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Earnings Management and Annual General Meetings: The Role of Managerial Entrenchment
16 references·3 citing·34 second hopsampled
Earnings Management and Annual General Meetings: The Role of Managerial Entrenchment (2013)Earnings Management and Annual General Me…The effects of bonus schemes on accounting decisions (2011)The effects of bonus schemes …What Matters in Corporate Governance? (2008)What Matters in Corporate Gov…Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods (2008)Real and Accrual-Based Earnin…CEO incentives and earnings management (2004)CEO incentives and earnings m…Earnings management and corporate governance: the role of the board and the audit committee (2003)Earnings management and corpo…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Audit committee, board of director characteristics, and earnings management (2002)Audit committee, board of dir…A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)A Review of the Earnings Mana…Earnings Management and the Long‐Run Market Performance of Initial Public Offerings (1998)Earnings Management and the L…Higher market valuation of companies with a small board of directors (1996)Higher market valuation of co…Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Causes and Consequences of Ea…Accounting earnings and cash flows as measures of firm performance (1994)Accounting earnings and cash …Executive incentives and the horizon problem (1991)Executive incentives and the …Takeover Threats and Managerial Myopia (1988)Takeover Threats and Manageri…The effect of bonus schemes on accounting decisions (1985)The effect of bonus schemes o…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Control-Enhancing Mechanisms and Earnings Management: Empirical Evidence from Pakistan (2019)Control-Enhancing Mechanisms …The impact of pyramid ownership on earnings management (2018)The impact of pyramid ownersh…Earnings management around tax rate reduction: evidence from China's 2007 corporate tax reform (2014)Earnings management around ta…Earnings Management During Import Relief Investigations (1991)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Detecting Earnings Management. (1995)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Earnings Management through Real Activities Manipulation (2003)Determinants of corporate borrowing (1977)Management ownership and market valuation (1988)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Opaque financial reports, R2, and crash risk☆ (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)A review of archival auditing research (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Towards a Positive Theory of the Determination of Accounting Standards. (1978)Agency Problems and the Theory of the Firm (1980)Earnings management to avoid earnings decreases and losses (1997)Earnings management and investor protection: an international comparison (2003)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)How do family ownership, control and management affect firm value? (2005)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)Law and Finance (1998)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does governance travel around the world? Evidence from institutional investors (2010)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Corporate Governance, Accounting Outcomes, and Organizational Performance (2007)The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey (2010)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1996Higher market valuation of companies with a small board of directors6,614 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1999A Review of the Earnings Management Literature and Its Implications for Standard Setting4,637 cited
  • 2002Audit committee, board of director characteristics, and earnings management4,633 cited
  • 1996Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC*4,076 cited
  • 1985The effect of bonus schemes on accounting decisions3,311 cited
  • 2008Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods3,082 cited
  • 2008What Matters in Corporate Governance?2,903 cited
  • 2003Earnings management and corporate governance: the role of the board and the audit committee2,787 cited
  • 1994Accounting earnings and cash flows as measures of firm performance2,584 cited
  • 2011The effects of bonus schemes on accounting decisions2,579 cited
  • 1998Earnings Management and the Long‐Run Market Performance of Initial Public Offerings2,300 cited
  • 2004CEO incentives and earnings management2,270 cited
  • 1988Takeover Threats and Managerial Myopia

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1,670 cited
  • 1991Executive incentives and the horizon problem1,554 cited
  • Cited by

    • 2018The impact of pyramid ownership on earnings management26 cited
    • 2019Control-Enhancing Mechanisms and Earnings Management: Empirical Evidence from Pakistan20 cited
    • 2014Earnings management around tax rate reduction: evidence from China's 2007 corporate tax reform19 cited