's public statements on what constitutes good accounting, governance and investing practices and (ii) whether these practices … preferred accounting, disclosure and compensation policies, but unlikely to follow the board-related governance practices that …, Buffett does not appear to be especially influential in the subsequent accounting, governance and investing decisions of …

We investigate whether accounting discretion is (i) abused by opportunistic managers who exploit lax governance … a link between poor governance and managers' accounting discretion. However, in the second stage we fail to detect a … suggests that, on average, managers do not abuse accounting discretion at the expense of firms' shareholders. Rather, we find …

incentive alignment or rent extraction by top managers explains option granting behavior. The future operating income associated …

whether incentive alignment or rent extraction by top managers explains option granting behavior. The future operating income …

drilling. Because hedging and using abnormal accruals are costly activities, and because prior research suggests managers do … not eliminate all volatility (Haushalter 2000; Barton 2001), we expect that at the margin managers will use these … smoothing mechanisms as substitutes to manage earnings volatility. Our results suggest a sequential process whereby managers of …

How do firms repair their reputations after a serious accounting restatement? To answer this question, we review firms …

of managers reflect exchange rate impacts, (iii) what specific currency exposures firms hedge and why? To develop … senior managers and board members only review translated USD data, especially cash flows, that are fraught with significant … managers accountable for currency fluctuations; and (iii) manage foreign currency risk are inconsistent both with one another …