In this study, we explore what kinds of firms are more likely to have a family CEO or professional CEO, and investigate the performance of CEOs from different backgrounds. The results show that firms with low requirements in managerial skills and a high potential for expropriation are more...

In this study, we examine whether buy-side analysts' forecasts are biased when they cover stocks that are held by the mutual fund. Specifically, we conduct an experiment with buy-side analysts and fund managers where we manipulate whether the forecasts are released to colleagues and clients or...

While recent research has suggested the tremendous potential of electronic health records (EHR) to transform healthcare, there remains a limited understanding of the best ways to utilize EHR data to improve clinical decision-making. Healthcare analytics based on EHR data may be able to offer a...

Clinical intelligence about a patient’s risk of future adverse health events can support clinical decision making in personalized and preventive care. Healthcare predictive analytics using electronic health records offers a promising direction to address the challenging tasks of risk...

This paper examines the economic effects of the adoption and implementation of performance-based budgeting (PBB) at the state government level. We examine the association between the implementation of PBB and aggregate state expenditures from the General Fund and Other State Funds, and further...

Differences in cultural philosophy at the national level have been theorized to affect business practices, legal systems, social behavior norms, educational achievements, and even the rate of economic growth. We extend this literature to examine the effect of national culture on government...

This paper examines the determinants of a company's choice of disclosure informativeness. The specific context is the disclosure of the value of stock options granted to the top executives under the SEC's Regulation S-K (Item 403). We show that firms with executives who are excessively paid,...

This study examines empirically the extent to which the frequency of interim financial reporting affects stock price volatility over the course of the fiscal year in four countries with different interim reporting regimes: the United States and Canada with quarterly reporting, and Great Britain...

This study examines whether analysts' forecast revisions exhibited increased herding behavior following the adoption of Regulation Fair Disclosure. A recent model by Arya, Mittendorf, and Narayanamoorthy (2005) projects that one potential consequence of Regulation Fair Disclosure might be...

This study introduces a methodology for evaluating the cost-effectiveness of alternative management tools in public institutions with an application to public education. The shift towards performance budgeting and outcome measures for public-sector institutions in recent decades creates a need...