This paper examines the effect of state-level monitoring on municipal governance, focusing
on outcomes in financial reporting quality, local corruption, political entrenchment, and …

We examine the relationship between managerial overconfidence and corporate risk taking.
More specifically, we investigate how overconfidence affects the risks that CEOs take in …

Abstract We examine whether Governmental Accounting Standards Board (GASB) financial
statement disclosure alters local governments' economic decision-making. To do so, we …

The funding policy for defined benefit pension plans covering government employees
represents an important decision for governments sponsoring those plans. Many state and …

Public pensions in the United States face an impending funding crisis in the wake of the
financial crisis and the COVID-19 recession. Many cities and states will struggle to meet …

We use the adoption of General Accounting Standards Board Statement No. 34 (GASB 34)
to examine whether disclosing information in states' financial reports influences their …

In recent years, the looming threat of substantial unfunded liabilities and the obligation to
meet these financial commitments have become critical issues for numerous state pension …

Many state and local pension systems are facing a funding crisis. The average US public
pension plan cannot cover a quarter of its obligations to provide pension benefits to current …

Many governments offer other postemployment benefits (OPEBs) to employees, and
discretionary contributions to OPEBs plans are important to plan financial well-being. This …

We investigate how managers smooth volatility in balance sheets, using the pension
accounting change IAS 19R as a shock to balance sheet volatility. This shock increases …