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The Impact of Accounting Information Quality on Corporate Labor Investment Efficiency: Evidence from China
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The Impact of Accounting Information Quality on Corporate Labor Investment Efficiency: Evidence from China (2022)The Impact of Accounting Information Qual…Handbook of the Economics of Finance (2013)Handbook of the Economics of …The Effects of Business and Political Ties on Firm Performance: Evidence from China (2011)The Effects of Business and P…The Agency Problem, Corporate Governance, and the Asymmetrical Behavior of Selling, General, and Administrative Costs* (2011)The Agency Problem, Corporate…How does financial reporting quality relate to investment efficiency? (2009)How does financial reporting …Costs of Equity and Earnings Attributes (2004)Costs of Equity and Earnings …Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Enjoying the Quiet Life? Corp…The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)The Quality of Accruals and E…Discussion of the Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)Discussion of the Quality of …State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity (2001)State-Owned and Privately Own…Financial accounting information and corporate governance (2001)Financial accounting informat…Contracting theory and accounting (2001)Contracting theory and accoun…Agency Costs and Ownership Structure (2000)Agency Costs and Ownership St…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Labor as a Quasi-Fixed Factor (1962)Labor as a Quasi-Fixed FactorCorporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Are family firms really superior performers? (2007)A review of archival auditing research (2014)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The market pricing of accruals quality (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)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)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)Tobin's q, Corporate Diversification, and Firm Performance (1994)Diversification's effect on firm value (1995)A Survey of Corporate Governance (1997)CEO Overconfidence and Corporate Investment (2005)What Matters in Corporate Governance? (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Law and Finance (1998)What Determines Corporate Transparency? (2004)Mandatory CSR and sustainability reporting: economic analysis and literature review (2021)Accounting earnings and cash flows as measures of firm performance (1994)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Errors in Estimating Accruals: Implications for Empirical Research (2002)Investor Psychology and Asset Pricing (2001)Presidential Address: Discount Rates (2011)… and the Cross-Section of Expected Returns (2015)A review of tax research (2010)Textual Analysis in Accounting and Finance: A Survey (2016)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 2002The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors5,163 cited
  • 2003Enjoying the Quiet Life? Corporate Governance and Managerial Preferences3,773 cited
  • 2009How does financial reporting quality relate to investment efficiency?3,211 cited
  • 2000Agency Costs and Ownership Structure2,517 cited
  • 2004Costs of Equity and Earnings Attributes2,387 cited
  • 2001Financial accounting information and corporate governance2,296 cited
  • 2013Handbook of the Economics of Finance1,813 cited
  • 2002Discussion of the Quality of Accruals and Earnings: The Role of Accrual Estimation Errors1,615 cited
  • 1962Labor as a Quasi-Fixed Factor1,409 cited
  • 2001State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity1,218 cited
  • 2001Contracting theory and accounting1,053 cited
  • 2011The Effects of Business and Political Ties on Firm Performance: Evidence from China

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947 cited
  • 2011The Agency Problem, Corporate Governance, and the Asymmetrical Behavior of Selling, General, and Administrative Costs*826 cited
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