The limited body of empirical research concerning the proxy contest provides little evidence that shareholders have suffered material equity losses. In addition, the inferences derived by prior researchers examine narrow time periods and provide analysis devoid of a long-term perspective of this...

The first essay examines the determinants of returns for bidding firms' stocks in mergers and tender offers using cross-sectional micro-firm data. First, we find that potential overpayments to target shareholders are important for explaining cross-sectional differences in bidders' returns upon...

Managers have the ability to time the disclosure of the non-cash component of earnings, which, is termed accrual information, to outside investors. They have the choice of disclosing accrual information at the earnings announcement or waiting until the filing date. This thesis examines whether...

Prior studies on the incremental predictive ability of accrual models over cash flow models with respect to future cash flows led to conflicting results. This paper extends the model of the accrual process developed by Barth, Cram, and Nelson (2001) by including cash flow implications of growth...

This study assesses the unintended effects of recent accounting regulation (SFAS 144) on a specificform of real activities earnings management, namely the timing of asset sales to smooth income. Thispaper finds that, by changing the qualifying criteria for discontinued operations, SFAS 144...

This study reexamines the evidence underlying the prior conclusion that investors overreact to accruals accruals are negatively associated with subsequent abnormal returns (i.e., the accrual anomaly). This study shows that the two features of the research design used to document the accrual...