While prior literature suggests that family firms with a positive corporate image are associated with superior financial performance, their effectiveness in creating firm brand value is not well understood. In this paper, we use Interbrand's global brand value data published between 2001 and...

This study examines the impact of the ethnic diversity of executives on real earnings management (REM) using 21,217 firm-year observations for 2,209 U.S. public firms between 1993 and 2020. Social identity theory and top management team research suggest executive diversity enhances mutual...

Stock price crash risk could be lower in family firms because the controlling family investorshave a longer-term interest, hold greater decision rights and are better informed thaninvestors in diffusely owned firms (alignment effect). However, the agency costs betweenfamily and nonfamily...

Prior research finds an association between short selling volume and aggressive non-GAAPearnings disclosures but does not explore whether increased short selling pressure actuallyconstrains aggressive non-GAAP reporting. Attribution of causality is problematic in this setting,due to multiple...

Commercial banker-directors (CBDs) bring both financial expertise in risk management and conflicts of interest between shareholders and debtholders. The burgeoning literature on stock price crash risk generates important questions of whether CBDs reduce crash risk. Using BoardEx data from 1999...