Accounting

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In this Closer Look, David F. Larcker and Brian Tayan at the Corporate Governance Research Program and researcher Sarah M. Larcker examine this issue in detail. Read the complete Closer Look Series research piece Explore More Topics, Issues and Controversies in Corporate Governance via...
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It is very difficult for shareholders to know detailed information about CEO succession planning among the companies they have invested in. Although CEO deaths are rare, the sudden death of a CEO can provide insight into the quality of succession planning and governance of a company. Whereas some...
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STANFORD GRADUATE SCHOOL OF BUSINESS — By now, nearly everyone knows that the financial meltdown of 2007, and the subsequent recession, began with the collapse of the housing market and the subprime securities market, the funder of millions of mortgages. Understanding exactly what happened, and...
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Sir, Bankers say whatever serves their interests. William Isaac, Chair of Fifth Third Bankcorp, and Richard Kovacevich, former Wells Fargo chief executive, repeat standard and flawed arguments against what they call “breathtaking“ levels of equity such as 9 percent. Many others argue that...
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Admati, who is the George G.C. Parker Professor of Finance and Economics, wrote the paper with Martin Hellwig of the Max Planck Institute for Research; they share the runners-up prize of $1,500 with a team from the International Monetary Fund. The Admati-Hellwig essay, "Good Banking Regulation...
STANFORD GRADUATE SCHOOL OF BUSINESS—Stock markets are supposed to be the ultimate arbiter of company worth. But do they factor in a country's corruption, or virtue in valuing businesses? Yes, says Charles M.C. Lee, an expert on markets and accounting at Stanford's Graduate School of Business. The...
STANFORD GRADUATE SCHOOL OF BUSINESS—In the late 1990s, market analysts anticipated that business-to-business (B2B) online transactions —commonly called "e-procurement"—would increase from $600 billion in 2000 to over $6.3 trillion by 2004. Growth has been much slower but researchers predict it...
STANFORD GRADUATE SCHOOL OF BUSINESS — There's good news for supporters of the Waxman-Markey climate bill from Professor Stefan Reichelstein. Although passed by the U.S. House of Representatives in June 2009, the bill is expected to spur a contentious debate in the Senate starting this fall....
STANFORD GRADUATE SCHOOL OF BUSINESS—Entrepreneurial activities are prone to failure. Limited resources, lack of market history, and inability to widely communicate product quality make it difficult for most startups to survive. Prior research indicates that venture capital funding is the most...

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