A large literature in finance provides evidence that agency conflicts and information
asymmetry between managers and outsiders lead firms to undertake suboptimal levels of …

Prior to SFAS 142, goodwill was subject to periodic amortization and a recoverability-based
impairment test. SFAS 142 eliminates periodic amortization and imposes a fair-value-based …

Although firms are increasingly launching branded mobile apps, an understanding of their
influence on firm value remains elusive. Using stock market returns to assess firm value, the …

We investigate three potential channels of analyst value creation: improving fundamental
performance through monitoring, reducing information asymmetry, and increasing investor …

Purpose Whether financial analysts play an effective role as information intermediaries and
monitors has triggered a wide spread of debate among academics and practitioners to date …

Purpose Social ties may either help chief executive officers (CEOs) supervise chief financial
officers'(CFOs) behaviors effectively and improve financial reporting quality or lead to …

This paper studies the value of different corporate governance mechanisms for Chinese-
listed firms during the ongoing anti-corruption campaign in China. The results show that …

We study the relation between audit committee accounting expertise, analyst following, and
market liquidity. Our main results indicate that analyst following increases subsequent to the …

This study focuses on executive compensation that takes the form of cash. It examines the
association between executive compensation and corporate governance, income …

We evaluate the extent to which sell-side equity analysts can facilitate market efficiency
when there is increasing uncertainty about a stock's future value. The prevalence of the 52 …