Similar Search Results

The Innovation and Reporting Consequences of Financial Regulation for Young Life-Cycle Firms

Allen, Abigail M. - 2020

provide evidence that young life-cycle firms are particularly vulnerable to negative innovation consequences from financial …-in-differences design around SOX, we document a significant reduction in both R&D spending and innovation outputs for young life-cycle stage … firms after regulation. Declines in innovation manifest both from the diversion of scarce resources and from the imposition …

Persistent link: https://www.econbiz.de/10012852232

Are over-paid Chief Executive Officers better innovators?

Jouber, Habib - In: Journal of economics, finance & administrative science 18 (2013) 35, pp. 63-71

-performance "innovation" effect for option-based compensation is higher than that for stock-based compensation. Within the options (stocks … achieve less innovation compared to those of high-growth firms. Throughout, we reveal that the effect of CEOs performance …-pay on innovation is mainly relevant among overconfident managers than non-overconfident ones. …

Persistent link: https://www.econbiz.de/10011872251

Withdrawal of Management Earnings Guidance During the COVID-19 Pandemic

Aaron, Aurelius; Kang, Jian; Ng, Jeffrey; Rusticus, … - 2021

The COVID-19 pandemic has resulted in extreme uncertainty in the future earnings of many firms. In this paper, we examine how firms’ exposure to the pandemic affects their guidance withdrawals. Almost half the firms in our sample withdraw their management earnings guidance instead of...

Persistent link: https://www.econbiz.de/10013244303

Bridging Financial Reporting Research and Policy : A Discussion of 'The Impact of Accounting Standards on Pension Investment Decisions'

Cascino, Stefano - 2019

Barthelme et al. (2018) examine the real effects of pension accounting regulation and provide evidence consistent with the claim that recent changes in financial reporting rules affect pension asset allocation decisions. Their study offers an interesting opportunity to highlight the importance...

Persistent link: https://www.econbiz.de/10012898210

China's anti-corruption campaign and firm-level transparency

Hope, Ole-Kristian; Yue, Heng; Zhong, Qinlin - 2017

We examine the impact of China's anti-corruption campaign on firm-level financial reporting quality (FRQ). As an important component of the anti-corruption campaign, in October 2013, “Rule 18” was issued to prohibit party and government officials from serving as directors for publicly listed...

Persistent link: https://www.econbiz.de/10011721565

Block ownership and companies' R&D intensity : the moderating effect of culture

AlHares, Aws; Ntim, Collins G.; King, David - 2018

This study seeks to examine the impact of Block Ownership structure on risk-taking as measured by R&D Intensity in OECD countries. The study uses a panel data of 200 companies from Anglo American and European countries between 2010 and 2014. The ordinary least squares regression is used to...

Persistent link: https://www.econbiz.de/10011786504

Offshore Activities and Corporate Tax Avoidance

Chen, Zhihong; Hope, Ole-Kristian; Li, Qingyuan; Li, Yongbo - 2022

We investigate the association between tax avoidance and offshore activities using a new text-based measure for offshore activities based on Hoberg and Moon (2017, 2019). Our evidence shows that although providing cross-border tax avoidance opportunities, offshore activities reduce the marginal...

Persistent link: https://www.econbiz.de/10013312805

The (In)Visibility of Political Connections

Hope, Ole-Kristian - 2020

We study the extent to which market participants are informed about firms' political connections when the connections are not publicly disclosed and how it affects pricing efficiency. Using a sample of public announcements of government officials' corruption investigations, we find that, on...

Persistent link: https://www.econbiz.de/10012849675

The Effect of Conservatism on Cost of Capital : MENA Evidence

Maha, Khalifa; Hakim, Ben Othman - 2014

The purpose of this paper is to investigate the economic consequences of accounting conservatism in Middle Eastern and North Africa (MENA) economies. In particular, motivated by the lack of empirical tests concerning economic effects of conservatism in MENA countries, the paper examines the...

Persistent link: https://www.econbiz.de/10014149569

Earnings Announcements in China : Overnight-Intraday Disparity

Liu, Junhao; Hope, Ole-Kristian; Hu, Danqi - 2023

Based on a unique arrangement of trading and disclosure times around earnings announcements in the Chinese stock market, we provide evidence of a striking overnight-intraday disparity in terms of the reaction to earnings news. Specifically, we find that the overnight period exhibits a strong and...

Persistent link: https://www.econbiz.de/10014348722