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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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Discretionary behavior with respect to allowances for loan losses and the behavior of security prices
Abstract The study examines the capital market pricing of discretionary and nondiscretionary components of a major accrual in the banking industry, the allowance for loan losses. The analysis employsExpand
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The Sarbanes-Oxley Act and Firms' Going-Private Decisions
We investigate firms' going-private decisions in response to the passage of the Sarbanes-Oxley Act of 2002 (SOX). The Act has the potential to bring both benefits, in terms of more transparentExpand
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CEO Turnover and Properties of Accounting Information
Multiple-performance-measure agency models predict that optimal contracts should place greater reliance on performance measures that are more precise and more sensitive to the agent's effort. WeExpand
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Debt-Equity Hybrid Securities
Trust preferred stock, first issued in 1993, was engineered to be treated as preferred stock for financial statement purposes and as debt for tax purposes (i.e., payments on trust preferred stock areExpand
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Audit committee compensation and the demand for monitoring of the financial reporting process
We examine the relation between audit committee compensation and the demand for monitoring of the financial reporting process. We find that total compensation and cash retainers paid to auditExpand
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An Analysis of the Relation Between the Stewardship and Valuation Roles of Earnings
In this paper, we seek a deeper understanding of how accounting information is used for valuation purposes relative to how it is used for incentive contracting purposes. We explore linkages betweenExpand
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The Roles of Performance Measures and Monitoring in Annual Governance Decisions in Entrepreneurial Firms
This paper analyzes annual corporate governance decisions at firms making initial public offerings (IPOs) of common stock between 1996 and 1999. Our objective is to examine relations between firms’Expand
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Acid-sensing pathways of rat duodenum.
We tested the hypothesis that the duodenal hyperemic response to acid occurs through activation of capsaicin-sensitive afferent nerves with subsequent release of vasodilatory substances such asExpand
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The Sensitivity of Corporate Governance Systems to the Timeliness of Accounting Earnings *
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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