CGRP Publications: CLDR: Stanford GSB

Corporate Governance Research publications

Books
Cases
Publications
Research and Working Papers

Publications - Corporate Governance

The following list represents selected publications containing corporate governance related research articles by faculty, since 2006. To read the complete article, navigate to the publishers website (may require subscription and/or purchase).

Selected Faculty Publications

2009
A skeptical appraisal of asset pricing tests Jonathan Lewellen, Stefan Nagel, Jay Shanke Journal of Financial Economics, In Press, Accepted Manuscript Available online 19 September 2009 Abstract
Inexperienced Investors and Bubbles Robin Greenwood and Stefan Nagel Journal of Financial Economics August 2009 Abstract
The Wall Street Walk as a Form of Shareholder Activism Anat Admati, Paul Pfleiderer The Review of Financial Studies (Vol. 22, Iss. 7; p. 2445) July 2009 Abstract
Depreciation Rules and the Relation Between Marginal and Historical Cost Madhav V. Rajan and Stefan Reichelstein Journal of Accounting Research (Vol. 47, No. 3) June 2009 Abstract
SEC Rule 10b5-1 and Insiders’ Strategic Trade Alan D. Jagolinzer Management Science (Vol. 55, No. 2) February 2009 Abstract
Discussion of “The Impact of the Options Backdating Scandal on Shareholders” and “Taxes and the Backdating of Stock Option Exercise Dates” Christopher S. Armstrong and David F. Larcker Journal of Accounting & Economics (Vol. 47, No. 1–2) March 2009 Abstract
An Empirical Investigation of the True and Fair Override in the United Kingdom Gilad Livne and Maureen McNichols Journal of Business Finance & Accounting (Vol. 36, No. 1–2) January–March 2009 Abstract
Objective Versus Subjective Indicators of Managerial Performance Madhav V. Rajan and Stefan Reichelstein The Accounting Review (Vol. 84, No. 1) January 2009 Abstract

2008
Does Earnings Management Affect Firms’ Investment Decisions Maureen McNichols and Steve Stubben The Accounting Review, pp. 1571-1603 November 2008 Abstract
Evidence on the Nonlinear Relation between Insider Trading Decisions and Future Earnings Information Joseph D. Piotroski and Darren T. Roulstone Journal of Law, Economics, and Policy (Vol. 4, No. 2, pp. 409-448) Spring 2008 Abstract
Executive Stock-Based Compensation and Firms' Cash Payout: The Role of Shareholders' Tax-Related Payout Preferences David Aboody and Ron Kasznik Review of Accounting Studies (Vol. 13, No. 2–3) September 2008 Abstract
Optimal Team Size and Monitoring in Organizations Pierre Jinghong Liang, Madhav Rajan, and Korok Ray The Accounting Review (Vol. 83, No. 3) May 2008 Abstract
Regulation and Bonding: The Sarbanes-Oxley Act and the Flow of International Listings Joseph D. Piotroski and Suraj Srinivasan Journal of Accounting Research (Vol. 46, No. 2, pp 383-425) May 2008 Abstract
The Power of the Pen and Executive Compensation John E. Core, Wayne Guay, and David F. Larcker Journal of Financial Economics (Amsterdam:Vol. 88, Iss. 1; pg. 1) April 2008 Abstract Related: Excessive Executive Pay Makes Headlines, But So What? Stanford GSB News, April 2008
2007
Multi-Period Corporate Default Prediction with Stochastic Covariates Darrell Duffie, Leandro Saita and Ke Wang The Journal of Financial Economics ( Vol. 83, 635-665) 2007
Valuation in Over-the-Counter Markets Darrell Duffie, Nicolae Garleanu and Lasse Pedersen Review of Financial Studies (Vol. 20, pp. 1865-1900) 2007
Performance-Based Compensation in Professional Service Firms: An Examination of Medical Group Practices C.D. Ittner, David F. Larcker and M. Pizzini Journal of Accounting and Economics (Vol. 44 Issue 3, p300-327) December 2007 Abstract
Corporate Governance, Accounting Outcomes and Organizational Performance David F. Larcker and Scott A.Richardson The Accounting Review (Vol. 82 Issue 4, p963-1008, 46p) October 2007 Abstract
Insider Trading Alan D.Jagolinzer International Financial Law Review (London: pg. 1) August 2007 Abstract
Employee sentiment and stock option compensation Nittai K. Bergmanand Dirk Jenter Journal of Financial Economics (Amsterdam: Vol. 84, Iss. 3; pg. 667) June 2007 Abstract
Endogeneity and Empirical Accounting Research David F. Larcker and Tjomme O.Rusticus European Accounting Review (Vol. 16 Issue 1, p207-215) May 2007 Abstract
Endogeneity and Empirical Accounting Research David F. Larcker and Tjomme O. Rusticus European Accounting Review (Vol. 16, No. 1, pp. 207-215) May 2007 Abstract
Common Failings: How Corporate Defaults are Correlated Darrell Duffie, Sanjiv Das, Nikunj Kapadia, and Leandro Saita The Journal of Finance (Vol. 62: 93-117) February 2007
2006
Overpaid CEOs and Underpaid Managers: Fairness and Executive Compensation J. Wade, Charles A. O'Reilly and T. Pollock Organization Science (Vol. 17, No. 5, pp. 527-544) September-October 2006 Abstract
Costs of Broad-Based Stock Option Plans Paul Oyer and Scott Schaefer Journal of Financial Intermediation (Volume 15, Issue 4, pp. 511-534) October 2006 Abstract
Co-Worker Complementarity and the Stability of Top Management Teams Rachel M. Hayes, Paul Oyer and Scott Schaefer Journal of Law, Economics, & Organization, (p.22) Spring 2006 Abstract
Overpaid CEOs and Underpaid Managers: Fairness and Executive Compensation James B. Wade, Charles A. O'Reilly, III, Timothy G. Polloc Organization Science (Vol. 17, No. 5, pp. 527-544) September-October 2006 Abstract
How to End CEO Pay Envy: Disclosing every detail of skyrocketing compensation packages is only making a bad situation worse. It's time to go back to keeping the numbers private Jeffrey Pfeffer Business 2.0 Magazine, June 1, 2006
Subjective Performance Indicators and Discretionary Bonus Pools Madhav V. Rajan and Stefan Reichelstein Journal of Accounting Research (Vol. 44, No. 3, pp. 585-618(34)) June 2006, Abstract
Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments Michael Greenstone, Paul Oyer and Annette Vissing-Jorgensen The Quarterly Journal of Economics (Vol. 121, No. 2, Pages 399-460) May 2006 Abstract

Center for Leadership Development and Research

Publications - Corporate Governance

Selected Faculty Publications