This paper introduces the review process to new researchers, describes the institutional background for reviews, and provides advice to reviewers. The objectives of a quality review are (1) to assist the editor in his/her gatekeeping role and (2) to assist the authors in improving their work. We...

From an agency perspective, leverage may have a positive effect on firm performance by limiting managers' ability to allocate resources to unproductive uses, as well as increasing pressure on them to perform well. Consequently, we might expect leverage to have a positive impact on acquisition...

We track trading activity in the days preceding acquisition announcements for target firms, and find that abnormally high trading volume precedes significant price movement. Using additional intraday data, we find increased active-selling in target stocks before acquisition announcements that...

In response to concerns over the viability of the academic discipline of accounting we investigate trends in accounting research by examining papers published in six top accounting journals from 1960 to 2007. We use citations made by accounting papers as a proxy for their antecedent ideas and...

This paper investigates whether future performance suffers when a firm deviates from an estimated optimal cash level. Results show that one year ahead RNOA and stock returns are decreasing in the level of deviation from an estimated optimal for both firms holding insufficient cash and firms...

Small acquirers enjoy announcement period returns that are significantly higher than announcement returns for larger acquirers, but small acquirers significantly underperform after the acquisition is consummated. We investigate why the market appears to “get it wrong” at the announcement of...

“Envelopegate” is a term coined by social media users to describe PwC's non-audit service failure that occurred during the 2017 Academy Awards ceremony, where a PwC partner provided the wrong envelope to the presenter for the “Best Picture” award. For PwC, the error was a regrettable...

We hypothesize that the 2003 decrease in individual tax rates on dividends and capital gains should have been followed by a decline in the cost of capital and increased volatility, especially for dividend paying firms. We observe a significantly positive increase in the volatility of daily...

Employee turnover has received growing attention during the Great Resignation following the COVID-19 pandemic. This study investigates whether and how enabling budgeting is associated with lower employee turnover intentions. We draw on signaling and organizational support theories to argue that...