References

• 1998Law and Finance17,902 cited
• 1997A Survey of Corporate Governance16,237 cited
• 1988Outside directors and CEO turnover4,251 cited
• 1996Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC*4,076 cited
• 1997Disclosure level and the cost of equity capital.3,577 cited
• 1997An Empirical Analysis of the Relation between the Board of Director Composition and Financial Statement Fraud3,518 cited
• 1998The Effect of Audit Quality on Earnings Management*3,243 cited
• 1979On financial contracting2,901 cited
• 1996Corporate Disclosure Policy and Analyst Behavior.2,743 cited
• 1993Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures2,643 cited
• 1994Why Firms Voluntarily Disclose Bad News2,435 cited
• 2001Financial accounting information and corporate governance2,296 cited
• 1997A Survey of Corporate Governance2,085 cited
• 1985Corporate performance and managerial remuneration1,756 cited
• 1998Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting Conference (Davis, March 1995), the NBER Corporate Finance Conference (Boston, August 1995), the Center for Research in Security Prices Seminar (Chicago, October 1995), the American Finance Association Conference (San Francisco, 1996), the American Accounting Association Conference (Chicago, August 1996), the University of Michigan, and the University of Rochester for helpful comments and discussions.