The study reported here examined how various characteristics of the board of directors and
other governance features affected the occurrence of US corporate fraud in the 1978–2001 …

We examine the role of investment opportunities and free cash flow in explaining R&D-induced
abnormal returns. After controlling for firm size, financial leverage, dividend yield, …

Employing 63,464 firm-year observations of 8876 companies in 22 countries from 2000 to
2013, we conduct a series of multiple regression analyses that reveal a significantly positive …

This study investigates the extent to which information inferred by investors from initial
announcements of corporate security offerings affects share prices in the capital markets. The …

Using a sample of companies charged with government, financial reporting, or stakeholder
fraud or regulatory violation in the United States during the 1978–2001 period, this study …

This study investigates the impact of Pennsylvania Senate Bill 1310 on the share prices of
Pennsylvania corporations. Considered the most severe of the second-generation …

We investigate the impact of Focus Listing by the Council of Institutional Investors on targeting
poorly performing firms. Post-listing stock returns for the targeted firms differ insignificantly …

This study examines whether changes in the ratings of bank debt have any information
content. Bank holding companies are monitored both by bank regulators and by debt rating …

This paper investigates the extent to which institutional ownership of equity affects the market's
response to announcements of new issues of common stock. We find that the absolute …

Using a sample of 2,337 cash dividend reduction or omission announcements over the
1927 to 1999 period, this study reports significant negative post‐announcement long‐term …