Now showing items 1-2 of 2
How Shareholder Accusations of Managerial Misconduct Affect Sell-side Analysts
In this paper, I examine how the firm's information environment changes after an accusation of managerial misconduct associated with management disclosure. Filing a security class action lawsuit under SEC Rule 10(b)-5 is the primary mechanism that shareholders have to formally accuse management of intentionally misrepresenting ...
Venture Capital Directors, Earnings Manipulation, & Firm Performance
The accounting system allows for flexibility in how earnings are presented, and this flexibility is susceptible to the incentives for managers and controlling stakeholders. Venture Capital (VC) firms have competing incentives when it comes to bringing portfolio firms public at an initial public offering (IPO), and the power ...