Search Results - "Stevens, Douglas E."

Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research by Bamber, Linda Smith, Barron, Orie E., Stevens, Douglas E.

“…This paper reviews, synthesizes, and critiques the capital market literature examining trading volume around earnings announcements and other financial…”
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A moral solution to the moral hazard problem by Stevens, Douglas E., Thevaranjan, Alex

“…In agency theory, offering a flat salary contract under unobservable effort creates a moral hazard problem because the agent is motivated to shirk and provide…”
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Revising the theory behind corporate governance and management control: A reflection and roadmap by Stevens, Douglas E.

“…I reflect on attempts to revise the theory behind corporate governance and management control in light of evolving organizational and market realities. First,…”
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The Robustness of Honesty Effects on Budget Proposals when the Superior has Rejection Authority by Douthit, Jeremy D., Stevens, Douglas E.

“…Rankin, Schwartz, and Young (2008) find experimental evidence that manipulating whether the budget request of the subordinate requires a factual assertion has…”
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The Usefulness of Social Norm Theory in Empirical Business Ethics Research: A Review and Suggestions for Future Research by Blay, Allen D., Gooden, Eric S., Mellon, Mark J., Stevens, Douglas E.

“…In response to recent calls to extend the underlying theories used in the literature (O'Fallon and Butterfield in J Bus Ethics 59(4):375-413, 2005; Craft in J…”
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Can a Code of Ethics Improve Manager Behavior and Investor Confidence? An Experimental Study by Davidson, Bruce I., Stevens, Douglas E.

“…Policy makers and corporations have recently emphasized a code of ethics as an effective aspect of corporate governance. The corporate governance literature in…”
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Can Social Norm Activation Improve Audit Quality? Evidence from an Experimental Audit Market by Blay, Allen D., Gooden, Eric S., Mellon, Mark J., Stevens, Douglas E.

“…We assert that audit quality can be improved to the extent that social norms for honesty and responsibility are activated in the auditor. To test this…”
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The Changing Behavior of Trading Volume Reactions to Earnings Announcements: Evidence of the Increasing Use of Accounting Earnings News by Investors by Barron, Orie E., Schneible, Richard A., Stevens, Douglas E.

“…ABSTRACT The increase in investor diversity over the last 35–40 years prompted us to revisit trading volume reactions to earnings announcements and how these…”
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Michael Jensen's contributions to the theory of the firm: A tribute in three acts by Madden, Bartley J., Stevens, Douglas E.

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How Far Will Managers Go to Look Like a Good Steward? An Examination of Preferences for Trustworthiness and Honesty in Managerial Reporting by Abdel‐Rahim, Heba Y., Hales, Jeffrey, Stevens, Douglas E.

“…ABSTRACT Growing calls for expanded disclosure on managerial stewardship raise important questions about how finer (i.e., disaggregated) reporting, when paired…”
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Using Analysts' Forecasts to Measure Properties of Analysts' Information Environment by Barron, Orie E., Kim, Oliver, Lim, Steve C., Stevens, Douglas E.

“…This paper presents a model that relates properties of the analysts' information environment to the properties of their forecasts. First, we express forecast…”
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Earnings characteristics and analysts' differential interpretation of earnings announcements: An empirical analysis by Ahmed, Anwer S., Song, Minsup, Stevens, Douglas E.

“…This study provides empirical evidence on factors that drive differential interpretation of earnings announcements. We document that Kandel and Pearson's…”
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An Empirical Analysis of the Effects of Online Trading on Stock Price and Trading Volume Reactions to Earnings Announcements by Ahmed, Anwer S., Schneible Jr, Richard A., Stevens, Douglas E.

“…This study provides evidence regarding the effects of online trading on stock price and trading volume reactions to quarterly earnings announcements. We test…”
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Price and Volume Reactions to Public Information Releases: An Experimental Approach Incorporating Traders' Subjective Beliefs by GILLETTE, ANN B., STEVENS, DOUGLAS E., WATTS, SUSAN G., WILLIAMS, ARLINGTON W.

“…This paper examines how market prices, volume, and traders' dividend expectations respond to public information releases in laboratory markets for a long‐lived…”
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Information system precision and honesty in managerial reporting: A re-examination of information asymmetry effects by Abdel-Rahim, Heba Y., Stevens, Douglas E.

“…Hannan, Rankin, and Towry (2006, HRT hereafter) propose that an information system is capable of affecting honesty in the manager's budget report by reducing…”
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Inefficiency in Earnings Forecasts: Experimental Evidence of Reactions to Positive vs. Negative Information by Stevens, Douglas, Williams, Arlington Walton

“…Prior archival studies of analysts' forecasts have found evidence for systematic underreaction, systematic overreaction, and systematic optimism bias…”
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