Because prior studies find mixed results on the relation between CEOs’ pay performance
incentives and a firm’s likelihood of financial reporting fraud, we restudy their relationship using …

Using abnormal audit fees to capture added charges associated with incremental audit effort
beyond the effort level needed under normal circumstances, we find that the incremental …

We examine the effect of non-controlling shareholders (NCSs) on innovation in Chinese
state-owned enterprises (SOEs). Using a sample of Chinese SOEs during 2007–2016, we find …

Using listed companies from 2010 to 2019 in China, we investigate whether firms engage in
opinion shopping activities when firms dismiss the auditors following a goodwill impairment. …

Because auditing complex accounting estimates are particularly challenging for the auditor,
and given the PCAOB inspections reports indicating audit deficiencies with the valuation …

We study the strategy of shorting a pair of leveraged ETF and inverse leveraged ETF of the
same index. The profitability of this strategy does not depend on the direction of the …

The controversy over Chinese reverse mergers has led to concerns about the audit quality
of all US-listed Chinese companies. Because a sizeable number of foreign firms cross-list …

Malmendier and Shanthikumar (2014) find that some analysts issue relatively higher stock
recommendations and relatively lower earnings forecast of the same firm on the same day. …

We study the performance of hated stocks, defined as stocks with the average analyst
recommendation level of hold or worse. From 2009 to 2016, this group of hated stocks in S&P 500 …

Our study advances a novel framework to elucidate the determinants of analyst local bias.
Beyond the scope of information advantages, we posit political pressure as the predominant …