Search Results - "De Franco, Gus"

The Benefits of Financial Statement Comparability by DE FRANCO, GUS, KOTHARI, S.P., VERDI, RODRIGO S.

“…Investors, regulators, academics, and researchers all emphasize the importance of financial statement comparability. However, an empirical construct of…”
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Peer choice in CEO compensation by Albuquerque, Ana M., De Franco, Gus, Verdi, Rodrigo S.

“…Current research shows that firms are more likely to benchmark against peers that pay their Chief Executive Officers (CEOs) higher compensation, reflecting…”
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Analyst Report Readability by De Franco, Gus, Hope, Ole-Kristian, Vyas, Dushyantkumar, Zhou, Yibin

“…Using an extensive database of 356,463 sell‐side equity analysts' reports from 2002 to 2009, this study is one of the first to analyze the readability of…”
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Wealth Transfer Effects of Analysts' Misleading Behavior by Lu, Hai, Vasvari, Florin P, Franco, Gus de

“…We investigate a sample of 50 firm-events, identified in the Global Research Analysts Settlement, in which analysts were discovered to have acted misleadingly…”
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Managerial ability and bank‐loan pricing by Franco, Gus, Hope, Ole‐Kristian, Lu, Haihao

“…This paper examines the impact of borrowers’ managerial ability on lenders’ bank‐loan pricing and the channels through which managerial ability affects…”
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Debt Analysts' Views of Debt-Equity Conflicts of Interest by De Franco, Gus, Vasvari, Florin P., Vyas, Dushyantkumar, Wittenberg-Moerman, Regina

“…We investigate how the tone of sell-side debt analysts' discussions about debt-equity conflict events affects the informativeness of debt analysts' reports in…”
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The Informational Role of Bond Analysts by DE FRANCO, GUS, VASVARI, FLORIN P., WITTENBERG-MOERMAN, REGINA

“…This study uses a large sample of sell-side bond analysts' reports to examine the properties of recommendations provided by bond analysts and the impact of…”
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The Performance of Analysts with a CFA ® Designation: The Role of Human-Capital and Signaling Theories by De Franco, Gus, Zhou, Yibin

“…This study compares the performance of sell-side equity analysts with and without a Chartered Financial Analyst® (CFA) designation. Using a large sample of…”
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Accounting Adjustments and the Valuation of Financial Statement Note Information in 10-K Filings by De Franco, Gus, Wong, M. H. Franco, Zhou, Yibin

“…We examine the valuation of financial statement note information at the time of 10-K filings. We find that stock returns around 10-K filings are positively…”
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The effect of disclosure on the pay-performance relation by De Franco, Gus, Hope, Ole-Kristian, Larocque, Stephannie

“…We examine whether greater transparency leads to improved evaluation and rewarding of management. We posit that disclosure improves board effectiveness at…”
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Do Analysts’ Notes Provide New Information? by Franco, Gus De, Hope, Ole-Kristian

“…This paper systematically studies analysts’ notes, an important form of analyst disclosure not previously studied in the literature. Analyst notes are written…”
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The effect of auditor litigation risk on clients' access to bank debt: Evidence from a quasi-experiment by Chy, Mahfuz, De Franco, Gus, Su, Barbara

“…We exploit staggered state-level shocks to third-party auditor legal liability in the U.S. to test whether auditor litigation risk affects client companies'…”
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Riding the Blockchain Mania: Public Firms’ Speculative 8-K Disclosures by Cheng, Stephanie F., De Franco, Gus, Jiang, Haibo, Lin, Pengkai

“…This paper provides evidence on public firms’ initial 8-K disclosures that mention Blockchain and investors’ response to these disclosures. We categorize the…”
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Product Market Peers in Lending by De Franco, Gus, Edwards, Alexander, Liao, Scott

“…This study examines how product market peers affect lending relationships. We contend that firms are more likely to borrow from a bank that has previously lent…”
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Wealth Transfer Effects of Analysts' Misleading Behavior by DE FRANCO, GUS, LU, HAI, VASVARI, FLORIN P.

“…ABSTRACT We investigate a sample of 50 firm‐events, identified in the Global Research Analysts Settlement, in which analysts were discovered to have acted…”
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Marijuana liberalization and public finance: A capital market perspective on the passage of medical use laws by Cheng, Stephanie F., De Franco, Gus, Lin, Pengkai

“…We find that the staggered passage of state-level laws that legalize marijuana for medical use increases states' borrowing costs by 7–9 basis points…”
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Fixed income conference calls by De Franco, Gus, Shohfi, Thomas, Xu, Da, Zhu, Zhiwei (Vivi)

“…We study the determinants and the informational role of firms' fixed income conference calls, a unique form of voluntary disclosure that deviates from the…”
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Analysts’ choice of peer companies by De Franco, Gus, Hope, Ole-Kristian, Larocque, Stephannie

“…This is the first large-scale study to examine the peer companies used by sell-side equity analysts in their research reports. Using a unique hand-collected…”
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Similarity in the Restrictiveness of Bond Covenants by De Franco, Gus, Vasvari, Florin P., Vyas, Dushyantkumar, Wittenberg-Moerman, Regina

“…We examine the economic determinants and consequences associated with the inclusion of covenants with similar levels of restrictiveness in bond contracts…”
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Accounting adjustments and the valuation of financial statement note by Franco, Gus De, Wong, M.H. Franco, Zhou, Yibin

“…We examine the valuation of financial statement note information at the time of 10-K filings. We find that stock returns around 10-K filings are positively…”
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