This study examines whether the provision of non-audit services by a firm's own auditors provides value to the firm. We examine the future return on assets and sales growth as a function of the expenditures by the client firms on non-audit services, reasoning that if such payments are intended...

This paper examines the determinants of a company's choice of disclosure informativeness. The specific context is the disclosure of the value of stock options granted to the top executives under the SEC's Regulation S-K (Item 403). We show that firms with executives who are excessively paid,...

In this study we theorize that student achievement varies cross-sectionally with the percentage of school district revenues raised from local taxes and with salary levels of school district administrators (Superintendents and Principals). This theory is tested using a sample of 218 Kindergarten...

This study examines the influence of taxpayer balloting on budget levels and its relationship with standardized test results in New Jersey school districts. The relation between efficiency, effectiveness, and budget voting outcomes is analyzed over a ten-year sample period. Cost and production...