• Publications
  • Influence
Earnings Management and Corporate Governance: The Roles of the Board and the Audit Committee
We examine the role of the board of directors, the audit committee, and the executive committee in preventing earnings management. Supporting an SEC Panel Report's conclusion that audit committeeExpand
  • 1,121
  • 119
Earnings management and corporate governance: the role of the board and the audit committee
TLDR
We examine the role of the board of directors, the audit committee, and the executive committee in preventing earnings management. Expand
  • 1,099
  • 69
Agency costs, ownership structure and corporate governance mechanisms
Abstract In this paper, we extend the work of Ang et al. [J. Finance 55 (1999) 81] to large firms. We find that managerial ownership is positively related to asset utilization but does not serve as aExpand
  • 593
  • 33
  • PDF
Earnings Management Following Duality-Creating Successions: Ethnostatistics, Impression Management and Agency Theory
We relate impression and earnings management to the field of ethnostatistics, the study of how statistics are produced and managed. By further linking impression management and agency theory, we showExpand
  • 219
  • 15
Layoff Announcements and Stockholder Wealth
Researchers have largely ignored the strategic implications of layoffs. With the passage of the Worker Adjustment and Retraining Notification Act, many managers are anguishing about the consequence...
  • 275
  • 12
Corporate Environmental Initiatives and Anticipated Firm Performance: The Differential Effects of Process-Driven Versus Product-Driven Greening Initiatives
We investigate the influence of environmental initiatives on firms’ anticipated economic performance using an event study methodology. Framing our arguments within an organizational reputationExpand
  • 276
  • 11
Market Reaction to Voluntary Announcements of Audit Committee Appointments: The Effect of Financial Expertise
This paper investigates stock returns surrounding the appointment of directors to audit committees. We examine 136 voluntary appointment announcements over 1990-2001. Most of the announcements areExpand
  • 209
  • 9
A Comparison and Test of the Use of Accounting and Stock Market Data in Relating Corporate Social Responsibility and Financial Performance
A Comparison and Test of the Use of Accounting and Stock Market Data in Relating Corporate Social Responsibility and Financial Performance Management and finance can be enriched tremendously byExpand
  • 101
  • 9
The predictive power of implied volatility: Evidence from 35 futures markets
Abstract Using data from 35 futures options markets from eight separate exchanges, we test how well the implied volatilities (IVs) embedded in option prices predict subsequently realized volatilityExpand
  • 185
  • 8
  • PDF