P
Paul M. Healy
Researcher at Harvard University
Publications - 107
Citations - 24409
Paul M. Healy is an academic researcher from Harvard University. The author has contributed to research in topics: Earnings & Equity (finance). The author has an hindex of 38, co-authored 106 publications receiving 23013 citations. Previous affiliations of Paul M. Healy include Massachusetts Institute of Technology & National Bureau of Economic Research.
Papers
More filters
Journal ArticleDOI
Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature
TL;DR: Corporate disclosure is critical for the functioning of an efficient capital market as mentioned in this paper, and firms provide disclosure through regulated financial reports, including the financial statements, footnotes, management discussion and analysis, and other regulatory filings.
Journal ArticleDOI
Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature $
Paul M. Healy,Krishna G. Palepu +1 more
TL;DR: In this article, the authors provide a framework for analyzing managers' reporting and disclosure decisions in a capital markets setting, and identify key research questions and key researchquestions, concluding that current research has generated a number of useful insights.
Book
The effects of bonus schemes on accounting decisions
TL;DR: The authors analyzed the format of typical bonus contracts, providing a more complete characterization of their accounting incentive effects than earlier studies, and found that accrual policies of managers are related to income-reporting incentives of their bonus contracts.
Journal ArticleDOI
Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure
TL;DR: In this article, the authors investigated whether firms benefit from expanded voluntary disclosure by examining changes in capital market factors associated with increases in analyst disclosure ratings for 97 firms and found that expanded disclosure leads investors to revise upward valuations of the sample firms' stocks, increases stock liquidity, and creates additional institutional and analyst interest in the stocks.
Book
Does corporate performance improve after mergers
TL;DR: This article examined post-acquisition performance for the 50 largest U.S. mergers between 1979 and mid-1984 and found that merged firms show significant improvements in asset productivity relative to their industries, leading to higher operating cash flow returns.