Ellen Engel

TL;DR: In this paper, the authors investigate how corporate governance systems of large public U.S. corporations vary with information properties of numbers produced by their financial accounting systems and find that in firms whose current accounting numbers do a relatively poor job of capturing the effects of the firm's current activities and outcomes on shareholder value, the accounting numbers are less effective in the governance setting.

TL;DR: In this paper, the authors investigate how ownership concentration, directors' and executive's incentives, and board structure vary with earnings timeliness, and organizational complexity measured as geographic and/or product line diversification.

TL;DR: In this paper, the authors examined the capital market pricing of discretionary and non-discretionary components of a major accrual in the banking industry, the allowance for loan losses, and found that the market perceives the allowance to be comprised of two components, a nondiscretionary component which is negatively priced and a discretionary component whose incremental pricing coefficient is positive.

TL;DR: In this paper, the authors investigate firms' going-private decisions in response to the passage of the Sarbanes-Oxley Act of 2002 (SOX) and find that firms go private only if the SOX-imposed costs to the firm exceed the soX-induced benefits to shareholders.

TL;DR: In this article, the authors investigate firms' going-private decisions in response to the passage of the Sarbanes-Oxley Act of 2002 (SOX) and find that the quarterly frequency of going private transactions has increased after the enactment of SOX.