We examine whether allowing publicly listed firms to adopt equity-based compensation increases shareholder value for firms domiciled in weak institutional environments. We test our idea using a series of regulations in China that allowed publicly listed Chinese firms to adopt equity-based...

We explore the possibility of using CEOs' social media messages to measure their personality. We use independent observers to measure CEOs' perceived personality based on the popular Big Five personality model. We use M&A initiations to validate the quality of our Big Five personality measures....

We examine how government ownership affects the top management team's (TMT) pay dispersion and how such TMT pay dispersion affects subsequent firm performance. We test three competing views on the influences of government ownership, referred to as the agency view, the equity view, and the...

We propose and validate a comprehensive measure of power for the top management teams (TMTs) of publicly listed Chinese firms. We show that our measure is positively associated with the four power dimensions developed by prior research for U.S. firms as well as three Asia-relevant power...

Managers have the ability to time the disclosure of the non-cash component of earnings, which, is termed accrual information, to outside investors. They have the choice of disclosing accrual information at the earnings announcement or waiting until the filing date. This thesis examines whether...

Performance pricing (PP) is a feature of loans that allows for dynamic changes in rates in response to changes in the credit risk of the borrower without the need for costly renegotiation or default. This provides management with an incentive to manipulate its accounting measures and the...

Prior studies fail to find that dedicated institutional investors (those characterized by long trading horizons and high ownership stakes in portfolio firms) trade in anticipation of future performance. In this study, I find that dedicated institutions sell shares of bankrupt firms at least one...