- Page Layout ---12\usepackage[13 letterpaper,14 top=1in,15 bottom=1in,16 left=1in,17 right=1in18]{geometry}1920% --- Typography ---21\usepackage{mathptmx} % Times-like font (text + math)22\usepackage{microtype} % Improved typographic refinements23\usepackage{setspace}24\onehalfspacing % 1.5 line spacing2526% --- Math ---27\usepackage{amsmath,amssymb,amsthm}2829% --- Tables ---30\usepackage{booktabs}31\usepackage{tabularx}32\usepackage{multirow}33\usepackage{threeparttable}34\usepackage{siunitx}35\sisetup{36 input-symbols = {()},37 table-format = -1.3,38 parse-numbers = false39}4041% --- Figures ---42\usepackage{graphicx}43\usepackage{subcaption}44\usepackage{float}45\usepackage{longtable}46\usepackage{adjustbox}4748% --- Colors & Links ---49\usepackage[dvipsnames]{xcolor}50\usepackage[51 pdftitle={The Invisible Balance Sheet},52 pdfauthor={Simon-Pierre Boucher},53 colorlinks = true,54 linkcolor = NavyBlue,55 citecolor = NavyBlue,56 urlcolor = NavyBlue,57 breaklinks = true58]{hyperref}5960% --- Bibliography ---61\usepackage[authoryear,round,semicolon]{natbib}62\bibliographystyle{aer}6364% --- Captions ---65\usepackage[66 font = small,67 labelfont = bf,68 labelsep = period,69 justification = justified,70 singlelinecheck = false71]{caption}7273% --- Headers & Footers ---74\usepackage{fancyhdr}75\pagestyle{fancy}76\fancyhf{}77\renewcommand{\headrulewidth}{0pt}78\fancyfoot[C]{\thepage}7980% --- Section Formatting ---81\usepackage{titlesec}82\titleformat{\section}{\large\bfseries}{\thesection.}{0.5em}{}83\titleformat{\subsection}{\normalsize\bfseries}{\thesubsection.}{0.5em}{}84\titleformat{\subsubsection}{\normalsize\itshape}{\thesubsubsection.}{0.5em}{}8586% --- Appendix Support ---87\usepackage[toc,page]{appendix}8889% --- Misc ---90\usepackage{enumitem}91\setlist{nosep,leftmargin=*}9293% ============================================================================94% METADATA95% ============================================================================96\input{results_macros}97\newcommand{\WPnumber}{39}98\newcommand{\WPtitle}{The Invisible Balance Sheet}99\newcommand{\WPsubtitle}{Can Intraday Financial Markets Detect Corporate Deterioration Before Accounting Disclosures?}100\newcommand{\WPdate}{November 2026}101\newcommand{\WPversion}{1.0}102\newcommand{\WPabstract}{\input{sections/abstract}}103\newcommand{\WPkeywords}{intraday data, sampling frequency, earnings surprises, fundamental analysis, point-in-time data, machine learning, market efficiency}104\newcommand{\WPjel}{G14, G12, G17, M41, C53, C58}105106% --- Author ---107\newcommand{\WPauthor}{Simon-Pierre Boucher}108\newcommand{\WPaffiliation}{%109 Département des sciences administratives\\110 Université du Québec en Outaouais%111}112\newcommand{\WPemail}{simon-pierre.boucher@uqo.ca}113\newcommand{\WPaddress}{%114 Gatineau -- Pavillon Alexandre-Taché\\115 283, boulevard Alexandre-Taché\\116 Gatineau, Québec, Canada J9A 1L8%117}118119% ============================================================================120% DOCUMENT121% ============================================================================122\begin{document}123124\input{sections/titlepage}125126\input{sections/introduction}127\input{sections/theory_hypotheses}128\input{sections/literature}129\input{sections/data}130\input{sections/methodology}131\input{sections/results}132\input{sections/mechanisms}133\input{sections/robustness}134\input{sections/conclusion}135136\newpage137\bibliography{references}138139\input{appendix/appendix}140141\end{document}142