Cash Flow and Outcomes
How the Availability of Cash Impacts the Likelihood of Investing Wisely
Research by Marianne Bertrand

• • • • • • • • • • • • • • • • • • • • • • • • • •

What Drives Companies to Repurchase Their Stock?
The Relationship between Employee Stock Options and Stock Repurchases
Research by Daniel A. Bens and M.H. Franco Wong

• • • • • • • • • • • • • • • • • • • • • • • • • •

How Much are Nonexistent Earnings Worth?
Throwing Away Cash to Report False Earnings
Research by Merle Erickson

• • • • • • • • • • • • • • • • • • • • • • • • • •

The Ramifications of Restatements
Outside directors face job market penalties from financial reporting failures
Research by Suraj Srinivasan

• • • • • • • • • • • • • • • • • • • • • • • • • •

Checks and Balances
The Economics of Corporate Governance Reform
Research by Randall S. Kroszner

• • • • • • • • • • • • • • • • • • • • • • • • • •

The Glass is Not Broken
Evaluating the State of U.S. Corporate Governance
Research by Steven N. Kaplan

• • • • • • • • • • • • • • • • • • • • • • • • • •

The Value of Control
Protecting Minority Shareholders and Developing Better Financial Markets
Research by Luigi Zingales

• • • • • • • • • • • • • • • • • • • • • • • • • •

Don't Blame the System
Why Capitalism Must be Saved from the Capitalists
Research by Raghuram Rajan and Luigi Zingales

• • • • • • • • • • • • • • • • • • • • • • • • • •

Accounting Abroad: Keeping Managers and Auditors In Line
Reforming Financial Reporting in Developing Nations
Research by Ray Ball

• • • • • • • • • • • • • • • • • • • • • • • • • •

Buy, Sell, or Hold
Creating Incentives for Financial Analysts
Research by Joseph D. Piotroski and Abbie J. Smith

• • • • • • • • • • • • • • • • • • • • • • • • • •

The Court of Public Opinion
Reputation-Building, Corporate Governance, and the Media
Research by Luigi Zingales