For 2,695 US corporations from 1996 to 2009, we find that alignment in political orientation between the chief executive officer (CEO) and independent directors is associated with lower firm valuations, lower operating profitability, and increased internal agency conflicts such as a reduced...

This dissertation comprises two essays on earnings forecasting accuracy. Chapter 2 focuses on how management forecasting accuracy is affected by managers behavioral biases over time and Chapter 3 addresses how analyst portfolio design choices affect cross-sectional differences in analyst...

The corporate governance literature generally assumes that shareholders incentives to monitor management depend on how much of the firm the shareholders own. This dissertation proposes that another determinant of monitoring incentive is how long large shareholders intend to hold their shares,...