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Financial Accounting Information and Corporate Governance
This paper reviews and proposes additional research concerning the role of publicly reported financial accounting information in the governance processes of corporations. We first discuss research onExpand
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What Determines Corporate Transparency?
We investigate corporate transparency, defined as the availability of firm‐specific information to those outside publicly traded firms. We conceptualize corporate transparency within a country asExpand
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Financial accounting information, organizational complexity and corporate governance systems
The purpose of this paper is to investigate how governance systems of large public U.S. corporations vary with information properties of numbers produced by their financial accounting systems. WeExpand
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Corporate ownership structure and performance *1: The case of management buyouts
  • A. Smith
  • Business, Economics
  • 1 September 1990
Abstract I investigate changes in operating performance after 58 management buyouts of public companies completed during 1977–1986. Operating returns increase significantly from the year before toExpand
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Effects of recontracting on shareholder wealth: The case of voluntary spin-offs
Abstract This paper investigates the effect of voluntary corporate spin-off announcements on shareholder wealth. A significant positive share price reaction is documented for 93 voluntary spin-offExpand
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An Empirical-Investigation Of The Relative Performance Evaluation Of Corporate-Executives
This paper investigates empirically whether top corporate executives are compensated as if their performance is evaluated relative to the performance of competitors.1 This research extends previousExpand
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CEO compensation: The role of individual performance evaluation
Abstract We investigate use of individual performance evaluation in CEOs' annual incentive plans. In contrast with relatively objective accounting and stock-price-based measures, individualExpand
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Aggregate performance measures in business unit manager compensation: The role of intrafirm interdependencies
The purpose of this paper is to investigate the determinants of the extent to which the incentive compensation of business unit managers is based on aggregate performance criteria measured at anExpand
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A comparison of equity carve-outs and seasoned equity offerings: Share price effects and corporate restructuring
Abstract This paper investigates share price reactions of parent firms to announcements of public offerings of stock of wholly-owned subsidiaries. The average abnormal gains associated with ‘equityExpand
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Transparency, Financial Accounting Information, and Corporate Governance
Audited financial statements along with supporting disclosures form the foundation of the firm-specific information set available to investors and regulators. In this paper, the authors discussExpand
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