This study contributes to the emerging literature on board co-option by examining how and what extent co-opted directors influence managers’ attitudes about earnings management. We find robust evidence that mitigates both real activities accrual-based Our findings support view higher reduces managerial short-termism because it enhances job security as are known be less likely remove managers fr...

Geographic and temporal variation in occurrence of dementia within the US has received little attention despite its importance for generation of new etiologic hypotheses and health services research. We examine methodological problems in the use of vital statistics data for assessing variation over time, among states and within states in the US. We analyzed the US multiple cause of death files ...

ABSTRACT We investigate how mutual funds with environmental, social, and governance (ESG) objectives vote on shareholder proposals related to executive compensation. Using a sample of 94,695 votes by 2,354 from 2012 2021, we find ESG are 9.4 percent more likely than non-ESG in favor such proposals, the likelihood increases 19.2 for aligning compensation environmental social (ES) objectives. als...

ABSTRACT Approaches to risk governance are not homogeneous across organizations. Some organizations invest heavily in building formal and strategically focused enterprise-wide processes whereas others exhibit reduced formality focus, allowing be less structured. We argue that may best described as a service dependent upon network (or ecosystem) of participants who include users information prov...

SUMMARY This paper examines whether and how firms’ engagement in related-party transactions (RPTs) is shaped by public communication of audit risks as required the expanded report. Using phased regulatory changes China a difference-in-differences design with firm fixed effects matching, we find that firms significantly reduce their RPTs after adoption reports (EARs). To investigate potential me...

Abstract There is mixed evidence on whether the marginal dollar spent corporate social responsibility due to agency problems. We propose an approach by modeling how 2003 dividend tax cut, which increased after-tax insider ownership and better aligned managerial shareholder interests, affected firm responsibility. confirm key predictions of our model: following moderate insider-ownership firms e...

Article history: Received 5 February 2012 Received in revised form 15 October 2012 Accepted 31 December 2012 Available online 8 January 2013 We examine the influence of auditors onmitigating corporate fraud in China, which is known to have weak legal enforcement, weak investor protection along with tight control of the media and labour unions. We find that firmswith executives that have lower i...

Article history: Received 3 September 2008 Accepted 3 September 2008 Available online 9 September 2008 This paper is writtenwith two goals inmind. The first is to offer a critical discussion of papers by Bauguess, Moeller, Schlingemann, and Zutter [Bauguess, Scott, Moeller, Sara, Schlingemann, Frederich and Zutter, Chad, 2009. Ownership structure and target returns. Journal of Corporate Finance...