Working
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Accounting Information, Disclosure and the Cost of Capital (September 2005) (with Rick Lambert and Ro Verrecchia); This paper supersedes an earlier working paper entitled “Firms' Capital Allocation Choices, Information Quality, and the Cost of Capital” (with Robert Verrecchia)
Do Foreigners Invest Less in Poorly Governed Firms? (February 2005) (with Karl Lins and Frank Warnock)
Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations (November 2004) (with Alexander Triantis and Tracy Yue Wang)
Cost of Capital and Cash Flow
Effects of
Forthcoming and Recently Published Papers
Cross Listing, Bonding and Firms’ Reporting Incentives: A
Discussion of Lang, Raedy and
The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms (with David Burgstahler and Luzi Hail), The Accounting Review, October 2006, forthcoming (SSRN)
International Differences in Cost of Capital: Do Legal Institutions and Securities Regulation Matter? (with Luzi Hail), Journal of Accounting Research, June 2006, forthcoming. (SSRN)
Political
Relationships, Global Financing, and Corporate Transparency (with Felix Oberholzer), Journal
of Financial Economics, forthcoming. (SSRN)
Economic Consequences of SEC Disclosure Regulation (with Brian Bushee), Journal of Accounting and Economics 39 (2005): 233-264. (SSRN)
Proprietary versus Non-Proprietary Disclosures: Evidence from Germany, in: The Economics and Politics of Accounting: International Essays, A. Hopwood, C. Leuz and D. Pfaff (eds), Oxford University Press, London 2004, 164-197. (SSRN)
The Role of Accounting in the German Financial System (with Jens Wüstemann), Chapter 14, in: “The German Financial System”, Jan P. Krahnen and Reinhard H. Schmidt (eds), Oxford University Press, London 2004. (SSRN)
Investor Protection and Earnings
Management: An International Comparison (with DJ Nanda and Peter Wysocki), Journal of
Financial Economics 69 (2003), 505-527. (SSRN) (This paper has been recently identified by Thomson-ISI to be one of the
most cited recent papers in the field of ECONOMICS & BUSINESS and been
featured on the ISI
webpage.)
IAS versus
Discussion of ADRs, Analysts, and Accuracy: Does Cross Listing in the U.S. Improve a Firm’s Information Environment and Increase Market Value? Journal of Accounting Research 41 (2003), 347-362. (SSRN)