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Both Sides of Corporate Diversification: The Value Impacts of Geographic and Industrial Diversification
This paper examines the effect of geographic and industrial diversification on firm value for a sample of over 20,000 firm-year observations of U.S. corporations from 1987-1993. Our" multivariateExpand
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Corporate governance and the quality of financial analysts' information
Abstract We examine the association between corporate governance and the quality of information available to financial analysts. Our results indicate that the quality of financial analysts’Expand
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The valuation of the foreign income of US multinational firms: a growth opportunities perspective
This paper demonstrates the value-relevance of foreign earnings for U.S. multinational firms by examining the associations between annual abnormal stock performance and changes in firms' domestic andExpand
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Accounting-based constraints in public and private debt agreements: Their association with leverage and impact on accounting choice
Abstract For a random sample of 83 firms, we show that public and private debt agreements filed at the SEC yield a more comprehensive set of accounting constraints than annual reports or Moody's .Expand
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The Valuation of the Foreign Income of U.S. Multinational Firms: A Growth Opportunities Perspective
This paper demonstrates the value-relevance of foreign earnings for U.S. multinational firms by examining the associations between annual abnormal stock performance and changes in firms' domestic andExpand
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The Value Relevance of Foreign Income: An Australian, Canadian, and British Comparison
In this paper we examine the value relevance of geographical earnings disclosures for firms listed and domiciled in Australia, Canada and the United Kingdom. We find that foreign earnings in allExpand
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Corporate Performance and CEO Turnover: The Role of Performance Expectations
We are grateful to Lynch, Jones, and Ryan, Inc. for use of the I/B/E/S data base and to Lawrence Brown, James Meindl, Jerry Newman, Gerald Salancik, participants in the Northeastern University HumanExpand
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The Information Content of Quarterly Earnings in Syndicated Bank Loan Prices
We examine the information content of quarterly earnings announcements in the syndicated bank loan market, a hybrid public/private debt market that is exclusively comprised of informed institutionalExpand
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Does SEC Interpretive Guidance Affect Firm Behavior? Evidence from Non-GAAP Earnings Disclosure
The U.S. Securities and Exchange Commission (SEC) issued new a Compliance and Disclosure Interpretation (CDI) in 2010, relaxing the stringent enforcement requirements of Regulations G and S-K. InExpand
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As Foreign Registrants Abandon the U.S. Capital Markets, What Happens to the Cross-Listing Audit Fee Premium?
Foreign firms cross-listing in the U.S. benefited from increased accounting quality and valuation stemming from the historically more stringent accounting and regulatory environment in the U.S.Expand
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