Publication in top-tier journals is the primary criterion for promotion at many business schools and a strong influence on salary, teaching load, and research support. Business schools evaluate publication records by comparing the quality and quantity of top-tier research articles to those of...

We investigate the incentives that led to the rash of restated financial statements at the end of the 1990s market bubble. We find that the likelihood of a misstated financial statement increases greatly when the CEO has very sizable holdings of in-the-money stock options. Misstatements are also...

Business schools evaluate publication records, especially for the promotion and tenure decision, by comparing the quality and quantity of a candidate's research to those of peers within the same discipline (intradisciplinary) and to those of academics from other business disciplines...

Using call report data, we consider whether the discretionary portion of loan loss provisions, loan charge-offs, securities gains and losses, and dividends are influenced by the bank's level of capital, earnings, and taxes. We studied more than 11,000 banks. We find that banks below a capital...

This paper summarizes the views of the American Accounting Association on the IASC's initial proposed amendments to IAS 14, Reporting Financial Information by Segment. The paper finds that extant academic literature views current IAS and US rules on geographic segment disclosure, relatively...

Prior research shows that companies repurchase stock during quarters with low returns, presumably because the stock is undervalued. We focus on repurchase increases and investigate another motive: Are repurchases increased to provide price support for a stock that, despite recent low returns,...

Numerous influential critics and corporate managers allege that activist investors demand changes that increase short-term stock prices at the expense of long-term shareholder value (“short-termism”). Research to-date focuses on hedge funds. We provide new evidence by using a larger sample...

We find the likelihood of turnover in the CEO and CFO positions is significantly higher in the aftermath of option backdating (in comparison to industry-matched and propensity-score-matched control firms). Turnover is particularly high for severe cases of backdating, namely, when a regulatory...

We first investigate how articles are distributed among universities in a set of 14 highly ranked academic business journals over the period 1990-2002. We find the top publishing schools in accounting and finance supply a greater portion of their discipline's major journal articles than in...