This dissertation examines institutional investors' trading behavior in a sample of322 firms alleged in Accounting, Auditing, and Enforcement Releases to havemanipulated their accounting earnings (hereafter fraud firms). Over the course ofthe fraud period, I find that institutions increase their...

I explore the effect of accounting complexity on misreporting using a setting of revenue restatements. I measure revenue recognition complexity using a factor score based on the number of words and revenue recognition methods from the revenue recognition disclosure in the 10-K just prior to the...

This study uses data from a random survey of 2001 Michigan households to analyze the extent to which the Michigan ctreuit-breaker has been successful in reducing the income regressivity of the property tax and in changing relative property tax burdens. Because of its relatively extensive...

A survey of 1,329 of the largest corporations m the United States reveals that the average annual cost of compliance with federal and subfederal corporation income taxes is approximately $1.565 million, implying an aggregate annual compliance cost of over $2 billion. As a fraction of revenue...

This field study examines whether the human-judgment component of fundamental analysis adds incremental information beyond a quantitative model designed to identify securities that will subsequently underperform the market. The subject firm (the Firm) primarily focuses on the analysis of...

This paper examines when firms manage reported cash from operations in the statement of cash flows (CFO) and the mechanisms through which CFO can be managed. CFO management as investigated in this paper is distinct from earnings management. Unlike the manipulation of accruals, firms cannot...

This research explored the moderating effects of subordinate participation in decision making and subordinate job difficulty on their responses to different uses of control systems by their superiors. In a sample of managers from a moderately large U.S. organization, both of these factors were...

Contemporary financial accounting pedagogy has been criticized for its excessive concentration on extant authoritative rules and preparer-oriented mechanics. An alternative decision-oriented pedagogy would emphasize the economic consequences of financial accounting choices, analyze the role of...

Duration is an important and well-established risk characteristic for fixed income securities. We use recent developments in financial statement analysis research to construct a measure of duration for equity securities. We find that the standard empirical predictions and results for fixed...

This paper examines the relationship between annual report readability and firm performance. This is motivated by the Securities and Exchange Commission’s plain English disclosure regulations that attempt to make corporate disclosures easier to read for ordinary investors. I measure the...