• Publications
  • Influence
Are Selling, General, and Administrative Costs "Sticky"?
A fundamental assumption in cost accounting is that the relation between costs and volume is symmetric for volume increases and decreases. In this study, we investigate whether costs areExpand
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Investment opportunities and the structure of executive compensation
We extend the contracting paradigm advanced in Smith and Watts (1992) to consider cross-sectional associations between investment opportunities and the sensitivity of CEO compensation to performanceExpand
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Cost Behavior and Fundamental Analysis of SG&A Costs
In fundamental analysis, it is customary to interpret an increase in the ratio of selling, general, and administrative costs to sales (the SG&A cost ratio) between two periods as a negative signalExpand
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An Empirical-Investigation Of The Relative Performance Evaluation Hypothesis
The principal-agent framework has become a widely used paradigm in accounting and economics for analyzing issues in performance evaluation, management control, and the design of incentive systems.Expand
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A balanced scorecard analysis of performance metrics
We investigate the relationship between a financial performance metric (return on assets––ROA) and three nonfinancial performance metrics (number of access lines per employee, percentage of digital access lines and percentage of business access lines) reported and used in the US telecommunications industry. Expand
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Analysis of trends in technical and allocative efficiency: An application to Texas public school districts
We present a new DEA based method to analyze efficiency trends over time and differences across subgroups, and analyze shifts and trends in both technical and allocative inefficiencies over time for different regions. Expand
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Choice of relative performance evaluation for strategic reasons
This paper presents a new perspective for the use of relative performance evaluation. It argues that firms may want to evaluate their CEOs relative to their competitors for strategic reasons. ItExpand
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Regulation Fair Disclosure and Analysts' First-Forecast Horizon
We examine the impact of Regulation Fair Disclosure (RFD) on first-forecast horizon of analysts' earnings forecasts. The first-forecast horizon is computed as the number of calendar days between theExpand
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Institutional Investors, Managerial Ownership, and Executive Compensation
We examine the association between executive compensation and the interaction between the top-five institutional investor ownership and managerial ownership. We find that top-five institutionalExpand
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Evaluating the Adequacy of Parametric Functional Forms in Estimating Monotone and Concave Production Functions
We consider situations where the a priori guidance provided by theoretical considerations indicates only that the function linking the endogenous and exogenous variables is monotone and concave (orExpand
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