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Corporate governance and the information environment : evidence from state antitakeover laws
Armstrong, Christopher; Balakrishnan, Karthik; Cohen, Daniel - In: Journal of accounting & economics 53 (2012) 1/2, pp. 185-204
Persistent link: https://www.econbiz.de/10009512830
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International Mergers and Acquisitions Laws, the Market for Corporate Control and Accounting Conservatism
Khurana, Inder K. - 2018
corporate takeover threat, this paper examines how a disciplinary market for corporate control affects accounting conservatism …. Following M&A law adoption, we find increased accounting conservatism, with more pronounced effects in countries with weak … shareholder protection and in those experiencing larger growth in takeover activity. Further analysis reveals that elevated …
Persistent link: https://www.econbiz.de/10012909840
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International Mergers and Acquisitions Laws, the Market for Corporate Control, and Accounting Conservatism
Khurana, Inder K. - 2019
corporate takeover threat, this paper examines how a disciplinary market for corporate control affects accounting conservatism …. Following M&A law adoption, we find increased accounting conservatism, with more pronounced effects in countries with weak … shareholder protection and in those experiencing larger growth in takeover activity. Further analysis reveals that elevated …
Persistent link: https://www.econbiz.de/10012869479
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The Effect of Corporate Governance on the Relationship between Accounting Quality and Trade Credit : Evidence from Japan
Enomoto, Masahiro - 2019
This study investigates the effect of shareholdings on the relationship between accounting quality and trade credit in … private information sharing system. The relationship between cross- and stable shareholdings, accounting quality, and trade … with accounting quality and that such shareholdings weaken the relationship between accounting quality and trade credit …
Persistent link: https://www.econbiz.de/10012899426
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The Role of Segment Disclosure in Corporate Governance and its Effect on Firm Investment Efficiency
Blanco, Belen - 2010
We investigate the role of segment disclosure, as a corporate governance mechanism, in enhancing investment efficiency, and whether and how corporate governance mechanisms ameliorate or exacerbate under-investment and over-investment problems. Using a large US sample for the period 2001-2006, we...
Persistent link: https://www.econbiz.de/10013139940
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The Association between Corporate Governance and Earnings Surprises Games
Zhao, Jianxin - 2012
In this paper, I investigate (1) the extent to which corporate governance is associated with managers' choice of the mix of earnings management and expectations management to avoid negative earnings surprises, and (2) whether the association has changed following the passage of the...
Persistent link: https://www.econbiz.de/10013116489
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The Shareholder Response to Corporate Tax Planning Advice Regulation
Donohoe, Michael P. - 2020
We examine the shareholder response to heightened regulation of corporate tax planning advice through the covered opinions rules under U.S. Treasury Department Circular No. 230. These rules imposed extensive due diligence obligations and drafting requirements on tax professionals for a broad...
Persistent link: https://www.econbiz.de/10012841179
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Chapter 5 : Corporate Executives, Directors, and Boards
Nofsinger, John R. - 2017
This chapter assesses the behavior of corporate managers and boards of directors within the framework of agency theory, stewardship theory, and psychological biases. In agency theory, a chief executive officer (CEO) is motivated to act in his or her own best interests rather than those of...
Persistent link: https://www.econbiz.de/10012955099
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Shareholder Litigation and Corporate Disclosure : Evidence From Derivative Lawsuits
Bourveau, Thomas - 2019
Using the staggered adoption of universal demand (UD) laws in the United States, we study the effect of shareholder litigation risk on corporate disclosure. We find that disclosure significantly increases after UD laws make it more difficult to file derivative lawsuits. Specifically, firms issue...
Persistent link: https://www.econbiz.de/10012898618
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Shareholder Activism and Voluntary Disclosure
Bourveau, Thomas - 2017
We examine the relation between shareholder activism and voluntary disclosure. An important consequence of voluntary disclosure is less adverse selection in the capital markets. One class of traders that finds less adverse selection unprofitable is activist investors who target mispriced firms...
Persistent link: https://www.econbiz.de/10012970911