CGRI research spans these topics: general principles, board of directors, leadership and succession planning, compensation, audit and risk, shareholders, and proxy advisory.
Between 2010 and 2017, Chinese investors used an investor interactive platform (IIP) to ask public companies around 2.5 million…
We explain when and how staggered difference-in-differences regression estimators, commonly applied to assess the impact of policy changes, are…
We analyze the trading of corporate insiders at leading financial institutions during the 2007 to 2009 financial crisis. We find strong evidence…
We examine the long-term effects of interventions by activist hedge funds. Research documents positive equal-weighted long-term returns and…
This paper examines the approaches accounting researchers adopt to draw causal inferences using observational (or nonexperimental) data. The vast…
We examine the link between corporate governance, managerial incentives, and corporate tax avoidance. Similar to other investment opportunities…
This paper examines the economic consequences of institutional investors outsourcing research and voting decisions in public company elections to…
This study examines the effects of shareholder support for equity compensation plans on subsequent CEO compensation. Using cross-sectional…
This paper examines the economic consequences associated with the board of director’s choice of whether to adhere to proxy advisory firm policies…
Prior research argues that a manager whose wealth is more sensitive to changes in the firm’s stock price has a greater incentive to misreport.…
Firms with central boards of directors earn superior risk-adjusted stock returns. A long (short) position in the most (least) central firms earns…
This study investigates the relation between corporate governance and CEO pay levels and the extent to which the higher pay found in firms using…
We estimate linguistic-based classification models of deceptive discussions during quarterly earnings conference calls. Using data on subsequent…
Most corporate governance research focuses on the behavior of chief executive officers, board members, institutional shareholders, and other…
This paper investigates the market reaction to recent legislative and regulatory actions pertaining to corporate governance. The managerial power…
Proxy advisory and corporate governance rating firms (such as RiskMetrics/Institutional Shareholder Services, Governance Metrics International,…
The two major paradigms in the theoretical agency literature are moral hazard (i.e., hidden action) and adverse selection (i.e., hidden…
This study examines whether Chief Executive Officer (CEO) equity-based holdings and compensation provide incentives to manipulate accounting…
Instrumental variable (IV) methods are commonly used in accounting research (e.g., earnings management, corporate governance, executive…
A number of recent marketing studies examine the stock market’s response to the release of American Customer Satisfaction Index (ACSI) scores. The…