Zobrazeno 1 - 10
of 15
pro vyhledávání: '"Wan Wongsunwai"'
Publikováno v:
Contemporary Accounting Research
We exploit an influential 1991 Delaware court ruling to examine simultaneously two types of conservatism that play important roles in resolving creditor-owner agency conflicts: contracting conservatism and reporting conservatism The ruling expanded m
Publikováno v:
The Accounting Review. 93:299-325
We examine whether aggregate cost stickiness predicts future macro-level unemployment rate. We incorporate aggregate cost stickiness into three different classes of forecasting models studied in prior literature, and demonstrate an improvement in for
Publikováno v:
Academy of Management Proceedings. 2020:20511
Autor:
George E. Batta, Wan Wongsunwai
Publikováno v:
The Journal of Fixed Income. 24:5-18
This article examines the impact of equity misvaluation on the predictive accuracy of bankruptcy models. The authors find that structural bankruptcy prediction models are not affected by misvaluation. For hazard models, however, forecasting accuracy
Publikováno v:
Review of Financial Studies. 27:3318-3342
We investigate the effect of shareholder activism on debtholders by examining a sample of bank loans for firms targeted by activist hedge funds. We compare loan spreads before and after intervention and show the effects of heterogeneous shareholder a
Autor:
Wan Wongsunwai
Publikováno v:
Contemporary Accounting Research. 30:296-324
This paper investigates the effect of venture capitalist (VC) quality on earnings management in firms conducting initial public offerings of their equity stock, focusing on manipulation of both accruals and real activities. I develop a measure of VC
Publikováno v:
The Journal of Finance. 62:731-764
The returns that institutional investors realize from private equity differ dramatically across institutions. Using detailed, hitherto unexplored records, we document large heterogeneity in the performance of investor classes: endowments’ annual re
Publikováno v:
SSRN Electronic Journal.
We exploit an influential 1991 Delaware court ruling to examine the impact of changes in managerial fiduciary duties on firms’ accounting and contracting choices. The ruling shifted the balance of power in favor of creditors and away from sharehold
Autor:
George E. Batta, Wan Wongsunwai
Publikováno v:
SSRN Electronic Journal.
This paper examines the impact of equity misvaluation on the predictive accuracy of bankruptcy models. We find that structural bankruptcy prediction models are not affected by misvaluation. However, for hazard models, forecasting accuracy for properl
Autor:
Liang Tan, Wan Wongsunwai
Publikováno v:
SSRN Electronic Journal.