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pro vyhledávání: '"Andrew Stephen McMartin"'
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Accounting & Finance. 60:2939-2963
Financial crises are marked by substantial increases in ambiguity where prices appear to decouple from fundamentals. Consistent with ambiguity‐based asset pricing theories, we find that ambiguity concerns are more severe for firms with higher earni
Publikováno v:
SSRN Electronic Journal.
We study how recognition versus disclosure affects pricing and control allocation in debt contracting. We examine whether loan spreads and the use of covenants changed around SFAS 158 adoption, which required recognition of previously disclosed pensi
Publikováno v:
SSRN Electronic Journal.
Financial crises are typically marked by substantial increases in ambiguity where prices appear to decouple from fundamentals. Consistent with ambiguity-based asset pricing theories, we find that ambiguity concerns are more severe for firms with high
Publikováno v:
SSRN Electronic Journal.
A wave of accounting failures at the beginning of the century motivated the national stock exchanges to require firms to maintain a majority independent board of directors. Approximately 24% of firms were not already in compliance with the new listin