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Trust : The Unwritten Contract In Corporate Governance

Larcker, David F. - 2014

Corporate governance systems exist to discourage self-interested behavior. One question that is often overlooked is how extensive these systems should be. A look at corporate governance today suggests that self-interest is high because companies are compelled - by regulators and the market - to...

Persistent link: https://www.econbiz.de/10013063335

Corporate governance, incentives, and tax avoidance

Armstrong, Christopher; Blouin, Jennifer L.; … - 2013

We examine the link between corporate governance, managerial incentives, and corporate tax avoidance. Similar to other investment opportunities that involve risky expected cash flows, unresolved agency problems may lead managers to engage in more or less corporate tax avoidance than shareholders...

Persistent link: https://www.econbiz.de/10009763134

Corporate Governance According to Charles T. Munger

Larcker, David F. - 2014

Berkshire Hathaway Vice Chairman Charlie Munger is well known as the partner of CEO Warren Buffett and also for his advocacy of “multi-disciplinary thinking” — the application of fundamental concepts from across various academic disciplines to solve complex real-world problems. One problem...

Persistent link: https://www.econbiz.de/10013057765

Causal inference in accounting research

Gow, Ian D.; Larcker, David F.; Reiss, Peter C. - 2016

This paper examines the approaches accounting researchers adopt to draw causal inferences using observational (or … nonexperimental) data. The vast majority of accounting research papers draw causal inferences notwithstanding the well … methods also make strong assumptions that are not always fully appreciated. We believe that accounting research would benefit …

Persistent link: https://www.econbiz.de/10011864867

On the Use of Instrumental Variables in Accounting Research

Larcker, David F. - 2009

Instrumental variable (IV) methods are commonly used in accounting research (e.g., earnings management, corporate … the standard textbook solution to mitigating endogeneity problems, the appropriateness of IV methods in typical accounting …

Persistent link: https://www.econbiz.de/10013154669

Sharks in the Water : Battling an Activist Investor for Corporate Control (B)

Larcker, David F. - 2013

This case is a follow up to CG-20A, and explains the actions taken by Tarco in response to threat from activist investor Barracuda. The case explains how the company relied on an analysis of its shareholder base and predictive proxy voting to inform its decision.Also see CG20A Sharks in the...

Persistent link: https://www.econbiz.de/10013094945

Sharks in the Water : Battling an Activist Investor for Corporate Control (A)

Larcker, David F. - 2013

In July 2006, Barracuda became the largest investor in Tarco International. In a meeting with management, Barracuda's managing director advised that strong measures needed to be taken to improve operating performance. If management failed, Barracuda would force a sale of the company. In...

Persistent link: https://www.econbiz.de/10013094946

Corporate governance and the information content of insider trades

Jagolinzer, Alan D.; Larcker, David F.; Taylor, Daniel J. - In: Journal of accounting research 49 (2011) 5, pp. 1249-1274

Persistent link: https://www.econbiz.de/10009387546

Long-term economic consequences of hedge fund activist interventions

DeHaan, Ed; Larcker, David F.; McClure, Charles - 2018

Persistent link: https://www.econbiz.de/10011925866

Trust and consequences : a survey of Berkshire Hathaway operating managers

Larcker, David F.; Tayan, Brian - 2015

For much of its history, Berkshire Hathaway has been regarded primarily as the investment vehicle of Warren Buffett rather than a bona fide corporation. However, as Berkshire Hathaway has expanded beyond its core insurance operations, more attention is being paid to the structure by which these...

Persistent link: https://www.econbiz.de/10011862338