...Raphael Duguay ABSTRACT I evaluate the effect of financial statement audits on the governance practices of nonprofit organizations. Using a regression discontinuity design that exploits revenue-based exemption thresholds, I find that financial audits cause organizations to implement governance...

...Anya Nakhmurina ABSTRACT This paper examines the effect of state-level monitoring on municipal governance, focusing on outcomes in financial reporting quality, local corruption, political entrenchment, and municipal financial soundness. I exploit the staggered adoption of fiscal monitoring...

...Rui Ge; Yuan Ji; Henock Louis ABSTRACT We show that the number of governance provisions imposed on a firm by a strategic alliance partner decreases with the firm's accounting quality. This effect is weaker when the firm has greater bargaining power and stronger when the alliance project is riskier...

...Kevin J. Murphy; Tatiana Sandino ABSTRACT We provide fresh evidence regarding the relation between compensation consultants and CEO pay. First, firms that employ consultants have higher-paid CEOs—this result is robust to firm fixed effects and matching on economic and governance variables. Second...

.... Overall, this paper highlights the unintended consequences of regulatory attempts to enhance governance in the not-for-profit sector. We thank Qiang Cheng, Sanjay Kallapur, Gerald Lobo, Partha Mohapatra, Jeff Ng, Venkatesh Panchapagesan, Srinivasan Rangan, Esther Rehawi, Krishnamurthy Subramanian...

...Robert M. Bowen; Shivaram Rajgopal; Mohan Venkatachalam ABSTRACT We examine (1) whether the accounting, governance, and investing practices of Berkshire Hathaway investees are consistent with Warren Buffett's public statements on what constitutes good accounting, governance, and investing...

... are publicly available from the sources indicated in the paper. executive compensation equity incentives governance venture capital We examine the relation between shareholder investment horizons and features of compensation contracts that influence...

...; conference and workshop participants at the 20th Financial Economics and Accounting Conference (Rutgers, The State University of New Jersey), Annual Academic Corporate Reporting and Governance Conference (California State University, Fullerton), 2011 AAA Western Region Conference (Lucile Faurel, discussant...