Zobrazeno 1 - 10
of 78
pro vyhledávání: '"Jonathan M. Karpoff"'
Publikováno v:
Management Science.
We document that regulatory enforcement actions for financial misrepresentation cluster in industry-specific waves and that wave-related enforcement has information spillovers on industry peer firms. Waves and spillovers have significant effects on s
Publikováno v:
Financial Analysts Journal. 78:9-18
Autor:
Jonathan M. Karpoff
Publikováno v:
The Journal of Law and Economics. 65:S65-S84
Publikováno v:
The Review of Financial Studies. 35:2879-2927
We document that the relation between firm value and the use of takeover defenses is positive for young firms but becomes negative as firms age. This value reversal pattern reflects specific changes in the costs and benefits of takeover defenses as f
Autor:
Jonathan M. Karpoff
Publikováno v:
Journal of Accounting and Economics. :101606
Publikováno v:
The Review of Financial Studies. 34:5676-5722
Shareholder perks are in-kind gifts or purchase discounts that disproportionately reward small shareholders. Data from Japanese firms indicate that firms initiating perk programs attract individual retail shareholders and experience increases in shar
Autor:
Jonathan M. Karpoff, Michael D. Wittry
Publikováno v:
SSRN Electronic Journal.
Autor:
Quentin Dupont, Jonathan M. Karpoff
Publikováno v:
Journal of Business Ethics. 163:217-238
We propose a construct, the Trust Triangle, that highlights three primary mechanisms that provide ex post accountability for opportunistic behavior and motivate ex ante trust in economic relationships. The mechanisms are (i) a society’s legal and r
Publikováno v:
Journal of Corporate Finance. 75:102218
Autor:
Jonathan M. Karpoff
Publikováno v:
Journal of Corporate Finance
Is financial fraud becoming a bigger or smaller problem over time? Current empirical approaches to this question generate mixed inferences. As an alternative, I use two theoretical constructs that isolate several factors that motivate fraud, and use