Over the last decade new manufacturing methods and techniques have focused on reducing waste in production tasks. Just-In-Time (JIT) manufacturing is one of the most popular new technologies adopted. This dissertation describes the impact of Just-In-Time manufacturing on firm value, product...

We develop and test accounting-based valuation models for commercial banks. We extend Begley <italic>et al.</italic>'s framework (2006) and propose a valuation model where goodwill is generated by virtually all commercial and investment banking activities. Key features of our model are: the development of a...

In this paper, we investigate how firm reporting incentives and institutional factors affect accounting quality in firms from 26 countries. We exploit a unique multicountry setting where firms are required to comply with the same set of international reporting standards. We develop an approach...

This paper explores whether firms that share common directors also pursue similar corporate policies. Using a sample of 885 U.S. firms with common directors, we find that director fixed effects strongly explain variation in firms' governance, financial, disclosure, and strategic policy choices....

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>In this study, we examine whether managers delay disclosure of bad news relative to good news. If managers accumulate and withhold bad news up to a certain threshold, but leak and immediately reveal good news to investors, then we expect the magnitude of the negative stock price reaction...