Showing 1 - 10 of 65
We review and evaluate the methods commonly used in the accounting literature to correct for cross-sectional and time-series dependence. While much of the accounting literature studies settings where variables are cross-sectionally and serially correlated, we find that the extant methods are not...
Persistent link: https://www.econbiz.de/10012758570
This study examines how key market participants-managers and analysts-responded to SFAS 1 23R's controversial requirement that firms recognize stock-based compensation expense. Despite mandated recognition of the expense, some firms' managers exclude it from non-GAAP earnings and some firms'...
Persistent link: https://www.econbiz.de/10010627778
Persistent link: https://www.econbiz.de/10010002926
Proxy advisory and corporate governance rating firms play an increasingly important role in U.S. public markets. Proxy advisory firms provide voting recommendations to shareholders on proxy proposals and sometimes take an active role persuading management to change governance arrangements....
Persistent link: https://www.econbiz.de/10012706704
Persistent link: https://www.econbiz.de/10010728756
This study examines the effects of shareholder support for equity compensation plans on subsequent chief executive officer (CEO) compensation. Using cross-sectional regression, instrumental variable, and regression discontinuity research designs, we find little evidence that either lower...
Persistent link: https://www.econbiz.de/10010546970
Proxy advisory and corporate governance rating firms (such as RiskMetrics/Institutional Shareholder Services, GovernanceMetrics International, and The Corporate Library) play an increasingly important role in U.S. public markets. They rank the quality of firm corporate governance, advise...
Persistent link: https://www.econbiz.de/10008872306
Persistent link: https://www.econbiz.de/10008706040
Persistent link: https://www.econbiz.de/10005492484
Persistent link: https://www.econbiz.de/10005492891