Zobrazeno 1 - 10
of 19
pro vyhledávání: '"Manoj Kulchania"'
Autor:
Manoj Kulchania, Rohit Sonika
Publikováno v:
European Financial Management. 29:196-246
Publikováno v:
Journal of Empirical Finance. 62:141-158
Are sell-side analysts reluctant to go against the investment views of their hedge funds when these hedge funds are their prime brokerage clients? We show that prime broker analysts tend to upgrade stocks recently bought by their clients. For stocks
Publikováno v:
The Accounting Review. 96:299-324
Using data on corruption convictions from the U.S. Department of Justice, we find that auditors charge higher fees when a firm is headquartered in a more corrupt district. This result is robust to a wide range of time and location fixed effects, usin
Autor:
Manoj Kulchania
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Financial Stability. 62:101071
Publikováno v:
Review of Quantitative Finance and Accounting. 55:123-162
We inform the policy debate arising from the dramatic shift in US firms’ balance sheets towards intangible assets that has created a challenge for market participants to estimate firm value. While accounting guidelines have failed to keep pace with
Publikováno v:
SSRN Electronic Journal.
Using data on corruption convictions from the U.S. Department of Justice, we find that auditors charge higher fees when a firm is headquartered in a more corrupt district. This result is robust to a wide range of time and location fixed effects, usin
Publikováno v:
Journal of Corporate Finance. 48:352-374
The median U.S. non-regulated firm reports a 47% decline in leverage ratio between 1980 and 2010. We investigate whether the cost-benefit tradeoff to shareholders, captured by the valuation impact of an additional dollar of debt on owners' equity, is
Autor:
Shawn Thomas, Manoj Kulchania
Publikováno v:
Journal of Financial and Quantitative Analysis. 52:1951-1988
Deregulation of the trucking industry and significantly lowered transportation costs led to large, widespread, and plausibly exogenous reductions in inventory for U.S. firms, with consequent increased supply-chain disruption (SCD) costs. We find evid
Autor:
Manoj Kulchania
Publikováno v:
Financial Management. 45:981-1009
I investigate the effects of firms’ proportion of fixed and variable costs on their payout policy and find that firms with higher fixed costs have significantly higher volatility in their future cash flows and more variable future operating incomes