CEO Turnover and Properties of Accounting Information

By Ellen Engel, Rachel M. Hayes, Xue Wang. 2003

319 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c170fd17a74bd74a4c57fd850b4836a9cc66337e

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Citations in the corpus

The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research (2009, unknown): “…and Massa 2006), mergers and acquisitions (Song and Walkling 2000; Fee and Thomas 2004; Shahrur 2005), corporate governance (DeFond and Park 1999; Engel, Hayes, and Wang 2003; Rennie 2006; Karuna 2007), capital structure (Lang and Stulz 1992; Kale and Shahrur 2007), corporate disclosure…”
The Role of Information and Financial Reporting in Corporate Governance and Debt Contracting (2010, background): “Engel et al. (2003) find that the weight placed on earnings in the CEO turnover decision is increasing in the timeliness of earnings, measured as the R2 from a reverse regression of earnings on returns, and decreasing in the variance of earnings, which proxies for its noise.”
Investor Perceptions of Board Performance: Evidence from Uncontested Director Elections (2009, methodology): “More recent studies assessing turnover prediction also observe an association between past measures of financial performance, such as industry-adjusted ROA, and CEO turnover (see, for example, Huson et al., 2001 and Engel et al., 2003).”
Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “Engel et al. (2003) is the only study that provides evidence on the turnover consequences of earnings informativeness rather than extreme, and detected, earnings management.”
A review of the IFRS adoption literature (2016, background): “For example, Lambert and Larcker (1987) and Engel et al. (2003) document a substitution between accounting- and market-based performance measures.”
Measuring Reporting Conservatism (2007, methodology): “29 Engel et al. (2003) use as their measure of timeliness the R2 rather than the slope coefficient β2 (the DT measure) from Basu’s regression (regression (1) in this paper).”
Risk and CEO turnover (2010, background): “Engel, Hayes, and Wang (2003) study the properties of accounting information and CEO turnover, and Farrell and Whidbee (2003) examine performance expectations and CEO turnover.”
Management Forecast Accuracy and CEO Turnover (2012, methodology): “We use analyst forecast errors, industry-adjusted earnings, and market-adjusted returns to control for firm performance and Earn_Vol and Ret_Vol to control for risk (Coughlan and Schmidt 1985; Warner et al. 1988; Murphy and Zimmerman 1993; DeFond and Park 1999; Engel et al. 2003; Farrell and Whidbee”
Impact of firm performance expectations on CEO turnover and replacement decisions (2003, unknown): “Engel et al. (2002) use the ratio of the industry-adjusted variance of earnings divided by the industry-adjusted variance of monthly stock returns.”
Director Ownership, Governance, and Performance (2013, methodology): “The control variables are motivated by a substantial extant literature on performance and CEO turnover (e.g., see Huson et al. (2001), Farrell and Whidbee (2003), and Engel, Hayes, and Wang (2003)).”
On Guidance and Volatility (2015, background): “…in promoting a reputation for transparency, attracting analyst following, and constraining price volatility, when explaining why they are committed to guidance (Graham et al. 2005; Johnson 2009; National Investor Relations Institute 2009).1 Thus, from some managers’ points of view,…”