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- Publications
- Influence
Determinants of the Size and Structure of Corporate Boards: 1935-2000
- K. Lehn, Sukesh Patro, Mengxin Zhao
- Business
- 1 November 2003
We argue that the size and composition of corporate boards are determined by tradeoffs involving the information that directors bring to boards versus the coordination costs and free rider problems… Expand
Determinants of the Size and Composition of US Corporate Boards: 1935-2000
- K. Lehn, Sukesh Patro, Mengxin Zhao
- Business
- 1 December 2009
"We examine the determinants of the size and composition of corporate boards for a sample of 82 US companies that survived during the period 1935-2000. Our hypotheses lead to predictions that firm… Expand
Outside directors and board advising and monitoring performance
- K. Kim, Elaine G. Mauldin, Sukesh Patro
- Business
- 10 February 2014
Divergent views exist about whether boards must tradeoff advising for monitoring performance when utilizing outside versus inside directors. We suggest a dichotomous tradeoff focus underestimates… Expand
An Analysis of Managerial Use and Market Consequences of Earnings Management and Expectation Management
- S. Das, K. Kim, Sukesh Patro
- Economics
- 1 April 2011
ABSTRACT: This study examines how managers coordinate the joint use of earnings management and expectation management by estimating the relationship between these instruments and how this… Expand
Governance indexes and valuation: Which causes which?
- K. Lehn, Sukesh Patro, Mengxin Zhao
- Economics
- 1 December 2007
Abstract Two recent papers document a significant relation between valuation multiples and governance indices during the 1990s. We test whether causation runs from governance to valuation or vice… Expand
On the Anomalous Stock Price Response to Management Earnings Forecasts
- S. Das, K. Kim, Sukesh Patro
- Economics
- 1 June 2012
This paper examines stock price formation subsequent to management forecasts of quarterly earnings. In the post-announcement period, we find a significant upward price drift for both good news… Expand
Governance Indices and Valuation Multiples: Which Causes Which?
- K. Lehn, Sukesh Patro, Mengxin Zhao
- Business
- 1 May 2007
Two recent papers document a significant relation between valuation multiples and governance indices during the 1990s. We test whether causation runs from governance to valuation or vice versa. We… Expand
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Option Incentives, Leverage, and Risk-Taking
- K. Kim, Sukesh Patro, R. Pereira
- Business
- 1 April 2017
While there is extensive research on how option incentives in executive compensation relate to risk-taking by managers, the impact of capital structure on this relationship has received little… Expand
An Empirical Examination of the Divergence between Managers’ and Analysts’ Earnings Forecasts
- S. Das, K. Kim, Sukesh Patro
- Economics
- 1 December 2017
We study circumstances when analysts’ forecasts diverge from managers’ forecasts after management guidance, and the consequences of this divergence for investors and analysts. Our results show that… Expand
Director tenure and corporate social responsibility: The tradeoff between experience and independence
- Sukesh Patro, L. Zhang, R. Zhao
- Economics
- 1 December 2018
This paper examines the impact of director tenure on firms' performance on their corporate social responsibilities (CSR). We find that independent director tenure and the firm's corporate social… Expand